Oh Man! What For Christmas?
Clare Briggs
Clare Briggs is a famous cartoonist who lived from 1875 to 1930. Poems by Wilbur Nesbitt.
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Comics
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Danny Dreamer: It’s a Dog’s Life
April 5, 2025
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A Would-Be Buyer at an Automobile Show
April 2, 2025
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on Open Mic for the week of 3/31/25
- on Read It For Yourself: How Trump Admin Defines “Gang Members” For Deportation
on Open Mic for the week of 3/31/25
According to page 3 of this pdf (glory to the St Louis Fed for its historical data and pubs), the average corporate bond was down to 4.25% by the end of 1922 (after paying out at 8% in 1920). Railroad bonds had interest rates about a percent higher, but the medium term trend was for interest rates to decline until 1929, when, well, everything went kablooey.
as a proxy for railroad stocks at the time the Dow Jones Transportation Index (a different thing from the more commonly known Dow Jones Industrial Average) went up between 7 to 16% for the next few years, until a small drop in 1929, and then 33% decline in 1930, and a 65%(!) decline in 1931
https://en.wikipedia.org/wiki/Dow_Jones_Transportation_Average#Annual_returnsReport