A surge in layoffs, a sharp pullback in consumer spending, and a credit crisis that drags on despite a massive government rescue have prompted some forecasters to predict the worst economic downturn since World War II. Full Story »
Posted by Derek Hawkins
By not just comparing the current economic crisis to the Great Depression, but by looking at history over the last decade, this article gives more thoughtful consideration to what might be ahead of the nation.
More description of the dangers of deflation, as opposed to inflation. Three financial experts give their opinions on what is happening in the U.S. and global economies. The article includes solid statistics and what these numbers mean. The experts' focus on the term "jobless recovery" seems important; I'd like to read more about that, as an economic recovery without job growth doesn't sound like much of a recovery at all.
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