Dow Repeats Great Depression Pattern

The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression..

Wages Grow for Those With Jobs,

For the first time since perhaps the Great Depression, it seemed possible that average hourly pay would actually begin falling...

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

WARNING: U.S. Depression Threat

The US economy is suffering its steepest downturn since at least the 1970s and could descend into a depression, Jeff Immelt, General Electric’s chief executive, warned on Thursday.

He said businesses and consumers alike were struggling to contend with tumultuous markets and a financial-services industry under siege....

Read more GE chief warns on USA depression threat

Source: ft.com