Doug was stretching it a bit. The downturn in the market hit in 1913, before
the war started.

Rod Hay

Mark Jones wrote:

> Doug Henwood wrote:
> > in 1901 ... real prices stayed pretty flat for 15
> > years before a deep bear market set in.
>
> So this 15 years  gets us from 1901 to 1916, right? Anything else happening
> in the world right then that might correlate to an absence of plateaux and
> even a general crisis of capitalism?
>
> Mark Jones

--
Rod Hay
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