CoinMiner

2009 Depression Will Be Nothing Like 1929

Apples vs. Apples indeed. By the time this current financial maelstrom runs its course, our lexicon may expand to include another word rather than 'recession' vs 'depression'.

This series of cascading events that takes down a large percentage of the world's largest commercial and investment banks may likely provide an entirely new world bank in concept and fact, to replace the old fallen (if not mortally wounded) system. This type and magnitude of global economic adjustment might serve as an entirely new lens through which future economist shall analyze fiscal theory and response.

An orange of entirely different stripes, for better or for worse…