I think Japan was the China in the 70s, right? Also, US' economy was not a greater part of the world economy back in the 30s. When the crisis struck, confidence is the most important. And I believe China and India will not have any more confidence than here. Remember their foreign reserves are...
I would mostly agree as I hate socialism. But I also think it is unavoidable because no one wants to go through the 1930s again. And that is precisely why FDIC and Fed Reserve are for. However, the protection has been extended way beyond what is reasonable, I think. From what I can gather, seems...
When I was browing Forbes, this paticular paragraph scares me:
<blockquote>If we put this in terms of the equity market, our structural bear market that began in 2000 was much more like the 1929 to 1942 event than it was the 1966 to 1982 structural bear market, which was characterized by...