Friday, March 6, 2009

Reliving the 1930’s – Chance for U.S. depression now 20%

The most serious concern is that the downturn will become something worse than the largest recession of the post-World War II period -- 1982, when real per capita GDP fell by 3% and the unemployment rate peaked at nearly 11%.

Could we even experience a depression (defined as a decline in per-person GDP or consumption by 10% or more)?

Read more possible depression in U.S.

Source: breitbart.com

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