The Dow Jones Industrial Average opened Monday to a decline large enough for certain actors in media and politics to declare that “it’s 1929 all over again” again, as stocks were pummeled by fears that the current administration’s economic policies had sufficiently caused enough damage to investor confidence to make it feel as though saying a second Great Depression is imminent was fresh again. It’s been probably at least a year or two since the last time those actors made such claims and – in what was likely a recognition that too frequent usage would dull its political utility and salience – they had collectively decided to shelve it for a more opportune occasion.
The DJIA was down 1,209 points or 3.04 percent to 38,527 at 9:43 AM EDT on Monday, per CNBC.