As in “a picture is worth a thousand words”,
“un bon croquis vaut mieux qu'un long discours”,
"百闻不如一见", or "As the Chinese say, 1001 words is worth more than a picture."!
Proportion of the population moving, compared to usual, over the most recent three weeks
The average congestion during the morning rush hour for the week ending 27th March, compared to the 2019 weekday average
In the years shortly before and following the great crash of 1929 most market participants failed to grasp the full scale and length of the unfolding depression. Capitulation finally came after 1932, when the DJIA closed at its lowest level of the 20th century.
"Looking at 20-year rolling market returns, we are in the bottom 5% of returns since 1927"
S&P 500: 1825 - 2019
The end of monetary magic?
