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A Tale Of Two Depressions

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The recovery is here.

Historically we can learn nothing from the past, just ask Brown.

He doesn't seem to be all that attached to reality at the moment.

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+1 for the link.

I think talking is good, so heres my take..

falls generally look steeper, maybe markets are reacting faster this time round.

world industrial output is already way over -10% down (thats officially a depression?)

36months of it.. the biggest optimist might say we have another 12months to ride out..

and of course, the unanswered question - houseprices??

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It's definitely an interesting article Injun, but how can they come to the conclusion that just because we're tracking GD1 at the moment we're going to continue to track it, for instance what happened in the early 90's did we follow the trend then?

Surely you'd need info like that to come to such a bold conclusion.

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