Reply #10: well, not reall that far removed... [View All]

[ixion]

although I doubt it will do any good, here goes:

-- both periods followed a hyper-inflated run up in the stock market.

-- both periods involved a real estate bubble.

So, just for starters, there is a valid comparison to be made. However, I've also heard arguments that is could be more similar to the lesser-known depression in the late 1800's.

The difference this time, though, is that our manufacturing base has been decimated. And there is no way in hell a "service economy" is going to pull us out of the ditch.