yglesias.thinkprogress.org - 3/16/2009
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The current recession is “the worst since the Great Depression” but it’s still a good deal better than the Great Depression. Justin Fox has a chart that makes the point:
The data’s not directly comparable because farm employment was a bigger deal back then, but ...
curiouscapitalist.blogs.time.com - 3/16/2009
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curiouscapitalist.blogs.time.com —
Writing (and charting) about the latest employment numbers
a couple of weeks ago, I concluded that: It's...
probably still nowhere near as dramatic a chart as the monthly numbers from 1931 and 1932 would make. But the BLS wasn't on the case back then. ...
(more)
On the job front, this is no Great Depression. Not even ...
shrinkwrapped.blogs.com - 3/24/2009
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shrinkwrapped.blogs.com —
Yesterday, in response to the spread of depression
throughout the body politic, Bruce Kesler explained Why I’m...
Not Depressed. I’m not depressed. Mostly because I’m a glass-half-full type, with the life experience that with difficulty and pain has seen ...
(more)
The Treatment of Depression
money.cnn.com - 3/17/2009
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money.cnn.com —
WASHINGTON (CNN) -- The number of Americans who
think another Great Depression will occur within the next...
year is on the rise, a poll released Tuesday shows. Forty-five percent of people questioned in a CNN/Opinion Research Corporation survey said ...
(more)
Poll: More Americans fear a return of the Great ...
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Scritti Politti: March 16, 2009
The Huffington Post | Full News Feed —
... Core Fundamentals: Matt Yglesias compares the unemployment numbers today with that of the Great Depression and concludes: "this is about as close to an apples-to-apples comparison as you can find and the apples of the 1930s were much, much, much worse than our apples." That's a good thing, because back then, people stalked the streets of big cities, selling those terrible 1930s apples, for their jobs. ...
Scritti Politti: March 16, 2009
Politics on HuffingtonPost.com —
... Core Fundamentals: Matt Yglesias compares the unemployment numbers today with that of the Great Depression and concludes: "this is about as close to an apples-to-apples comparison as you can find and the apples of the 1930s were much, much, much worse than our apples." That's a good thing, because back then, people stalked the streets of big cities, selling those terrible 1930s apples, for their jobs. ...
Don’t Compare This With the Great Depression
The Glittering Eye —
... the farm in the 1930s, so nonfarm employment wasn’t quite the all-important indicator then that it is now. Still, it’s clear that the employment downturn we’ve been dealing with, while probably the worst since the Great Depression, is much, much closer in severity to the recessions of the mid 1970s and early 1980s than to the utter disaster of the 1930s. That’s no guarantee that it won’t get worse, of course. But it is useful to know.
Matthew Yglesias, hardly a Republican shill, chimes in:
The data’s not ...
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How is this depression different than the Great Depression?
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Even Worse Than the Great Depression at SmartMoney.com
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Worst Downturn since the Great Depression
delong.typepad.com 3/5/2009 —
This Friday at 8:30 AM EST the Bureau of Labor Statistics will announce the February unemployment numbers.
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Poll: More Americans fear a return of the Great Depression
politicalticker.blogs.cnn.com 3/17/2009 — WASHINGTON (CNN) – The number of Americans who think another Great
Depression will occur within the next year is on the rise, a poll released
Tuesday shows.
Forty-five percent of people questioned in a CNN/Opinion Research Corporation survey ...
Greater Than The Great Depression?
susiemadrak.com 1/21/2009 — This piece from Tomdispatch.com ties in with a friend who called me after Obama was sworn in. “So no coup or anything,” I said.
Yeah, she said.
“What if it’s so bad they didn’t even want to steal the election?” ...
More on WWII and the Great Depression
corner.nationalreview.com 2/18/2009 — Megan McArdle discusses it here. And this came in last night from a historian I know:
I think you are on to something about prosperity/World War II.
WW2 created a false prosperity (with all the unemployed or formerly unemployed in the Army). The ...
What is a depression?
calculatedriskblog.com 3/11/2009 — It seems like the "D" word is everywhere. And that raises a question: what is a depression? Although there is no formal definition, most economists agree it is a prolonged slump with a 10% or more decline in real GDP. Yesterday I heard an analyst say ...
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