Have the Last 5 Years Been Worse than the Great Depression?

Have the Last 5 Years Been Worse than the Great Depression?

by WashingtonsBlog

What Do Economic Indicators Say?

We’ve repeatedly pointed out that there are many indicators which show that the last 5 years have been worse than the Great Depression of the 1930s, including:

• The housing slump

• The bank charge off rate

• The collapse in world trade

• The withdrawal of short-term credit

• The level of inequality between rich and poor (too much inequality destroys economies)

• The interconnectedness of financial systems and economies worldwide (interconnectedness leads to financial instability)

• Runaway spending and greed

More at:http://www.washingtonsblog.com/2012/09/have-the-last-5-years-been-worse-than-the-great-depression.html