Take a look at the image below. I realise that this event can't be measured accurately against past events but consider the reasons for them.
The 73 oil crash and the tech crash were both sector-related crises that then went on to affect the wider economy. Whereas the 1929 crash was a economy-wide disaster similar in effect to our current one. When I hear people say there will be a recovery this year, I can't believe it. The problems are too wide-spread and long-lived for things to pick up that quickly.
The 73 oil crash and the tech crash were both sector-related crises that then went on to affect the wider economy. Whereas the 1929 crash was a economy-wide disaster similar in effect to our current one. When I hear people say there will be a recovery this year, I can't believe it. The problems are too wide-spread and long-lived for things to pick up that quickly.
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