Tuesday, May 24, 2016

The Crash That Cured Itself
The Forgotten Depression tells of the slump of 1920-21: high unemployment, collapse in commodity prices, upsurge in bankruptcies & sharp break in stock prices. Unlike the Great Depression, the 1920 affair was over in 18 months. What explains its brevity? James Grant* is founder of Grant’s Interest Rate Observer  .. 58 minutes

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