Here’s a picture that scared me quite a bit. Look at the trend between the Great Depression and the current financial crisis. I had started to buy into the idea that it had bottomed out, but now I’m more wary. Give it six months and we should know.
August 12, 2009
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Very interesting Thomas. I suspect we may well be in need of some more stimulating…….. Either that or the conservatives may institute some good old Hooverian spending policies to accelerate the decline!
Comment by St Ives — August 12, 2009 @ 6:09 pm