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Old 08-12-2008, 09:23 AM
 
Location: Alvarado, TX
2,914 posts, read 4,308,834 times
Reputation: 800

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For the folks round these parts who are constantly harping about a hard recession at hand, here ya go.

Quote:
ARROYO GRANDE, Calif. (MarketWatch) -- Yes, a depression. Spelled: D-e-p-r-e-s-s-i-o-n. Wake up America, recessions don't work any more. Why?

Get serious folks. We had a 30-month recession not long ago. Eight years later the market's still barely at its 2000 peak, a loser. Worse, we're back in a new recession. But Washington politicians are keeping it a secret, feeding us doctored feel-good statistics as legendary political historian Kevin Phillips wrote in "Numbers Racket: Why the Economy is Worse Than We Know."
Seven reasons America needs a 'Good (not Great) Depression' - MarketWatch
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