Have the Last 5 Years Been Worse than the Great Depression?
WashingtonsBlog.com
September 21, 2012
We’ve repeatedly pointed out that there are many indicators which show that the last 5 years have been worse than the Great Depression of the 1930s, including:
The housing slump
The bank charge off rate
The collapse in world trade
The withdrawal of short-term credit
The level of inequality between rich and poor (too much inequality destroys economies)
The interconnectedness of financial systems and economies worldwide (interconnectedness leads to financial instability)
Runaway spending and greed
The Rest…HERE
