22thoroughbred

2009 Depression Will Be Nothing Like 1929

I still want to know what a "depression" looks like when people have some assets, during '29 our grandparents lived check to check, waited in soup and bread lines, etc. because they had no savings, today a reasonable percentage of people have a 401K with $100k or more, have some money saved, so what will an '09 depression look like, because honestly I believe as an economy we are there and it will get worse before it gets better. Thoughtful replies please