People are starting to make nervous jokes about pulling their money out of shaky U.S. banks and stashing it under their mattresses instead.... It is real - so real it risks turning the emerging recession into the biggest economic nightmare since the Great Depression of the 1930s.

``My own view of this tends to be apocalyptic - that we are on the threshold of a '30s-like experience,'' said David Cates, chairman of Ferguson & Co., bank consultants based in Dallas.

Pointer Calculated Risk

Previous entry: Worst year ever ... so far
Next entry: Panic antidotes

Back to Martin's View main page