Friday, May 23, 2008




The 1929 Crash and Recession to Depression: Did we Forget?
May 20th, 2008 - Last Update: May 20, 2008
Features, Macroeconomics
Are we there yet, you ask, when is this financial crisis thing going to end? We may be close some say, but that’s been said before! Perhaps not unlike early 1929 when the then Harvard Economic Society declared that a recession was eminent, only to later shift to the firm position of a positive forecast and that a depression was outside the range of probability.
The depression that began shortly after lasted a decade.




... here go buy this book ...
... read it ...
... then your own conclusions ...




Kenneth Galbraith, ‘The Great Crash’, 1954


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# posted by intcoex : 12:56 AM




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