Henry Blodget
Yahoo! Finance
June 29, 2010

  • A d v e r t i s e m e n t
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Yesterday, economist Paul Krugman said we’re headed for another Depression. The world’s new obsession with “austerity” will kill the global recovery, Krugman says, and plunge the economy into a double dip.

Could that really happen? Could we really be headed for a repeat of the 1930s?

Yes, says Dan Alpert, managing director at Westwood Capital.

Last year, Dan described the huge stock market rally that followed the March lows as the “greatest sucker’s rally in history.” He also produced a fascinating series of news clippings from early 1930, a few months after the historic market crash of 1929, that showed that market participants in those days had no idea of what was about to hit them.

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