2 years of growth I.e. like 80% of supposed Trump growth erased as of today.
In 1929 some of the problem was people bought on margin. So they panicked, causing further problems. Also “poor” was a lot different back then, a cascading effect as people lost their jobs and couldn’t buy, causing others to lose their jobs.
Things are drastically different, in part because the 1929 crash caused better infrastructure. Also, there are limits on the stock market that kick in so things have to pause.
Panic causes panic, nobody wanting to be left out. There may be short term.losses, but things will more or less recover. It just depends on how much time you have.
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