Investment Markets: Is there anything to learn from 1929? Part 2

Old timer structural worker 2, by Lewis Hine, edited by Durova

Paul Gambles, Managing Director

In Part 1, I looked at how the Roaring Twenties led to the Wall Street Crash and the Great Depression. In Part 2, we discover how the past can cast shadows on our future.

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Investment Markets: Is there anything to learn from 1929? Part 1

American Union Bank 1929, Public Domain

Paul Gambles, Managing Director

Predicting the future is always a risky business. Accurately forecasting when changes will happen is impossible.

 

However if, like Kondratieff, we look at the economy as a series of cycles^[1], the events around the Wall Street Crash of 1929 and the Great Depression of the 1930s can alert us as to what may happen in the near future.

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