Tuesday, December 30, 2008

The Greatest Depression..

Well I would assume we are in a true depression. I can only say this because the muckity-mucks have finally admitted that we are in a recession. Since it has been 70 odd years since the "great depression", there is really nothing in living history for us to compare it to to judge our level of despair.

The problem I see with it this time around, is it is self-perpetuating. There is so much negative media coverage, that the populus is in a constant state of panic. The more we are told how bad things are, the less likely we are to make a major purchase to boost the economy. In the 1930's I am sure there was bad news, but not like today where it is blasted at you from every directio. I don't know which is worse, the endless barrage, or living in the 30's and just "not knowing".

You hear every day that we have not seen the worst of it yet, and we haven't hit bottom. I have heard it called "The Greatest Depression". I just wonder when we look back 20 years from now, what we will see...