Is an Economic Depression Impossible Now?
Posted by on December 4th, 2008 at 12:11am
Pal2pal wrote an interesting post today on
Here’s a quick excerpt
Let’s examine a serious question. Is an economic depression impossible in 21st century America? Some famous people are saying we will not have a depression. “Enough with the hysteria,” Cramer said during Tuesday’s Mad Money, we’re not going to suffer another Great Depression. More Detail. Is he right? After all the US government can print money and has shown a willingness to do so. We have a Congress that loves to bail companies out in order to increase their power and scope of the federa
Read the rest of this great post here
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