WSJ: Five Myths About the Great Depression

Are we sure we even understand the last financial calamity? It has only been 80 years, have we had enough time to sort it out?

Seems to me that the new, and as yet not fully understood, factor for the US is the soaring and concentrated foreign debt we owe to China.

http://www.wsj.com/article/SB122576077569495545.html