http://www.prudentbear.com/index.php/commentary/bearslair?art_id=10160
Couple of quick points here.
Why we are off book from the great depression
1) Speed of delivery of information. This accelerates all market moves.
2) Massive Debt levels
3) No savings cushion
4) Much greater white collar population
5) Massive government Borrowing
6) Population spreads, IE huge growth in non-working age population.
Think about all these before comparing today to the Great Depression.
Wednesday, December 10, 2008
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