You said in 2000, DJIA was 11700; in 2008 it's 11700. The stock market hasn't come to a stand still or making less progress. I think it is actually showing a grave regression. The rate of inflation during the 8-year period has always been positive, meaning the economy has not stopped growing. The lowest rate of inflation was 2002, at about 1.9% average of the twelve months. What we are seeing, I think, is that we are going back to 2000, as if there wasn't a M&A boom. However, should the effect of the sub-prime crisis last longer, and affect the general global economy, I think I am looking at an even lower point at the end of this year.
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You said in 2000, DJIA was 11700; in 2008 it's 11700. The stock market hasn't come to a stand still or making less progress. I think it is actually showing a grave regression. The rate of inflation during the 8-year period has always been positive, meaning the economy has not stopped growing. The lowest rate of inflation was 2002, at about 1.9% average of the twelve months.
What we are seeing, I think, is that we are going back to 2000, as if there wasn't a M&A boom. However, should the effect of the sub-prime crisis last longer, and affect the general global economy, I think I am looking at an even lower point at the end of this year.
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