Quote:
Originally posted by MattK@Feb 27 2004, 05:38 PM
Kind of like what happened in the 1930's...
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Every year since the end of the depression some writer somewhere has used this phrase. I think you can find plenty enough examples from 2001 and what happened? One of the shortest and weakest recessions of all time. What we should have learned is that our recessions are shorter and less severe than they used to be. There has been no repeat of the 1930's despite how many factors have seemed similar at various times.
It seems to me that in pretty much all times people are in a state of panic regarding te economy. I can't remember when people weren't. All during the middle and late 1990s there were many articles that showed ominous comparisons with 1929 based on the overinflated stock market and predictions of a coming depression on par with the 1930's. Fear.
Yet 1929 always remains a distance memory.