Greg Prince's Blog

Musings and pontifications from a reality based progressive

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?


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