Ahead of both the 6th Anniversary of Barataria and my preparations for a book on the economy today, I have been re-reading old posts. This one is from 26 March 2008, before the collapse of Lehman and before many people worried about the economy. It’s important to revisit this point because it explains why many of us were worried back about the last time the DJIA was up where it is now.
This goes to the heart of what makes this a Depression, and why the effects are very long term and big. I hope you enjoy this little trip through history. Thanks for reading!