Comment Comment by brenden2 A lot of people comparing this to 1929, but there are a few things that are substantially different:* unprecedented scale and speed of QE and government stimulus* the Federal Reserve has stated they will provide "unlimited QE"* the markets are a lot more efficient now than they were in 1929* in the 1930s, credit and banking was, in many ways, still in its infancy* today's widely available technology was science fiction in the 1930sPS: There's an interesting documentary on YouTube about the Great Depression, part 1: https://www.youtube.com/watch?v=bCEJ65H_1XE part 2: https://www.youtube.com/watch?v=gO42ZfCN9ug. It's worth watching if you want to understand what happened in the 1930s. parent brenden2 6 years ago
* unprecedented scale and speed of QE and government stimulus
* the Federal Reserve has stated they will provide "unlimited QE"
* the markets are a lot more efficient now than they were in 1929
* in the 1930s, credit and banking was, in many ways, still in its infancy
* today's widely available technology was science fiction in the 1930s
PS: There's an interesting documentary on YouTube about the Great Depression, part 1: https://www.youtube.com/watch?v=bCEJ65H_1XE part 2: https://www.youtube.com/watch?v=gO42ZfCN9ug. It's worth watching if you want to understand what happened in the 1930s.