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zh<>Compare And Contrast To The Great Depression: In Three Parts

Submitted by Tyler Durden on 08/29/2011 21:25 -0400

Great Depression
Recession



Every year, at about this time (roughly just before the Fed launches on yet another monetary easing crusade) we get requests to decompose current events into their constituent pieces and present these in parallel with the period in time between 1929 and 1939 better known as the Great Depression. Obviously, doing so in its entirety would require at least a fat paperback, and considering that the average Zero Hedge reader has an attention span that is very stretched when presented with a lengthy bullet point, we fear such efforts may be lost on most. Furthermore, why reconstruct the wheel when it was precisely a year ago (and remember: 2011 is a carbon copy of 2010, so it is effectively yesterday) that Guggenheim's Scott Minerd did just that and in a far more politically and grammatically correct way than we ever could, not to mention with that many more pretty charts. So without further ado, here is Scott Minerd's compare and contrast of the Second Great Depression (the one we are now debating whether or not it has become a recession or not once again) to the original source.

Guggenheim Partners, LLC

Part 1: ‘Compared to the Incomparable’ (pdf)

Use Link for 3 Parts or click out for the pdf

http://www.zerohedge.com/news/compare-and-contrast-great-depression-three-parts