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> where the "safe harbors" were during the Great Depression [...] were that there were no safe harbors

Surely economy and the world economy operates in a completely different way now than it did back them, if not in the US, the very least in the rest of the world? But that's just my intuition, maybe things are more similar than they are different in reality?

> Of course it turned out to be a local maxima

Not to pour salt into your wounds (sorry), suppose your daughters were born 1980-1990 sometime, you really managed to hit exactly the stagnation phase it seems, that sucks but probably true what you say, still had a lesson in there :) I got curious and maybe others are too, especially if you don't usually look at price of commodities so here: https://www.macrotrends.net/1470/historical-silver-prices-10...

[JKCalhoun]

Ha ha, yeah, must have been 2011 when we bought into silver.

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:| I was thinking "Yeah, 1980 probably, then they'd be 20 now, it'd match with the college stuff" and then I thought you were joking with 2011 but yeah, terrible for the same reason :/

[machomaster]

At least during the Great Depression you had independent markets like the USSR. Good luck investing, though. :-) The point about the higher independence of markets still stands. Great Depression was named as such by Americans (just like World Series, etc), but wasn't as global as the name implies.

Nowadays the world's economy operates in even more globalized way and when the biggest players get hit, everyone suffers (1998, dotcom, 2008, covid). That's why the tariff war was such a counter-productive idea; even if you theoretically end up on top, everyone will still lose, including you.