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#1
13-04-2020, 03:50 PM
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This is no Great Depression
An honorable member of the Coffee Shop Has Just Posted the Following:
People are comparing the economic downswing to the Great Depression of 1929/1930s and that is just wrong. It is quite unlikely unemployment will exceed 20% and reach close to 30% as last seen in 1930. It is also impossible for the Dow and S&P to lose 80% or 90% of its value as the Fed has many more tools at its disposal compared to that time. What we are seeing is instead panic by financial and economic pundits who seem to have a vested interest in making the outlook seem so dire... This is no Great Depression Click here to view the whole thread at www.sammyboy.com. 
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