10 May '11, 1pm

Why the next crash will be even worse | David Boyle

A whole range of price increases are being reported that are unsupported by economic fundamentals, ranging from US farmland to Israeli biotech to Australian housing. Speculation in commodities and food has been soaring. Junk bond issues are now at their highest ever rate. The same thing happened after the 1929 Wall Street Crash. The share market rallied into 1930 and then crashed again, and this time by over 80 per cent – and it was this second crash which guaranteed the Great Depression.

Full article: http://www.neweconomics.org/blog/2011/05/10/why-the-next-...

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