Why This Isn't Like 1938 -- At Least Not Yet
Stock prices show we've dodged another depression, but toxic, antibusiness rhetoric and policy errors like the Dodd-Frank bill are hurting the still-fragile recovery.
Stock prices show we've dodged another depression, but toxic, antibusiness rhetoric and policy errors like the Dodd-Frank bill are hurting the still-fragile recovery.
Tariffs against China and failure to extend the Bush-era tax cuts would repeat the worst mistakes of the Great Depression.
An end to RMB instability and a stealth rally in commodities should relieve the air of panic.