The Depression & Today's Economy: Is it Panic Time?

http://www.consumerwarningnetwork.com/2008/10/31/todays-economy-the-depressio... Are we headed for another Great Depression? Record foreclosures, bank failures, rising unemployment, stock market uncertainty. Sounds like the Great Depression, but does it really compare? CWN's Angie Moreschi takes a look at then and now.

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News & Politics

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• aig
• bailout
• bear
• bill
• crisis
• depression
• downturn
• economic
• economy
• foreclosure
• great
• henry
• lehman
• paulson
• stearns

[88888FORCE]

US Stocks Slump,

DJIA Posts Worst Two Days Since Nov. '08

Sept-22-2011--NEW YORK (Dow Jones)--Investors staged a global flight from risk Thursday that sent the Dow Jones Industrial Average to its worst two-day point drop since November 2008, after a gloomy outlook by the Federal Reserve renewed fears of an economic slowdown.

The Dow Jones Industrial Average fell 391.01 points, or 3.51%, to 10733.83, for a two-day loss of 5.92%. Investors barrelled out of stocks and into "safe" assets.

[emuguy2003]

CLOCK IS TICKING INTERRACIAL COUPLES 5 TO 6 YEARS.

[emuguy2003]

America was created to be a country of wealth on the divided lines of Mexico. White men sent black people over here to be slaves right. In today's time they are trickery people to deal with.

True white women and hispanic women enjoy their Black companion now. After China takes complete charge along w/ Mexico in this country.

It will suck BIG TO HAVE AN INTERRACIAL RELATIONSHIP W/ HISPANIC OR WHITE WOMEN TO BLACK MEN

[emuguy2003]

Why won't the statistics show higher unemployment above 25%? Very simple we Americans don't keep track of unemployment like we used to. People are receiving unemployment checks allot less longer then they used to.

Half the Country today is receiving Disability. Why was Barrack Obama elected as president? It's simple really, "American's have a homeless state of mind today."

America is the worst it has ever been and who supports America the most. The answer is, "Mexico."

[ajgolfer1]

i love these journalism majors talking about economics

[soylentgreenb]

The real crisis hasn't happened yet. The real crisis comes when the US government is no longer able to run trillion dollar deficits with no end in sight.

When that happened the government has to cut back expenditures by 50-75% _over night_; all the temporary stimulus goes out the window.

[soylentgreenb]

It doesn't "seem likely" that the government will repeat the mistakes of the great depression?

Mainstream economists are clueless as to the cause of the great depression. Hoover embarked on the most massive interference in the economy by any president up to that date, only to be superceeded by FDR.

The great depression didn't happen because the government did too little; it happened because the government did too much. That's the mistake that's being repeated today.

[soylentgreenb]

Unemployment as measured by U6 is already close to great depression levels; the only difference is unemployment insurance, and that may all disappear when government can no longer sell more bonds.

There are thousands of failed banks. Virtually every single bank that has failed has been undercapitalized by 10-50%. I.e. the FDIC is permitting banks to outright lie about their assets as it is supposed to take over a bank BEFORE it starts taking losses.

[inkey2]

don't believe this "so called" expert. You just can't keep printing paper money backed by thin air and expect things to get better

[joelito101]

I loved the pictures of the Old Couple!! :x