Depression Citations > 'Finance'

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Our Depression index—and the parallels | 1929 and all that | The Economist

Citation added: October 3rd, 2008, 4:47 pm
How today’s financial crisis resembles the one that happened three-quarters of a century ago, and how it does not
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Economic Scene - Lesson From a Crisis - When Trust Vanishes, Worry - NYTimes.com

Citation added: October 2nd, 2008, 8:06 pm
The crucial point is that a modern economy can’t function when people can’t easily get credit. It takes a while for this to become obvious, since most companies and households don’t take out big new loans every day. But it will eventually become obvious, and painfully so. Already, a lack of car loans has caused vehicle sales to fall further.
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