Replies to post #32689 on Your Economy (No Politics) (YE1)

[QuickTrade]

Unemployment Rate Chart Similarity:

I just look at the chart and very amazed how similar it is to the Great Depression. It wasn't until 3-4 years later we peaked at 25% unemployment rate.

So if thats happening now it puts us at 2012 25% unemployment rate which is the doom year everyone is talking about.

Lets not forget, population is more so 6% today is far worse than 6% in the 20's.

[Bullwinkle]

They, as in the Fed, argue that the crash of 1929 could have been averted if they only had printed "mad money". Our current masterminds use this excuse to avoid the inevitable and control markets instead of letting them flow on their own volition.