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runningofthebulls.typepad.com - 1/30/2009
Analogies to The Great Depression are Misplaced
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I think references today to The Great Depression are misplaced.  Two recent articles note the differences between today and the 1930s.  First, from The Telegraph [I]t is not yet like 1933. That second leg down was the result of "liquidation" policies by a Dickensian ...
Opinion: Policies Prolonged Depression
online.wsj.com - 2/2/2009
Opinion: Policies Prolonged Depression
— online.wsj.com — [Commentary] Corbis A man selling apples during the Great Depression.... (more) Opinion: Policies Prolonged Depression

Comments vote down Greg Mankiw's Blog found this 2/2/2009found this
nakedcapitalism.com - 2/2/2009
Japan on the Edge of the Abyss?
— nakedcapitalism.com — A reader chided me for not making note of the truly dreadful factory output figures released last... Thursday, which showed a fall of 9.6%. I have to confess that I have fallen into "Japan bad news" syndrome, in that I expect bad news out of Japan ... (more) Japan on the Edge of the Abyss?

Comments vote down FT Alphaville found this 2/2/2009found this
american.com - 1/29/2009
Our Epistemological Depression — The American, A Magazine of ...
— american.com — The history of socialism is the history of failure and so is the history of capitalism, but... in a different sense. For the history of socialism is one of fundamental failure, a failure to provide incentives and an inability to coordinate information ... (more) Our Epistemological Depression —  ...

Comments vote down Marginal Revolution found this 1/29/2009found this

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Musings of a Trader

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Musings of a Trader — This is a comment I posted following this Great Depression-related entry on the Toro blog: The problem with comparing our current predicament with the Great Depression is that such a comparison can, paradoxically, breed complacency as in: "We're not doing as bad as we were in 193?, therefore we're going to be OK". It's like the drunk saying: "I'm not a heroin addict therefore I'm OK".

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