For a variety of reasons I believe that an understanding of the Great Depression and its causes are important. The stock market Crash of 1929 and the events leading up to it are particularly noteworthy.
Along those lines, I have always found the American Experience documentary titled “The Crash of 1929” to be of great interest. Although it is less than an hour long, it does a great job of not only explaining various aspects of what happened in 1929, but also provides a tangible “feel” of the “atmosphere” surrounding the period.
There is much that is noteworthy in the documentary.
The Crash of 1929 serves as a reminder of how devastating epic “crashes” – and their aftermaths – can be.
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1353.22 as this post is written