Does history repeat itself?
Here are some trends of the Roaring 20's before the Great Depression.
1. New Federal Reserve in 1914
2. Post World War I Inflationary Pressures
3. American Protectionism
4. 10-year boom with a 34% increase in GDP over nine years and a 200% increase in capital investment infrastructure spending
5. Residential and Commercial Real Estate Boom
6. 10-year bull market, investment speculation and investing on margin
7. Severe Recession in 1920 followed by a nine year bull market
8. Relatively low interest rates
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