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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (79073)3/17/2009 9:05:32 PM
From: geode00  Read Replies (3) | Respond to of 89467
 
"The mood is also darkening beyond Wall Street. A CNN/Opinion Research survey released Tuesday revealed that a growing number of Americans think another Great Depression will occur within the next year.

In December, 38% of people surveyed said a depression similar to the 1930s was likely in the next year. The number has since increased to 45%.

Only one in 10 of the people surveyed think a recovery is likely within a year, which is at odds with recent representations from U.S. policy makers. In fact, one in five think it will take longer than four years for the country to normalize.

The poll was conducted Thursday through Sunday, with 1,019 adult Americans questioned by telephone. The survey's sampling error was plus or minus three percentage points.

Many things are open to debate, especially investor sentiment. But it's hard to argue with this: Paper profits don't exist until they are converted into cold, hard cash."
online.barrons.com

What? I don't know, seems odd at this late date.