alphadominance

The Great Depression vs. Today's Economic Crisis

Nicely put, I think there are eerily similar circumstances between our present situation and the Great Depression. While it's difficult to forecast accurately, I have my doubts about a speedy recovery. I suspect at the least we will have a protracted "flat" period as earnings and intrinsic value catch up with market values. Part of the problem is that virtually everyone is broke. The government, businesses and individuals are all cash strapped. How can we have a recovery without a return to greater consumption? However it works out I sincerely hope that America learns some fiscal discipline from this and reverses our course of negative savings and ever ballooning debt.
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