Not sure stonks. The Great Depression lasted from 1929 to 1941 after the over exuberance, then the Stock Market crash, and the remedy was for governments to switch off spending and leave people to starve. Roosevelt's 'New Deal' putting people to work on public projects and the Second World War putting young men into paid employment spelt the end of it. When the recent pandemic came about they were trying to do everything to avoid the earlier experience, but they now know that they overshot the mark and the combination of putting 'welfare' money out there and reducing interest rates too much left us where we are. I reckon there's enough experience out there to believe that next time they would choose a happier medium.
A lot of corporations and people took advantage of the overly generous welfare and economic conditions to make hay whilst the sun was shining. Now we in this forum are dealing with crop failureI think it would be different if there was a next time.
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