Most Americans See A Depression Coming
Run for your lives!
 

What does 2008 have in common with the 1930s? CNNMoney tells us this: "* 25% unemployment rate; * widespread bank failures; and * millions of Americans homeless and unable to feed their families."

Faced with this depressing information, sixty percent of respondents to an economic poll believe that another Great Depression is likely. The average American's feeling about things are a lot more dramatic than most economists'. "We've been in a recession all year and it's going to get worse," said Anirvan Banerji, director of research for the Economic Cycle Research Institute. "We're going from a relatively mild recession to a more painful recession. But we're a long, long way from a depression."

Comments (2)

No. 1 · AR1

I believe a depression is coming also look at the job market look at how the U.S.dollar has drop how banks are failing left and right soon grown people with families will have to move in together just to make rent and out of all this people are still supporting the republican party.
We as Americans have to wake up stop looking at race or what I friends think and put the right person in office who can identify with these problems and who have a plan to help overcome them

Posted: Oct 7, 2008 at 1:02 pm
No. 2 · MeikMeik

Sometimes I wonder if these econimists making these statements are basing their number off of certain salaries. For instance are they basing their figures on salaris above 100 thousand, 50,000, or 25,000? Obviosly a family making the later would be thinking depression more so than a family pulling in the hundred thousand. I know there are many other factorsthey have to look into. Maybe I.m asking the wrong question.

Posted: Oct 7, 2008 at 4:03 pm
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