>Not to say it can't happen, but there are quite a few new institutional and regulatory safeguards that (in spite of the attempts by some to neuter them) exist

>Not to say it can't happen, but there are quite a few new institutional and regulatory safeguards that (in spite of the attempts by some to neuter them) exist now that did not exist pre- and during the great depression that make such a thing happening again, or to the extent that it did, quite hard. So it's interesting. 1 of the key rules is that you cannot borrow money to invest. You know what ive never seen all my life until recently? THAT! My bank and others that have nothing to do with me have been advertising, 'you can borrow $5000 to get your investment fund going!' People said the reason the great depression happened was stuff like this. I personally dont expect it's a depression level event. I think most people were hoping for this because it's better than extreme inflation like the 1980s. HArdly a prediction given inflation is so high already.