On Jan 20, 2009, at 3:46 PM, Carrol Cox wrote:

It will be a
year or two before we know whether we're facing a depression or not,
during that period people will continue to be a bit or more than a bit
scared

Speaking of which, how long did it take people to realize that things were getting really dire in the early 1930s? I seem to remember that it was shrugged off at first.

Doug
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