The Last 800 Years of Data Show No Bottom Yet

A recent Barron’s article discusses the current market downturn within the context of historical data going back to the 13th century—which shows there is “ample precedent for the current crisis.” “Many of the biggest economic contractions came during pandemics, with the Black Death of 1349 resulting in a 23.5% decline in England’s economy, the second worst on record,” the article reports, after the 25.4% in 1629 when King Charles I dissolved Parliament. In U.S. history,… Read More