Three reasons it’s not 1929

I could be wrong, but let me point out three things that I think about when I hear Great Depression analogies being made to the current crisis. The first thing I think about is that the financial markets of the 1930’s were prehistoric. Yes, the Federal Reserve was in existence, but it was nowhere near as powerful and it hadn’t had any institutional memory (or history) to draw on. Its basic structure was patter...

The post Three reasons it’s not 1929 appeared first on The Reformed Broker.

source https://thereformedbroker.com/2020/03/29/three-reasons-its-not-1929/