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Is the world headed for another great depression
Posted: Tue Aug 10, 2010 1:59 am
by i-watermelon john
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
Posted: Wed Aug 11, 2010 10:28 am
by mikeyBoab
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.
Posted: Thu Aug 12, 2010 2:12 am
by i-watermelon john
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