
Originally Posted by
YardleyLabs
There is no question about it. Two years ago we were in an economic crash that had no apparent bottom. Our banking system was on the verge of collapse. It seemed we faced a future similar to that our ancestors faced in the Depression: massive loss of wealth, unemployment of 20-30%, no auto industry, and a DOW that seemed likely to challenge the wrong side of 5000 (simply read UB's prognostications at that time).Our economic situation now is not good, but it is a lot better than it was then.