Noone around today (I’d wager even Captain, now Colonel, they missed a trick with Major Tom) actually remembers the crash of 1929. It still looms large because it was the first which affected pretty much everyone, rich and (as always) mainly poor. This one different because some lessons of history have actually been learned. Back then, it was seen by many as a useful ‘purge’, and spending and wages were cut until Messrs Keynes and Roosevelt changed things (kids/parents etc.) This time, we’ve had a huge amount of preventative spending which will, again, change things, despite the potential hangover. For the better, I’d say.
“Donald Trump is winning. Business, beware”
There’s a perception that whatever might be the consequences for the rest of the world, Trump as President should be good for business. Surely, as a business man himself, he’d be the friend of Corporate America, and everything, money-making-wise, went pretty well last time around didn’t it?
