>>”9) The nearing end. Not the end of the world - the end of the recession. We’re in the middle of it now, and the economy will get worse before it gets better. But in a downturn the economy starts to improve, little by little, before a lot of people realize it. ... But those determined to make their life better will get their chance. We still do that in America.”<<
Actually, I don’t think we’re fully out of the second inning. It’s not 1929. It’s 1930. Anybody want to take a stab at what the stock market did between 1930 and July of 1932?
hint: it makes the October 1929 crash look like a bull market.
Yes, I agree. People do not see the similarities. It is indeed 1930. Even conservative economist say the only way to avoid another great depression is to stop the deflationary cycle by throwing money at the economy-both by stimulus and by printing money. I hope the GOP will not filibuster because I don’t want a depression especially one which will be blamed on Pres. Bush and the GOP.