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“The European Union warned the U.S. yesterday against plunging the world into depression by adopting a planned “Buy American” policy, intensifying fears of a trade war, the Times of London reported.” This from a recent article on Fox News. I’m a little concerned that the Democrat led Congress even considered this, since it’s one of the major [...] Don't end up living in a Shantytown when the economy heads south. There has been much speculation as to whether the recession of 2008-2009 will become another Great Depression. I’ve made my views on the subject in my post: Why the Recession of 2008 is More Like the Great Recession Than the Great Depression. I [...] Unemployment during the Great Depression went over 25% To understand why the economic recession of 2008-2009 is more like a Great Recession than the Great Depression, it is best to look at the Great Depression and compare and contrast with current conditions. While there is no single, agreed upon cause for the Great Depression, there are [...] |
 
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