The comparison to the 1920's and today are everywhere and since my profession is real estate I tend to hear this alot.
Banks are going under, Americans are waiting in lines for jobs and it really is bleak . All of this depression talk is causing folks to be depressed...clinically I mean !
Stock of the drugs company's making these anti depressant look good now. (this may be a good time to buy stock in Merck,Pfiser and who ever else provides these pills). Remember penny stocks?
In the 20's people were forced to live with their relatives...without reality tv,videos,computers,cell phones,appliances and cars. That is NOT likely to happen again ... there are just some things that Americans wont do.
People grew there own food-now this is a good idea ! However we may not have houses with yards or even houses (there was no mortgage sub prime meltdown in the 20's). So a trip to the grocery store is more feasible.
In the 20's simple pleasures were canning jams ,playing the guitar on the porch,and reading the good book.
Church and god are popular again (for some of us it always was) but in 2009 we want to connect to a power greater than our selves and praying just seems right now.When all else fails...PRAY.
We may not be jumping out of windows but the call of nature (beach,lakes,parks and playgrounds) are are simple pleasures again.
Back to the depression issue..we live on drugs to keep us healthy,drugs to keep us slim,drugs to help with pain ,drugs to make us lose weight but yes the real difference between depression then and depression now is a visit to your local pharmacy...
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