When the “Great Recession” hit, many comparisons were made with the “Great Depression” (see Eichengreen and O´Rourke Vox columns which according to the editor shattered all Vox readership records with over 450,000 views). Eight years after the 2007 peak, now there are “reminders” of 1937, also eight years after the 1929 peak!
Robert Samuelson has a piece:
How fast should the Federal Reserve tighten monetary policy? Should it tighten at all? I recently wrote about these issues but didn’t have the space to explore a fascinating aspect of the debate: the mostly forgotten 1937-38 recession. To many, it’s a cautionary tale against adopting tighter policies too soon. The latest to sound the alarm is Ray Dalio, the respected founder of Bridgewater Associates, a huge hedge fund group. His recent memo to clients inspired a Page 1 story in the Financial Times, headlined “Dalio warns Fed of 1937-style rate risk.”
And…
View original post 592 more words
Utopia, you are standing in it! 
Recent Comments