Monday, October 13, 2008

Great Depression Brought "Fascism, Stalinism, & WWII"

Written on the cover in large and friendly letters were the words, "Don't Panic."

"Despite the financial losses everyone is experiencing, one of the most disturbing features of crises is the political fallout," warns Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman.

"The Great Depression brought us fascism, Stalinism, and of course WW II. This financial crisis is of sufficient proportions that we should expect some political repercussions. Let's hope there are some lessons we have all learned."

Reporting by Tom Edsall. Full article.

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