This is what I'm afraid of:
Unlike 1929... we don't have overcapacity in manufacturing, we have "just in time" and "global supply chains"
Unlike 1929... we don't have the world's largest oil reserves, we're the biggest importer
Unlike 1929... we don't have a currency backed by gold
Unlike 1929... we don't have a first class railroad infrastructure
Unlike 1929... we don't have working mass transit for most cities
Like 1929... we do have a banking industry that went out of control
Like 1929... a lot of people have their life savings tied up in paper assets (stocks)
Like 1929... people think that things are only going to take a minor dip and keep going up
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