Trumped Up Wrote:
-------------------------------------------------------
> Bill Gross Wrote:
> --------------------------------------------------
> -----
> > Yeah, just a little more and we'll be almost
> back
> > to where we were 5 years ago. At least if you
> > don't count devaluation of USD and another 6
> > trillion in debt anyway.
> >
> > Who'd have guessed that a life-long social
> justice
> > advocate could be such an economic marvel too.
> > lulzes
>
> You mean 5 years ago when the housing industry was
> tanked, banks were going under, auto industry had
> to be rescued, airlines were falling apart,
> spending billions in Iraq and Afghanistan, DOW was
> at 6000?
Nope, I mean prior to that. And also prior to that again in 1999.
In real-dollar terms over the last 10+ or so years the value of the market is down about 20%.
But, yeah, we're doing just great!