Friday, April 10, 2009

perspective

Château De Loumarin, Aix En Provence, France, 1948

"No one who has gazed on such a scene could doubt that this financial disaster, huge as it is, cruel as it is to thousands, is only a passing episode ..."
- Winston Churchill lost $50,000 in the stock market collapse of 1929, which was most of his savings. According to dollartimes.com, $50,000 in 1929 had about the same buying power as $614,707 today.

An earlier reference to Churchill here.