It left a psychological
depression around the markets by the average investor or what was the average investor.
Not exact matches
He says to expect turbulence in the equity
markets, a resulting 20 % sell - off in equities, deflation
around the world and even a
depression.
But Krugman has a much bigger puzzle to explain away: if free
markets in banking are the problem, why did Canada, which, during this period, had a far less regulated banking system than the US, not experience the panics we did, and why did no Canadian banks fail during the Great
Depression while
around 9000 US banks did?
There have been many theories floating
around the financial press that the world
markets are now independent and that having a global
depression like times in the past was highly unlikely.
Milwaukee Journal Sentinel, April 19, 2009 Not afraid to tackle dirty work: MBA student sees
market with no rivals and starts her own diaper service by Doris Hajewski» It was during the Great
Depression that the first commercial diaper - washing services started popping up
around the country.
The stock
market as a whole has averaged
around 10 - 11 % since the great
depression.