Marker
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Marker

This Looks Like a Depression, Not a Recession

Until we have a vaccine, we are barreling toward economic catastrophe

A black and white archival photo of a man standing in front of a door. The sign on the door says: ‘NO WORK. DON’T APPLY.’
Photo: National Film Board of Canada/Getty Images

JJust weeks after the stock market crashed in 1929, President Herbert Hoover assured the country that things were already “back to normal,” Liaquat Ahamed writes in Lords of Finance, his Pulitzer Prize-winning history of the financial catastrophe. Five months later, in…

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Steve LeVine

Steve LeVine

Editor at Large, Medium, covering the turbulence all around us, electric vehicles, batteries, social trends. Writing The Mobilist. Ex-Axios, Quartz, WSJ, NYT.