The second leg of the great depression was caused by european defaults

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docmims's picture
docmims
Status: Platinum Member (Offline)
Joined: Jun 17 2009
Posts: 644
The second leg of the great depression was caused by european defaults

Interesting article from zero hedge that makes a very good point about our present crisis:

http://www.zerohedge.com/article/second-leg-great-depression-was-caused-european-defaults

I know our trillion dollar bailout will kick the can a little, but not far enough.

Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Re: The second leg of the great depression was caused by ...

Concerning what caused the First Great Depression: There are two pieces that are super: Greenspan's Gold read, for leg #2 down and James Dines Genoa for leg #1 down.

SOS, different century. 

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