"We had a booming stock market in 1929 and then went into the world’s greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well, some things are not different."
- Jeffrey SachsRenowned economist Jeffrey Sachs has devoted his professional life to researching and advising on global economic policies. He made a historical observation regarding stock market trends in one of his writings or speeches. He drew parallels between two pivotal eras: 1929, when the stock market was b…