The author is correct that we are not yet in a comparative situation to the Great Depression. He is correct that the fear-mongering is over the top. However, it does seem like the slippery slope to something much worse is plausible. I see this both ways to some degree.
- Pages
- About & History
- Acknowledgements
- Affiliates Program
- Books
- Clients: Corporate
- Clients: Individuals
- Clients: Universities
- Contact
- Covel Business Principles
- Critics
- Email Newsletter
- Endorsements
- FAQ
- Influences
- Live Events
- Press Coverage
- Privacy Policy
- Recommended Books
- Resources
- Seminars
- Success Stories
- Support
- Table of Contents
- The Trend
- TurtleTrader Afterword
- Tyrannosaurus Rex
- Value Proposition
- Videos
- Welcome Message
- Categories
- Afterword (20)
- Book News (157)
- Book Reviews (60)
- Critics (52)
- Economics (468)
- Endorsements (31)
- Feedback (192)
- Film (37)
- Holy Grails (521)
- Interviews (35)
- Multimedia (81)
- Not Wall Street (60)
- Poker (4)
- Politics (29)
- Psychology (306)
- Risk Management (47)
- Statistical Thinking (77)
- Systems Trading (29)
- Trading 101 (324)
- Trend Following (448)
February 16th, 2009 at 1:36 pm
The comparison of today’s economy to the contractions of 1981-82 and 1929-33 really cannot be made until we can have a better historical perspective. Has the economy hit bottom or have we just entered year two of a multi-year contraction? We may very well be in a depression but we cannot right now make that assessment. I think it’s easy to predict the future but not with any certainty.
February 16th, 2009 at 2:47 pm
I think it’s easy to predict the future but not with any certainty.
I bet Yogi Berra would absolutely agree with you on that!