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.
No comments:
Post a Comment