Little Early maybe, anyway I think the reason the great depression happened (starting in 29) is because the administration at that time did very little to nothing, it was not until 1933 when Franklin Delano Roosevelt took office that the Government took the actions necessary .
Today is very different the government is jumping through hoops and moving very aggressively to solve this mess we are in,
I say this will not be nearly as bad as the media is hyping it is going to be.