********************************************************* Alan P. Rudy Visiting Associate Professor Dept. Sociology, Anthropology and Social Work Central Michigan University 124 Anspach Hall Mt Pleasant, MI 48858 517-881-6319
On Tue, Feb 10, 2009 at 5:09 PM, Charles Brown <cdb1003 at prodigy.net> wrote:
>
> Inflation/deflation illusion ?
>
> * * *
>
> New York Times
> Off the Charts
> A 10-Year Stretch That's Worse Than It Looks
>
> By FLOYD NORRIS
> Published: February 6, 2009
>
> IN the last 82 years — the history of the Standard & Poor's 500 — the
> stock market has been through one Great Depression and numerous
> recessions. It has experienced bubbles and busts, bull markets and
> bear markets.
>
> But it has never seen a 10-year stretch as bad as the one that ended last
> month.
>
> Over the 10 years through January, an investor holding the stocks in
> the S.& P.'s 500-stock index, and reinvesting the dividends, would
> have lost about 5.1 percent a year after adjusting for inflation, as
> is shown in the accompanying chart.
>
> Until now, the worst 10-year period, by that measure, was the period
> that ended September 1974, with a compound annual decline of 4.3
> percent.
>
> Full: http://www.nytimes.com/2009/02/07/business/07charts.html
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