Tuesday, June 9, 2009

Update!! Obama 08-Depression 09 Not Just A Bumper Sticker Anymore

Update must watch video hat tip The Market Ticker who has a must read article The Fed Is Broke!!!!...

In my last post I showed you the Depression Graph (below) and now from Mr. Ian Gordon...

The Greatest Depression: Ian Gordon sees a severe depression coming

"We're going to be in a severe depression. I think it's going to be worse than the '30s simply because the build-up to 2000 and again into 2007 was much greater, the debt this time that's been accumulated world-wide is far, far more significant than it was in 1929-trying to solve the Debt Problem by papering over the problems and adding a new Debt Problem"....Watch for video imbedded below for yourself ALL I can say is WOW I hope you are preparing for the inevitable consequences of our smelly policiticans actions!


Just in case you missed it here are some suggested reads...

If you look hard enough, you can find some green shoots, but here's the truth. The decline in world industrial output is tracking very close with what we saw during the Depression. This chart was put together by economists Barry Eichengreen and Kevin O'Rourke, as part of a broader study comparing this downturn with the Great Depression.

Y6-09-2009 YouTube.com & Howe Street.com

American from the Great Depression to WWII

1 comment:

Depression symptoms said...

Depression is a waste.It causes dude to lot of tension.