23 August 2011

Risk of Recession Masking Risk of Depression

http://modernsurvivalblog.com/wp-content/uploads/2010/07/great-depression.jpg 


With more than 2.5 million additional workers joining the unemployed, I'd says we never got out of the last recession, and are headed full-speed toward a depression more devastating than the Great one. 
FLORENCE, Alabama (Reuters) - The risk of a new U.S. recession has risen over the last couple of months, but an outright contraction will most likely be avoided, Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday.

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