While I believe there is no evidence that a "1930's-like Great Depression" is in the offing, I can't recall a crisis in US financial markets as significant as this since the 1930's. The comparisons are premature but not unfounded.
my grandma can, but she does not have an account on hacker news. actually my great great grandfather made a fortune in the depression, well, immediately after it.
I agree it is an inapt comparison, but the article is a good read if you construe that phrase as "a really, really bad global recession" rather than an attention-grabbing historical reference.
But if true - will top hats be in fashion ? (or is my historical knowledge of fashion waaaay wrong). Could be a killer time to be in the top hat business.
I agree. Journalism shouldn't be about affecting the outcome of our subject. That's just what this and other crap that predicts the future does, it makes it that much more likely that it will happen. Financial markets are all about confidence, and if enough "journalists" predict this, it will happen. The ensuing panic will cause sell offs that will trigger a landslide.