boston.com - 11/17/2008
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OVER THE PAST few months, Americans have been hearing the word "depression" with unfamiliar and alarming regularity. The financial crisis tearing through Wall Street is routinely described as the worst since the Great Depression, and the recession into which we are sinking looks deep enough, ...
slate.com - 11/22/2008
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slate.com —
It's difficult to avoid the comparisons between the
current sad state of financial affairs and the Great...
Depression. "This is not like 1987 or 1998 or 2001," Merrill Lynch CEO John Thain said at a conference on Nov. 11. "We will in fact look back to ...
(more)
Why all those Great Depression analogies are wrong. - By ...
marginalrevolution.com - 11/11/2008
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marginalrevolution.com —
There has been recent circulation of the older
view that it is World War II, as a...
kind of giant public works project, which ended the Great Depression. This claim is not consistent with our best knowledge of the subject. To survey the ...
(more)
What ended the Great Depression?
Comments
Blog Reactions
What the Depression Will Be Like
Slope Of Hope with Tim Knight —
I really enjoy the links people post in comments; this one stood out for me as a timely and relevant read about what the forthcoming depression will be like (to be fair, the article is about what it would be like, but I prefer to phrase it as what it will be like, since I feel a catastrophic worldwide depression is absolutely inevitable).
asleep at the screen
toddstrade —
An unbelievably indecisive, choppy session today. Here's what I ended up looking at throughout the day... - A fun SuperObama game - A new and improved condom - The new Blackberry Storm - What the Depression will be like - Test drive the new 3x ETFs - Mark Cuban charged with insider trading - More people out of jobs - after 8 years Japan is back in recession - Goldman execs are such the philanthropists - Haliburton seeks patent for suing "non-inventors" - Congress ...
imagining a 21st c depression
Decline and Fall of Western Civilization —
an intriguing thought experiment from the boston globe.
Boston Globe: What Would a 2009 Depression Look Like?
Fund My Mutual Fund —
... - I'll post a link to the full article but do length I'm actually going to copy the summary from Steve himself. Many of these themes have appeared in our blog long ago - as usual we're early - in fact I'd say this writer must be reading the website... it all sounds quite... familiar ;) ...
Zignals: Depression Investments
Fallond Stock Picks —
... Drake Bennett at Boston.com penned an article on what a new Depression would like to us. In it were some interesting thoughts, and from that, ideas for investments: ...
Assorted links
Marginal Revolution —
1. Indian classical music links, including to YouTube
2. What would a modern depression look like?
3. How to take multiple choice exams
4. The acidity of the ocean is increasing very rapidly
5. Memories
Modern Depressions
Overcoming Bias —
To make you extra thankful today, an excellent summary of what a depression today would look like: The lines wouldn't be outside soup kitchens but at emergency rooms, and rather than itinerant farmers we could see waves of laid-off office workers leaving homes to foreclosure and heading for areas of the country where there's more work - or just a relative with a free room over the garage. Already hollowed-out manufacturing cities could be all but deserted, and suburban neighborhoods left checkerboarded, with abandoned houses next to ...
Related Content
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foreignpolicy.com 3/30/2009 — I n the Great Depression, as in the current economic crisis, the downturn was particularly severe because of a lack of leadership in the international order. The dominant financial power of the 19th century, Britain, was financially exhausted by the ...
The Not-So-Great Depression
online.barrons.com 2/28/2009 — THE GREAT DEPRESSION. THOSE CHILLING WORDS HAVE BECOME something of a staple of economic utterance these days, enjoying promiscuous use by both those dour souls who cry out that the end of the world is nigh and those determinedly smiley types eager to ...
Depression analogies
krugman.blogs.nytimes.com 11/23/2008 — Zero bound worries
Daniel Gross pushes back against analogies with the Great Depression:
Instead of workers with 5 o'clock shadows asking, "Brother, can you spare a dime?" we have clean-shaven financial-services executives asking congressmen if they ...
Paul Krugman: Fighting Off Depression
economistsview.typepad.com 1/5/2009 — Will Congress do what's needed to stop the economy's downward spiral? (Related:
Obama
Plan Includes $300 Billion in Tax Cuts "to win over Congressional skeptics
worried that he was too focused on government spending." Guess who the ...
My Senior Seminar on the Great Depression
austrianeconomists.typepad.com 1/20/2009 — In what was either blind luck or remarkable foresight, over a year ago, I agreed to teach a senior seminar this spring, and I decided to do it on the Great Depression. With the events of the last few months, that has turned out to be a very timely ...
Not the Great Depression 2.0
dmarron.com 5/29/2009 — UPDATE: Please see two related posts: “The Long U” and “A Plane Crash Averted?”
The Great Depression was an unspeakably bad time for the U.S. economy. I know that sounds obvious, but it seems necessary to say given all ...
Five Myths About the Great Depression
online.wsj.com 11/4/2008 — The current financial crisis has revived powerful misconceptions about the Great Depression. Those who misinterpret the past are all too likely to repeat the exact same mistakes that made the Great Depression so deep and devastating. Here are five ...
Call Off Depression 2.0
paul.kedrosky.com 3/18/2009 — Pace my earlier post about an uptick in short-term economic data, here is a piece from Reuters late today. I am still of the view that we have the current rally, potentially to considerably higher levels on relief and better short-term U.S. data, and ...
World Economy Falling Faster Than in 1929-1930
nakedcapitalism.com 4/7/2009 — Barry Eichengreen, an expert on the Great Depression, and Kevin O'Rourke, take issue with the notion that the current downturn is less severe than the Great Depression. While the slump in the US is not as bad, that mis-states the global picture. ...
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