Meremortal

Manufacturing Collapse Reminiscent of Great Depression's Beginning

Full disclosure, though I could be a liar (more on that below): I am a generalist and I have many years of investing and business experience, mainly in real estate sales, investing and development. I've been investing in stocks for about 35 years.
1. The writer is a victim of static model fallacy and his graph comparisons are not useful.
2. Krugman? No.
3. Despair is rampant but not unanimous yet, so we do have more downside ahead in stocks and the economy.
4. The recovery may be slow, but anyone predicting that at this point is guessing, not truly forecasting (given my reading so far, though I may have missed someone making a good case). I would maintain that conditions are too uncertain to predict. the speed of the coming recovery. I confidently predict a recovery, this is not the end of capitalism.
5. Our job is always the same. We must look for ways to grow/conserve our capital under current conditions, with an eye toward the future.
6. I'll not be giving any advice though I am actively working on my number 5. Anyone who acts based on poster comments is a fool. Do your own research and place your bets accordingly. I have been doing well, but that could change at any time.