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The Greater Depression: 10 years in...
Sometimes it is hard to believe that we are in a depression, because on the surface everything still looks "normal." But the cold hard facts tell a different story and the best way to view these facts for most of us is through a picture. Look at the following jobs graph and the downturn that began 10 years ago. Now ask yourself if we are in a recovery, recession or depression.
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Now, look at the following chart of the stock market over the same period of time. As you can see, it peaked out in 2000 and has just been trending sideways for the last ten year as a direct mirror image of our economy.Sometimes it is hard to believe that we are in a depression, because on the surface everything still looks "normal." But the cold hard facts tell a different story and the best way to view these facts for most of us is through a picture. Look at the following jobs graph and the downturn that began 10 years ago. Now ask yourself if we are in a recovery, recession or depression.
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