Tuesday, May 6, 2008

Possible (new) GREAT Depression Signs:

Gerard Jackson; BrookesNews.Com's economics editor says:
...About five months before the October (1929)crash, the US economy was already going into a depression: manufacturing was slowing down, output was falling, layoffs rising and capital utilization was declining.


Hmmm. Let's reformat that:

  • Manufacturing was slowing down
  • Output was falling
  • Layoffs rising and capital utilization was declining.,
Okay, that's a start. Add to the 25% unemployment suggsted by Robert Reich.

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