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  • Similarities to U.S. 1937, Japan 1998 [View article]
    Don,

    Make no mistake that this will be worse than the Great Depression. When the system failed then most of America still had its roots in family farming or, those who lived in cities, had family or friends involved in family farming. To some extent, people could fall back on this resource for the basics. It was austere, for sure, but not life-threating. What may be coming will be different.

    As for the rally you speak of, if my memory serves me correctly, I think the Dow took a bit over 25 years to reach the levels of pre-crash, not the 16+ years that you refer to here. Of course, I guess you are referring to a major positive movement in the markets, not recovery.
    Oct 09 20:30 pm |Rating: 0 0
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