Are we in a Depression?
December 7, 2011
RealEcon TV
12/5/2011
The mass media, including the financial media, hates to use the “D” word.
Here’s the party line on that:
“Depressions don’t happen any more. We only have recessions and recovery is just right around the corner.”
The other myth: The government can “help” countries stay out of a Depression.
The reality is 180 degrees opposite.
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Harold
ACGR's "News with Attitude" 