It was what, a little over 30% drawdown, that's a crash now? I did say started, not finished :) Sorry Great Depression. We're in the first few months of this

It was what, a little over 30% drawdown, that's a crash now? I did say started, not finished :) Sorry Great Depression. We're in the first few months of this recession, which may well become a depression, and crucially is happening worldwide in almost every country and slowing trade at the same time. It's certainly been a much sharper shock than the Great Depression - the US has seen unemployment rise faster: https://www.pewresearch.org/fact-tank/2020/06/11/unemployment-rose-higher-in-three-months-of-covid-19-than-it-did-in-two-years-of-the-great-recession/ https://www.pewresearch.org/fact-tank/2020/06/11/unemploymen... And there has been nothing like these levels in the US since the Great Depression. https://www.cnbc.com/2020/05/19/unemployment-today-vs-the-great-depression-how-do-the-eras-compare.html https://www.cnbc.com/2020/05/19/unemployment-today-vs-the-gr... Since it usually takes these things several years to play out, I'm not convinced that the high water mark for unemployment has been reached yet. There are also hints that the true rate in early 2020 was more like 20% (department of labour statistics). We'll know in a few years, but this is certainly the sharpest recession on record (due to the imposed nature of it), and the only comparable is the Great Depression.