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Michael Covel

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Perhaps, Perhaps Not

Economics | February 16th, 2009

The author is correct that we are not yet in a comparative situation to the Great Depression. He is correct that the fear-mongering is over the top. However, it does seem like the slippery slope to something much worse is plausible. I see this both ways to some degree.

Note: No vulgarity or ugly attacks. There are other places for that.

  • John

    The comparison of today’s economy to the contractions of 1981-82 and 1929-33 really cannot be made until we can have a better historical perspective. Has the economy hit bottom or have we just entered year two of a multi-year contraction? We may very well be in a depression but we cannot right now make that assessment. I think it’s easy to predict the future but not with any certainty.

  • http://pages.sbcglobal.net/acom Ken – Today’s Breakout Stocks

    I think it’s easy to predict the future but not with any certainty.

    I bet Yogi Berra would absolutely agree with you on that!


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