Okay, here is what you actually stated:
The market also rallied before the Depression.
A recession is borne out by statistics after the fact. The reality of a recession is brought out by anecdotal evidence, during the fact.
222 posted on 03/17/2008 3:05:38 PM EDT by nicmarlo
So here's my question, based on what you actually stated: Do you think we are headed for a depression?
It's premature for anyone to do anything more than speculate on whether there will be a depression, much less flatly state that we are headed for one. And as you well know, statistics don't show that we are "technically" even in a recession (I would think that a recession would be a precursor to a depression). Notwithstanding the technicalities, however, I believe it is obvious that we are experiencing a recession. And as I stated earlier, recessions are experienced anecdotally during the fact; statistics prove what is felt long afterwards.
What you laugh at, however, is the clear parallels in the here and now and the economic policies/practices, events, and statements made prior to the Depression. Ignoring these historic warnings, imho, is nothing less than stupid.