I could stare at this image all day. Continually riding its roller coaster in my head – watching geo-political events, holidays, elections, and family gatherings, all unfold.
Whether we call it the Great Recession or the Great Nominal Spending Crash1 – I don’t think we’ve seen the interesting part yet. I predict a dramatic recovery & acceleration. The Restart.
A couple recent graphs I’m using as the basis for this prediction:
Dow Jones Industrial Average Nov. 2008 – Nov. 2009
My interest in economics was sparked by Black Monday, 1987. Back when the Dow shed 800 points in 2 days – falling below 1800.
The 20 years since have brought some of the most significant advances in technology, communications, and overall quality of life (yes, pat yourself on the back). I fully expect the same looking forward.
1. Thanks to Alex Tabarrok @ Marginal Revolution for the tip.