the asx in 1929 ... the real story, page-20

  1. 14,055 Posts.
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    worth reading as much as possible about the great depression

    probably one of the most relevant topics around

    ben bernanke did his Phd on it didn't he?

    good pt about the second world war

    perhaps we might need something as dramatic as a war to pull us out of this funk

    one thing is that the longer that countries stayed with the gold standard the longer they stayed in recession

    benankie says we will be on the way to recovery by the end of the year

    he would say that
    could be wrong
    one thing is certain the government is spending, running deficits and guaranteeing bank accounts

    three things that they didn't do back in 1929

    assuming government action works we could be on the mend.

 
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