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May 07, 2012


Hank Bennett

Irving - I tend to agree with the roundtable participant who predicted another crash in the next few years. History has shown that periods with very high discrepancy between the salaries of the highest executives and the "grunts" of the corporations, coupled with lack of or poor regulation of financial markets, are periods of enormous market volatility. Such was the case just before the Crash of 1929 which set off the Great Depression, and such was also the case just before the onset of the so-called "Great Recession. it is STILL the case, and this alone is enough to make a fairly firm prediction that we will have another crash, perhaps much more severe than the recent one!

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