The Crash

[jackofallgeeks]

This
article, about a financial analyst in California who just killed his family
and himself this week, makes me think: why is it that there never seem to be
any signs? There have been lots of murders and suicides and shootings in
the last decade, and every time it seems like the line is, "there were
troubles, yeah, but nothing that would point to this. This was pretty much
completely unexpected."

Also, yet another comparrison between the current crisis and the 1929 crash
that lead to the Great Depression. To me it seems a bit far to stretch,
but... do you guys get the feeling it's an accurate, or at least reasonable,
comparrison? Are we about to fall that far?

Comments

[dikaiosunh.livejournal.com]

It's unlikely to be the Great Depression. In 1929, we didn't have Social Security and FDIC insurance, and the government response was to refuse to inject capital and instead start a trade war. It will likely be pretty bad, and we may see pretty awful inflation.