The Deepening Economic Depression
Economics / Economic Depression
Oct 05, 2008 - 06:50 PM

By: David_Vaughn

We definitely live in interesting times, huh?

I believe future historians will allocate Monday, September 29, 2008 as the start of the second Great Depression. That is not to say we may yet see exciting corrections and even occasionally a stronger US dollar. Still, the ultimate trend is down, down, down.

“President Herbert Hoover did not know how to meet this crisis.â€