this is 1929 repeating, page-8

not a good idea, not a good idea

saying this will downramp the market. it might be good for people who have cash and want to buy cheap but it is not good for people like Mums and Dads who are invested in shares already.

Haven't they suffered enough?

In anycase this is nowhere near anything like 1929

about 10,000 banks went under then
I think only 20 or so have gone under this time

also the government response around the world has been pretty swift and coordinated

Back in 1929 there was no coordinated response on behalf of government and reserve banks to protect the banks, boost spending and cut interest rates

I think at one stage the US actually raised interest rates and that made the situation worse.

comparing now to the great depression is just straight out irresponsible and probably self seeking.