MarketLost

Things Could Be Worse...

Oh for Pete's sake, what a bunch of total BS!! It's Y2K all over again. I recall how people were stocking up on everything from beans to bullets during the run up to the turn of the century, and it was just as much of a crock as it is now.

Not only does the list not match up on the points given - it's called reading comprehension, check it out - the list leaves off the most crutial points, which are the differences. Deposit insurance, unemployment insurance, welfare, and Social Security - to name just a few work as counter-cyclical measures to mitigate down-turns such as this. Moreover, the Great Depression was just the worst in an unending series of depressions that occured pre-WWII.

Some people need a history lesson because, obviously, economics isn't cutting it.