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IPFS News Link • Economy - Economics USA

Mike Whitney: This Depression is just beginning

08-03-2009 • Informationclearinghouse.info/

What does all this mean? It means the consumer is down-for-the-count. His credit lines have been cut, his home equity eviscerated, and his checking account swimming in red ink.

Read Full Story

Reported By Jack Gregson

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1 Comments in Response to Mike Whitney: This Depression is just beginning

Comment by Melinda Carey

Entered on: 8/3/2009 5:31:14 PM

It's not a depression, it's a recession.

Maybe if we click our heels together three times and repeat it, Dorothy...

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Mike Whitney: This Depression is just beginning

1 Comments in Response to Mike Whitney: This Depression is just beginning

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