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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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From: ajtj994/10/2009 1:19:52 PM
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A Tale of Two Depressions
Barry Eichengreen Kevin H. O’Rourke

Often cited comparisons – which look only at the US – find that today’s crisis is milder than the Great Depression. In this column, two leading economic historians show that the world economy is now plummeting in a Great-Depression-like manner. Indeed, world industrial production, trade, and stock markets are diving faster now than during 1929-30. Fortunately, the policy response to date is much better.


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