It amazes me time and time again that people forget about the early 90’s. Or simply say “It’s ‘different’ this time”. Economies go through cycles. No ifs ands or buts. This one is just going to be worse than the 90’s because of Greenspan postponing a needed correction by lowering interest rates too far during the dot-com bust.

Regardless, it’s nice reading about history and how much it mirrors what is happening today. Great find, thanks!