In debt we trust? The 90th anniversary of the great stockmarket crash

Could 2019's markets see a repeat of Wall Street in 1929?

As we approach the 90th anniversary of the Great Stockmarket Crash, could history repeat itself?

Across the two days of 28 and 29 October 1929, stockmarkets suffered the worst decline ever recorded.  The US stockmarket would not return to its peak closing level of 3 September 1929 until 23 November 1954. Compared with 1929, the world economy is much better regulated today - particularly in the wake of the Global Financial Crisis (GFC). Nevertheless, there are some uncanny similarities.   Debt - then and now  One of the causes of the 1929 crash was the huge amount of debt in the system. Encouraged by cheap money and a sense that the good times - the Roaring Twenties - were he...