We’ve done it - at least in some sense…
Throughout my entire career, I used the Japanese stock market as a cautious tale of the risks to equity investments even if you are a very long-term investor. But as of today, the Nikkei 225 has finally recovered all its losses created after the bubble burst in 1989. It only took 34 years and a few months and the index dropped 78.8% from peak to trough, but we finally are back to all-time highs in Japan! It’s the real-time example of what I wrote about last week Wednesday.
That is, of course if you ignore inflation. Then you are still down 17.6% in real terms and waiting for the recovery to complete.
which makes one wonder: what is the longest peak-to-trough-to-peak as of yet?
My gom (guess-o-meter) says Russia got back to zero in the 1990s, Germany in the 1960s, Venezuela and Zimbabwe: not yet by a long shot... But do those countries that have defaulted even count?
I NEVER ignore inflation, which is the major tool by which the financial hegemony rips off investors and people generally