Are we heading for another "Great Depression?"

im10ashus

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Sat Jun-03-06 08:55 AM
Original message

Are we heading for another "Great Depression?"

Edited on Sat Jun-03-06 08:55 AM by im10ashus

Although I always felt "Great Depression" was a contradiction in terms (what's so great about depression?), I read the following, and it got me wondering:

Amount by which Americans� total spending last year exceeded their earnings:
$41,600,000,000

Last year in which spending outstripped earnings: 1933

http://www.harpers.org/MostRecentIndex.html

With the stock markets fluctuating so wildly, and the dollar in the toilet, is this inevitable?

http://www.english.uiuc.edu/maps/depression/about.htm

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