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| Graph #1: GVA Finance as a Percent of GDP since 1947 (Quarterly Data) |
It gets more interesting if we go farther back in time:
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| Graph #2: GVA Finance as a Percent of GDP since 1929 (Annual Data) |
Sunday, March 25, 2018
Why I like to look back before 1947
GVA Finance since 1947, up and up, with only brief confusion at the crisis:
It gets more interesting if we go farther back in time:
Down and down from 1929 to 1944. Then up and up.
It gets more interesting if we go farther back in time:
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