It’s funny, I thought the world markets were all down like ours. I mean this is a world wide issue right? Well, it turns out no. For year to date, England is down less then 1%. Japan is down 6%, Hong Kong is down 9% and Germany is down 13.4%. For reference, our NASDAQ is down 27.5% YTD.
Not so funny how that works out.
In the great depression it is not widely told that the US languished in financial distress far longer than the rest of the world, particularly the UK.
Why? They tightened their belts and Roosevelt spent like a drunken fool.
Sound familiar?