On today’s show I take exception with a comment made by Ben Bernanke on CNBC that the current panic in the markets has the feel of a major snowstorm not the Great Depression of the 30’s. I grew up in upstate New York and know all about school closing snowstorms. Believe me SIR, you are an IDIOT. But weren’t you the one who said house prices NEVER went down nationally?
I also look at the sameness of a bursting bubble whether now or in 1929.