I don’t usually post topical news pieces on here, but I thought that this one was too terrifying to pass up. Someone has super imposed the growth of the stock market during the past five years onto a graph of economic growth during the 1920s. The parallels are obvious and the possible implications show why everyone is looking so very concerned at the moment. Could it dip as low as it went it the 1930s?
Filed under: politics | Tagged: credit, crunch, depression, economic, graph, great, growth, meltdown
[...] believed (and I’m not doubting them) we are in the midst of a global economic crisis possibly more serious than that of the great economic depression of the 1930s. The banks have lost trillions, whole nations are going bankrupt, the cost of living [...]