Spot the Difference : FTSE Boom, FTSE Bust
click to enlargeFirst he plundered your pension then Crash Gordon worked his magic on the stock market. To mis-quote Neil Kinnock, “I warn you: don’t get old, don’t invest your pension in the stock market”. One long Tory boom, two Labour “boom to busts”…
UPATE : Some half-educated types are claiming in the comments that the above should be done using a logarithmic Y-axis. Not sure why beyond that it would flatter the latter era of the chart. If we are going to be picky than perhaps it should be inflation adjusted or using constant value time-fixed pounds, or maybe done in net present value terms. The graph would look even worse…
