Friday, October 9, 2020

Are we in the Next Great Depression?


Have we begun "The Next Great Depression?"  Personally, I think we are in what will ultimately be a Great Depression, and we have crossed the threshold (10%+ GDP drop) that makes this offically an economic depression.  But will things get as grim as this video depicts?  I'll let you decided.  This is a really depressing comparison between our world today, and the Great Depression of the 1930's. 

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Update: July 16, 2021

 So... the Fed has continued to drop "helicopter money," though not as much as last year, to prop up the economy as a whole.  Asse...