GreatDepression

To his credit, President Obama finally spoke out urging Congress to extend unemployment benefits to the millions who are still out of work. He gave a verbal poke in the ribs to the Republicans who checked out of town early over the July 4th weekend leaving this bit of business unfinished, and said...

It doesn't get much darker than the Great Depression. That's about how dark it looked Tuesday when the Labor Department reported that U.S. consumer prices fell in November at the fastest rate since 1932, the nadir of the Great Depression. While this might be good news for consumers looking for...

When one imagines the Great Depression, the first things to come to mind are probably images of hobos and soup lines, government infrastructure projects and FDR. However, another, even more important legacy of that time is the idea of thrift. When I was a kid, many of my friends' grandparents were...

You've probably seen the headlines or news, especially if you watch CNN.CNN recently released a poll, in which it surveyed 1,000 Americans. About 60% of respondents believe that it's very likely, or at least somewhat likely, that the nation will have another depression.I'm sure it's a good survey,...

I love the idea of a 100 year crash. It makes the market seem mysterious and inexorable, a force of nature that is completely uncontrollable. Hearkening to the image of the 100 year flood or the 17 year locust, the 100 year crash seems to make sense. After all, seasons go in cycles, oceans rise and...

When the economy is tanking, most journalists take it upon themselves to provide the voice of reason, to reassure the concerned investor that all is not lost. Why? Because we know that our system, all systems beyond barter, depend on trust, and the loss of trust has devastating consequences. This...