The Great Depression vs. The Great RecessionSubmitted by Smaulgld.com on Wed, 08/20/2014 - 18:24
The Great Depression taught savings- the Great Recession teaches speculation
20:00- 21:50 discussion how the stock market continues to rise on any news, good news, no news or bad news. The stock market is viewed as a barometer for the health of the economy. The current stock market is based on speculation. During the Great Depression, people learned thrift and savings. During the current Great Recession, people borrow and speculate.