smartmoney.com - 3/7/2009
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Over the last couple years I loved to ridicule all the scaremongers who always said this, that or the other thing is the worst since the Great Depression. I stand by my ridicule, for the most part -- those prophets of doom were mostly broken clocks who look right now just by sheer luck. But ...
gatewaypundit.blogspot.com - 3/7/2009
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gatewaypundit.blogspot.com —
Several economists agree that Obama inherited a bad
situation and made it much worse. Click to Enlarge...
Here is a chart that shows that the current economy is tracking right with the Great Depression. Here's another article by an Obama-supporting ...
(more)
Today's Obama Economy Worse Than Great Depression
newsandsentinel.com - 3/9/2009
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newsandsentinel.com —
PARKERSBURG - Many wonder how they will get
by if the current economic times get worse, but...
for those who lived through the Great Depression, self-sufficiency was the key during the hardest of times. "It was a different world then," said H.C. Stanley, ...
(more)
Surviving the Great Depression - NewsandSentinel.com | ...
calculatedriskblog.com - 3/11/2009
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calculatedriskblog.com —
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 ...
(more)
What is a depression?
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Today's Obama Economy Worse Than Great Depression
Gateway Pundit —
Several economists agree that Obama inherited a bad situation and made it much worse. Click to Enlarge Here is a chart that shows that the current economy is tracking right with the Great Depression. Here's another article by an Obama-supporting economist who is disillusioned with the Socialist in Chief. Donald Luskin at Smart Money reported, via Free Republic: Today's stock market isn't just the “worst since the Great Depression,” like they're ...
Gates of Vienna News Feed 3/8/2009
Gates of Vienna —
... Even Worse Than the Great Depression by Donald Luskin Over the last couple years I loved to ridicule all the scaremongers who always said this, that or the other thing is “the worst since the Great Depression.” I stand by my ridicule, for the most part — those prophets of doom were mostly broken clocks who look right now just by sheer luck. But there’s no question now that things have gotten quite bad in the economy and the markets. So let me do the preachers of Armageddon one better. ...
Related Content
How is this depression different than the Great Depression?
themoderatevoice.com 3/6/2009 — There, I said it. We are in a depression. Not a recession but a depression. We haven’t yet hit the textbook definition of a “depression”: a fall of GDP by 10% over three years along with a 10% unemployment rate. But we are fast approaching the official definition.
And ...
Great Depression
julescrittenden.com 3/9/2009 — A couple of comparisons, macro and micro, at the Boston Herald.
A Great Depression
neptunuslex.com 3/9/2009 — The political news is so bad these days, it’s depressing even to consider it, not to mention putting finger to keyboard. Laugh if you will about Secretary of State Hillary Clinton going to Moscow with a mislabeled “reset” gag gift, ...
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?” ...
Current Job Losses: Not as Bad as the Great Depression
yglesias.thinkprogress.org 3/16/2009 — 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 ...
Going to Be Worse
eschatonblog.com 3/10/2009 — Sadly I think they're still being somewhat optimistic. March 10 (Bloomberg) -- The U.S. jobless rate will reach 9.4 percent this year and remain elevated through at least 2011, threatening the nation’s longer-term growth potential, a monthly ...
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 ...
Michael Barone : The Real Lessons of the Great Depression
townhall.com 2/17/2009 — "Not since the Great Depression." "Not since the 1930s." You hear those phrases a lot these days, and with some reason. As Congress prepares to pass the Democratic stimulus package, it may be worthwhile to look back at Franklin Roosevelt's New Deal ...
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.
It is overwhelmingly likely that the current downturn-in-progress will then surpass the united 1979-1982 downturn as the worst downturn ...
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