Thread: We are in a Depression. Read on.
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Pentegarn Pentegarn is offline
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Old Apr 28th, 2010, 06:20 AM       
I think even as grim as things have been economically, calling it a depression is a bit harsh.

During the depression the unemployment rate was much higher than it is now. Comparing it to the 1920s and early 1930s is a bit of an overstatement

If anything, what is going on now more closely mirrors the 1970s economically.
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