NJ5 on 10 October 2008
| bigjon said: Ok, my point was this crash is not any worse (so far) than the 1987 crash. We recovered from that just fine. We had a recession in 90-91, but we then made it to the 90's. The feds job is to minimalize the lows of the business cycle, they failed this time. It was be a bad recession, not a depression. If you look back at 1929 you will few similarities... the only common factor is market losses. (a in the 20's they did have isolated housing market crashes)
|
You're focusing too much on the stock market... This crisis is about much more than that, especially the credit market problem AND housing.
My Mario Kart Wii friend code: 2707-1866-0957
