I found this comment to be especially noteworthy:
"The newfound interest in the likes of Keynes and Hayek makes sense, too—their ideas were shaped by the Great Depression, which is the last time things were worse than they are now (for the U.S., anyway)."
Ever since the onset of the “Financial Crisis” there have been many prominent people who have indicated that they believe our current economic situation similar to that of The Great Depression. I have written of these comparisons on numerous occasions. As I said in the July 13, 2009 post, “…although our current period of economic weakness does have similarities to that of The Great Depression, there are notable differences as well. To believe that both situations are very similar, and by acting accordingly, imperils our economic situation.”
A Special Note concerning our economic situation is found here
SPX at 1283.35 as this post is written
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