The 2008-2009 Recession Was Much Worse Than It Was in 1929 to 1932

The drop in earnings recorded in the 2009 recession was many times worse than in the 1930s and again we have 140 years of history. The holdings of companies even though it was a temporary drop in asset value they had in market and that shows up as a giant drop in Earnings. Now the effect of that very simply is that you have in 2008-2009 almost zero earnings right it's down 90%.