PDA

View Full Version : The Great Fiscal Stimulus Package ... Of 1929



MiningMajor
28th January 2008, 15:44
Lately, whenever the market has a bad day,
the reflex among financial-news editors is to compare our current situation with
1987 and wonder if a "Black Monday"-style crash is on the horizon.

But some observers draw a darker metaphor, noting that much of what we are
seeing now also took place in 1929. As we know, that meltdown -- unlike the 1987 crash --
was not followed by a happy ending, but rather by a decade of poverty, shantytowns and sporadic famine.

Read more: http://insidegold.com/article/22614/