|
||||||
|
|
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 [...] I am SO confused. According to the AP (and others) the U. S. economy has been in a recession since about Q4 of 2007. But just today they report: “Bernanke: Recession more likely without bailout.” Q: How can we enter a recession without a the government bailout of wall street if we’ve been in [...] Of course it’s the AP, so we need to hack our way through the misdirections, doom-and-gloom adjectives and distractions to get the real point: “Last year the economy grew by 2 percent, the weakest showing since 2002.” They can’t resist throwing in ” weakest showing since 2002″, thus sidestepping the real fact that a [...] There’s actually been some speculation recently in the media that the U.S. might “dodge” a recession. Personally, I’m quite surprised by this. How can we dodge something that we’ve been told we’re in the middle of for 6+ months? I guess I’m really more surprised that the media is changing “moderating” its story. I [...] |
 
|
||||
|
Copyright © 2010 Simple Debt-Free Finance - All Rights Reserved |
||||||
Popular Posts