Is the world headed for another great depression

i-watermelon john · Post by **i-watermelon john** » Tue Aug 10, 2010 1:59 am

Kind of a short article, but interesting. Having owned serveral businesses in the last 30+ years I've lived through the slow periods but never had to go on food stamps. There are more people now on food stamps then ever before

http://www.activistpost.com/2010/08/eco ... ssion.html

mikeyBoab · Post by **mikeyBoab** » Wed Aug 11, 2010 10:28 am

No. The whole recession was (and remains) media-generated. I know I'm not the only one who noticed that there was no mention of the recession during the 2008 Olympics - the news crews had something else to focus on.

There has been a slight slow down in the house sale market here and the newspapers (including the London Times, most dissappointingly) have jumped on the "double-dip" bandwagon.

i-watermelon john · Post by **i-watermelon john** » Thu Aug 12, 2010 2:12 am

I kind of agree with you, but when more and more people are out of jobs I guess that is what they mean by a recession