Does Today's Long Boom Mean We’ve Forgotten the Lessons of the Great Recession?

Wall Street has infamously had its share of ugly Octobers, so Alison Southwick and Robert Brokamp chose this month to offer their listeners a special treat: a four-part series on the history of market crashes in the United States.

In this segment of the Motley Fool Answers podcast, guest and former Fool Morgan Housel helps them wrap things up with a post-mortem on the downturn we all think we know best, because it's so recently behind us: the Great Recession. And speaking of "behind us," it's necessary to mention that for large swathes of America, it really isn't. Despite low core unemployment, a bull market in stocks that has shown amazing stamina, and potent housing rebounds in many markets, the country's economic reality today is very much two realities.

A full transcript follows the video.

Source: Fool.com