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Wednesday, April 2, 2008 12:00 AM

The Great Depression: The sequel

Is it coming to a soup kitchen near you? Here's how we'll know if the current recession is turning into something much worse.
By Andrew Leonard

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  • Tuesday, April 1, 2008 08:09 PM

    unemployement

    Reasons to believe?? "In 1933, 24 percent of the work force was unemployed. In February 2008, according to the Bureau of Labor Statistics, the U.S. unemployment rate was 4.8 percent (though there are reasons to believe that number significantly underestimates the true picture)."

    There are statements of fact. Unemployment--along with inflation--is one of many tortured statistics employed by the Gov, and especially the Fed. Real inflation is more likely 11-15% so we are not as far off as people think.

    —ssgman Read ssgman's other letters

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