[…] Ronan Lyons | Blog put an intriguing blog post on Protectionist backlash or falling consumer demand: Is the world in danger of deglobalization?Here’s a quick excerptWhat if unemployment in Ireland reaches 25% next year? What if GDP falls a quarter between 2007 and 2012? The spectre of the Great Depression looms over us large at the moment and there has been much commentary of late – see for example Robert Samuelson’s recent blog post – on whether and how our current global recession/depression compares with the last one of similar scale, that of the 1930s. Is it pointless spooking of the public or is it a relevant comparison worth exploring further? Rec […]
In comparing 2008-9 with 1929-and-all-that, so far *everything* seems to be accelerated this time. For this reason, if for no other, your first chart does not bother me.
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[…] Ronan Lyons | Blog put an intriguing blog post on Protectionist backlash or falling consumer demand: Is the world in danger of deglobalization?Here’s a quick excerptWhat if unemployment in Ireland reaches 25% next year? What if GDP falls a quarter between 2007 and 2012? The spectre of the Great Depression looms over us large at the moment and there has been much commentary of late – see for example Robert Samuelson’s recent blog post – on whether and how our current global recession/depression compares with the last one of similar scale, that of the 1930s. Is it pointless spooking of the public or is it a relevant comparison worth exploring further? Rec […]
Fergus O'Rourke ,
In comparing 2008-9 with 1929-and-all-that, so far *everything* seems to be accelerated this time. For this reason, if for no other, your first chart does not bother me.