Recent comments in /f/dataisbeautiful

sickagail t1_j8mxavd wrote

I'm a little confused.

The question asked is "will the market be higher or lower 12 months from now." But the plotted line seems to be a percentage change in the market, not a yes or no answer.

I'm guessing the prediction is something like "higher" answers minus "lower" answers. But a bunch of people saying "higher" is different from a bunch of people saying "30% higher."

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silvses t1_j8mt0sy wrote

Depends on how you view it. It couldve also prevented from falling it further with EC acting as a buffer to stagflation. Would be worthwhile to look into actions taking during that period.

The graph is relative to US, most countries around that time period were also growing exponentially. That high growth was same in UK which means they didn't lag on development.

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SpreadEagleCros_s t1_j8mscr6 wrote

Between Jackson and the creation of the Federal Reserve, the USA had an extremely unstable banking system. In the latter half of the 19th century after the Civil War, the US economy was beset by financial panics that caused depressions much longer and more severe than the ones seen today. For instance, the Panic of 1873 lasted 6 years and saw double digit unemployment. The Panic of 1893 lasted 4 years. Still, there kind of is a sharp uptick that you see on this graph. It’s just that the World Wars were the much more important events in boosting America to the place in the world it has today (and conversely, in weakening Great Britain)

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