Economic Shock as Big As Depression
Naked Capitalism has a very good post comparing the depression to today.
To summarize: the world is currently undergoing an economic shock every bit as big as the Great Depression shock of 1929-30. Looking just at the US leads one to overlook how alarming the current situation is even in comparison with 1929-30.
I have done a number of posts where I refer to the depression,
Housing was the problem in the depression
Cause for Depression
This next one I comment on the difference in mortgages and this is very important. The structure of the problems that have put the world economy in this mess are different and the are harder to "fix." Some of the solutions from the depression do not exist because of the difference in structure.
Things are Simply Worse then the Depression