Wall Street fears for next Great Depression

Re:Wall Street fears for next Great Depression by admoin on Sunday March 16, 2008 @09:47PM (#138595)

I'd agree it's not even close to Hacker News per se, but this is a big enough deal I'd say it belongs.

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Re:Wall Street fears for next Great Depression by tim2 on Sunday March 16, 2008 @11:48PM (#138648)

The prediction of "a 1930s-like Great Depression" removes all credibility from the article. Why should I even continue to read after that?

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Re:Wall Street fears for next Great Depression by Prrometheus on Monday March 17, 2008 @12:21AM (#138679)

While I believe there is no evidence that a "1930's-like Great Depression" is in the offing, I can't recall a crisis in US financial markets as significant as this since the 1930's. The comparisons are premature but not unfounded.

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Re:Wall Street fears for next Great Depression by michaelneale on Monday March 17, 2008 @02:53AM (#138753)

You can recall the 1930's? that is impressive ;)

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Re:Wall Street fears for next Great Depression by jdavid on Monday March 17, 2008 @11:22AM (#138951)

my grandma can, but she does not have an account on hacker news. actually my great great grandfather made a fortune in the depression, well, immediately after it.

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Re:Wall Street fears for next Great Depression by jsmcgd on Monday March 17, 2008 @08:59AM (#138882)

"a 1930s-like Great Depression" is a quote from an economist not a sensationalist spin put on the report by the journalist.

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Re:Wall Street fears for next Great Depression by admoin on Monday March 17, 2008 @12:13AM (#138668)

I agree it is an inapt comparison, but the article is a good read if you construe that phrase as "a really, really bad global recession" rather than an attention-grabbing historical reference.

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Re:Wall Street fears for next Great Depression by michaelneale on Monday March 17, 2008 @12:10AM (#138665)

But if true - will top hats be in fashion ? (or is my historical knowledge of fashion waaaay wrong). Could be a killer time to be in the top hat business.

/satire

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