Anything For You All: The Great Depression Was An Absolute Economic Disaster

Your Message Subject or Title

Chart of the Day


	The Great Depression Was An Absolute Economic Disaster We often hear that the we just went through the greatest recession since the Great Depression. However, the Great Depression wasn't just a little bit worse. Later today at the American Economic Association conference, Harvard professors Carmen Reinhart and Kenneth Rogoff will be presenting their paper "Recovery from Financial Crises: Evidence from 100 Episodes." Their paper includes this chart showing how much real GDP per capita dropped during various crisis periods. As you can see, the contraction of the recent credit crisis isn't even close to as bad as the collapse during the Great Depression. Read »

	Also On Markets Today:
	Analyst Predicts A 15-20% Drop In The Stock Market, $1500 Gold, And A Huge Rally In Treasuries This Year All Of The Big Automakers Are Reported Weak Sales In December