Aj2009

2009 Depression Will Be Nothing Like 1929

To # Jonny Rotten :
I agree we live a much better era than 1929 no matter how bad it is now. But for those who still have the memory of financial security just 2 years ago, the big gap is very had to live up with.
The depression in 1929 was partly solved by world war II. I guess the comparison between now and then is quite natural--at least it offers a BIG warning: try to cooperate with other countries, try to be more independent in energy.
As for the development of technology, it surely makes life easier but it won't necessarily make people happier.

As to the author: I don't know if short amzn is a good idea even from valuation point you are right. Now the stock price is crazier than ever before. I sometimes think if the analysts cut the earning estimate down so that each company can beat it, will that be a better place for "long"? So any company still show "growth" is already quite expensive. As long as the faith holds, it will continue to be so.