Wednesday, October 08, 2008

The end of the great depression

So how did the great depression end? Most people understand how it started with the oversupply of money and cheap credit that led to an unsustainable credit driven boom. But how did it end? The short answer is WW2. So if we truly go into a world wide depression how will we come out of it? WW3? It's a scary thought...

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3 Comments:

Blogger C Yohman said...

That's what I have been thinking. Well, it's been nice knowing you Syed.

2:40 AM  
Blogger Kiat said...

scary indeed!

7:24 AM  
Blogger syed said...

Nice knowing you too Chance, I hear investing in gold is the way to go right now.
It is scary Kiat, knowing that we have enough Nuclear weapons, by some estimates, to destroy the world 7 times over.

6:22 AM  

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