Doug Casey's 30 years experience in the resource business give him a rare and deep knowledge of this sector. More importantly, however, is that he is the most instinctive contrarian I have ever met and that, in my opinion, is the key to his remarkable success as a speculator - Rick Rule, Global Resources
In This Section
Are We Better Off Than We Were In 1929?
For Immediate Release
November 24, 2008
November 24, 2008
Contact: Kevin McVicker
Shirley & Banister Public Affairs
703-739-5920/800-536-5920
kmcvicker@sbpublicaffairs.com
Shirley & Banister Public Affairs
703-739-5920/800-536-5920
kmcvicker@sbpublicaffairs.com
ARE WE BETTER OFF THAN WE WERE IN 1929?
Facts Show Looming “Greater Depression”
Stowe, VT – On the anniversary of the 1929 stock market crash, Casey Research experts have analyzed whether or not the 2008 financial crisis is worse than the events that led up to the Great Depression.
“The current turmoil could be the sign of a long-term recession,” said Olivier Garret, CEO of Casey Research. “The meltdown of the banking and credit sectors are already hampering the economy and are over-relying on government intervention to work properly.”
“Casey Research predicted this crisis four years ago and we are actively seeking solutions and opportunities for investors to make intelligent decisions,” Mr. Garret.
“The current turmoil could be the sign of a long-term recession,” said Olivier Garret, CEO of Casey Research. “The meltdown of the banking and credit sectors are already hampering the economy and are over-relying on government intervention to work properly.”
“Casey Research predicted this crisis four years ago and we are actively seeking solutions and opportunities for investors to make intelligent decisions,” Mr. Garret.
Major differences of the 2008 and1929 crises include:
- Government Response: Government response to the 2008 crisis has been faster than 1929, however, the 2008 crisis was easier to predict.
- Threat to World Order: In recent weeks, foreign financial markets and currencies have been falling and a worldwide recession is looming.
- Speed of Information: Today, information spreads so quickly in real time that it induces panic among investors.
- Availability of Credit: Credit has been less available for major purchases or business expansion.
Casey Research continues to monitor economic and market developments and produces unbiased, actionable investor information. Please go to www.caseyresearch.com to find out more.
Casey Research is a team of highly experienced investors and trained economists who spend countless hours researching powerful economic trends and the very best ways to profit from same. Their clientele is made up of individual and institutional investors who share the costs – through subscription fees - in exchange for unbiased research and information they can use in managing their portfolios to produce above-average returns.
To obtain the complete report or to schedule an interview, please contact Kevin McVicker with Shirley & Banister Public Affairs at (703) 739-5920 or kmcvicker@sbpublicaffairs.com.
###
###
