What’s in a name?
Posted by Greg on August 25, 2010
Depression, recession, it’s all the same isn’t it?
Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday.
Well, of course it’s NOT all the same, but perhaps realization that this isn’t just another recession might light a fire under some in Washington?