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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Little Joe who wrote (100694)8/12/2009 1:37:49 PM
From: mishedlo2 Recommendations  Read Replies (1) of 116555
 
Social Safety Nets Mask Deflationary Depression

Prechter is looking for a "major economic depression". I think it is clear we are already in one.

The only reason it is not more readily visible is people are living in foreclosed houses unable or unwilling to pay their mortgage, one in nine living in the US is on food stamps, and unemployment insurance has been extended twice and Congress is debating extending it a third time.

globaleconomicanalysis.blogspot.com

Mish
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