In a new book launched on the 80th anniversary of Black Tuesday, the infamous stock market crash of 1929, author Vox Day sounds the alarm: “The Great Depression is back!”
“It is not over. It has only begun.” That is Vox Day’s shocking warning to readers in the introduction of “The Return of The Great Depression.” The economic downturn we are experiencing will get worse before it get’s better. Much worse. What makes his warning so believable is that seven years ago he predicted the collapse of the housing market and the destruction of the financial services industry.
Day believes that we are only now entering the early stages of the Second Great depression. He offers a detailed analysis of the economic and monetary policies of the last several years to show why ideologues on both the left and the right didn’t foresee this economic calamity.