“Many economists have already compared the years 1929–1932 to those of 2007–2009, and the current period of recovery to the time period 1933–1939. It was only a matter of time before they began to look for a comparison between the recession of 1937 and a potential ‘double dip’ today. The 1937 recession was preceded by a decrease in deficit spending and an increase in the reserve requirements of banks by part of the Federal Reserve.” (02/02/10)