The Greatest Depression Since The Great Depression

The Mini Depression

Economy keeps moving along

I keep hearing about how we are coming out of the greatest depression since the Great Depression. Anyone that lived through the Great Depression has to realize how ridiculous this comparison.   Why do I say this?   Do you know how long the Great Depression lasted?

It started in the 1920′s and ended in 1945 at the close of World War II.

That’s a time period of 25 years and a World War.   TWENTY FIVE years and a Second World Wars.

There is evidence the mini “depression” of the global economy started in 2007 with the collapse of the Mortgage industry; starting with First Magnus right here in Tucson.   Who Says Tucson isn’t important, we are the Fort Sumter of The Greatest Depression Since The Great Depression.   The shock   wave of collapse heard round the world.

There is no comparison.

Take a few minutes and read through this Timeline of the Great Depression

Now think about what we/you have been through in the past 18 to 24 months.   If you didn’t read the timeline above go do it now.

Does anyone honestly think the past couple of years is any more than a nano depression compared to that timeline?

Yes, there are comparison, Yes, there are similar events, it is a Depression Time line.   Even a mini depression will follow a similar timeline.   But that’s not the point.   Living through a couple of rough years can not be compared to the Great Depression Time line.

My Father was born in 1922.   Through out his childhood the only economy he knew was a depressed economy, the world was headed into a second World War.   A war in which he would server.   From the time Dad was born until after he was 25 years old the only world economy he had known was a depressed economy and a World War.

I’ve lived through a couple of recessions.   Most of the time I was so focused on feeding my family and providing the basic necessities for them I didn’t even know there was a recession.   I knew times were rough, but we did what we had to so we could provide.

All economic indicators at this point show we are headed into economic recovery globally.   For this I think we are all thankful.   We are all looking for a stronger economy for our nation and ourselves in 2010.   But to compare this experience to The Great Depression is to show our ignorance of history.   It is also demeaning to compare our experience now to what the Depression Kids and their families experienced.

We should all be thankful if this is the worst it has been since.