How the West Was Lost and Where it Got Us

By Paul Kedrosky · August 10, 2011 · ·

From the WSJ tonight, a Birinyi graph comparing bank performance from 1929 onwards to banks today since the 2008 crisis/event/crashes/etc. The 1930s banks are as proxied by the S&P money center bank index for the period, while the current banks is as modeled by the KBW bank index.

OB PC762 banks K 20110810164314

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Comments

  1. loafer says:
    August 11, 2011 at 12:26 am

    Nice chart, although obviously there is the small matter of WW2 for a significant proportion of the tail in the chart…what is the overall market comparison for the same period?

  2. Nostradamus says:
    August 11, 2011 at 12:42 am

    Everybody should give up blogging and just post links to Scott Sumner instead.
    http://www.themoneyillusion.com/?p=10397 http://www.themoneyillusion.com/?p=10371

  3. MattC says:
    August 11, 2011 at 1:36 am

    @loafer – I think the bigger concern is that WW2 happened post that chart trend… That should be our number one concern. In a post depression world – economic strife and uncertainty often leads to war as states are chafing to manage populaces that are looking for a culprit.