September, 1929. A market dip of approximately 15%. October 1st., recovery and the stock market regained the September loss.
Of greater importance is the distribution of wealth between then and now. When Harley Davidson has to close a plant because they can't sell motorcycles, the guy in the street ain't doing as well as in past. And he's the guy who keeps the economy going. When Apple can't get the average punter to put out $34. a month to buy their iphone X, --- this is just the beginning.
---of course, doesn't mean its over.
September, 1929. A market dip of approximately 15%. October 1st., recovery and the stock market regained the September loss.
Of greater importance is the distribution of wealth between then and now. When Harley Davidson has to close a plant because they can't sell motorcycles, the guy in the street ain't doing as well as in past. And he's the guy who keeps the economy going. When Apple can't get the average punter to put out $34. a month to buy their iphone X, --- this is just the beginning.