"A Tale of Two Depressions"

If you missed this, you shouldn't have. Must reading:

A Tale of Two Depressions

Lots of scary charts etc...

Summary:

Often cited comparisons – which look only at the US – find that today’s crisis is milder than the Great Depression. In this column, two leading economic historians show that the world economy is now plummeting as it did in the Great Depression; indeed, world industrial production, trade and stock markets are diving faster now than during 1929-30. Fortunately, the policy response to date is much better.

That final sentence is comforting, for sure, but I rather fear that future policy responses will not be as sound, once real election politics really kick in. Think Germany.

PS - "To date" maybe sounds like the beginning of an epitaph, yes?: "He was healthy to date..."