Tag Archives: Depression

How could this be happening? In the modern era, the most extreme terminology permitted in polite society for describing an economic downturn is “recession”. Although there was a 10-year period, well-known as the Great Depression, the word Depression has been banished by financial industry word-police for many years. Apparently, the 1930s were, until now, considered an anomaly which could not re-occur, because now we have modern hedging technology, incomparable market liquidity and much improved government supervision, among many other reasons. So, what went wrong this time? How could the damage be so colossal? After all, until very recently, business was … Continue reading →