Is this the Second Great Depression?

from David Ruccio For some time, I’ve been calling the current crisis in capitalism the Second Great Depression.* Now, it seems, fears of a repeat of the First Great Depression are becoming more widespread. Will Hutton [ht: db] is one example: Eighty years ago, faced with today’s economic events, nobody would have been in any [...]

from David Ruccio Neoclassical economists will go to almost any lengths to prove that the current crises were not caused by inequality. It’s not that their existing models offer much in the way of a convincing explanation of what caused the Second Great Depression. But, of all the possible explanations, the one they least want [...]

Then, when the Fed’s fire hoses started spraying an elephant soup of liquidity injections in every direction and its balance sheet grew by $1.3 trillion in just thirteen weeks compared to $850 billion during its first ninety-four years, I became convinced that the Fed was flying by the seat of its pants, making it up as it went along.

By David Merkel: I enjoyed this book, but it is not a book on investing. Here is my rough breakdown of the book: 40% Ben Graham's childhood 30% Early work experience up until the Great Depression 10% His personal life with family and others.

Submitted by Adam Taggart of Peak Prosperity,

The San Francisco Chronicle notes that it is difficult to keep track of foreclosure rates now … let alone during the Great Depression: