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Old 03-16-2008, 06:38 AM
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Default The Depression of 2008

Posted By: Jim Dale

Someone said above that people thought things were "Rosie" and now "Hunky Dory"

I don't get those who think the sky is falling believe its equal to a depression.

Both are extremes and neither is true. We have very low unemployment, very low interest rates, very low inflation and two really ugly things in high energy costs and a bad debt problem on residential properties. That hardly makes for a depression.

Claiming those who think things are "hunky dory" need to have their heads examed...line up right behind those who think its a depression.

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