Friday, March 28, 2008

"...since the Great Depression."




Maybe it's just me, but I've been seeing this comparison more and more in the media when it comes to our economy.


Here's some examples:


"Savings Rate Lowest Since Great Depression"




"Lawrence Yun, the Realtor's chief economist, said it was likely the country has not experienced a decline in home prices for an entire year since the Great Depression."


http://biz.yahoo.com/ap/080124/economy.html



"Fed takes boldest action since the Depression to rescue US mortgage industry"


http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/12/cnfed112.xml



In fact, if you Google the words "...since the Great Depression" you get 2.1 million hits! Apparently this is becoming a popular phrase.



I'm pretty sure that it's going to get even more popular as we move forward.


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