Too much like 1929

[limo_888]

Here is an interesting article for us to discuss. It’s pretty bearish. It has many good points, but I’m not sure they are valid.

http://www.prudentbear.com/articles/show/2001

[kewp]

Har, the guys name is Bernard Ber!

I wonder if he lives in a tree and eats honey?

[lniles]

It is in many ways like 1929, but you can say that about pretty much any historical period.

Here’s a great read on the great depression. You can pick out many similarities to today’s economy. I like the parts about “malfeasance of bankers” and “incompetence of government officials”.

http://en.wikipedia.org/wiki/Great_depression

Interestingly, even in hindsight the cause of the depression is still debated.

Here’s a scary book called “The Second Great Depression: Starting 2007 Ending 2020” :

[Author]

Posts