Royal Scot

Reversion to the Mean for Equities

Good point Keithcho, but wouldn't considering these new exchanges make the graph look even worse? I assume the respective market caps would be additive.

A troubling thought to me is the make-up of the GDP, which today is composed of much more intangible components (ie prominince financial of service sector) than it was in previous recessions.

The Current Economic Crisis: Hell, Meet Handbasket

A most succint and insightful precis of the unfolding financial tsunami we find our selves in.

As Paul Volcker said "It seems to me what our nation needs is more civil engineers and electrical engineers and fewer financial engineers."

The economy needs to get back to the fundamentals of creating real wealth, not paper wealth. How? Not an easy path.