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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: pogohere who wrote (76158)12/20/2006 1:17:23 AM
From: CalculatedRisk  Read Replies (3) of 110194
 
There were plenty of people warning of a stock bubble, but I don't think anyone predicted the severity of the Great Depression.

I don't see the current situation as anything compared to '29. Maybe we will have a recession. Maybe even a severe recession. But I doubt we see anything like even the early '80s recession when unemployment peaked at 10.8%, much less the Great Depression when unemployment reached 29%.
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