America sliding deeper into depression

Lebowsky · Jan 11, 2010

http://www.telegraph.co.uk/finance/...er-into-depression-as-Wall-Street-revels.html

empee · Jan 11, 2010

its pretty amazing really, losing 700k+ jobs in a month when we should be bottoming. Then again who knows with the BLS b.s., but amazing that the 600k+ from leaving the workforce plus 85k lost is amazing at this point. And thats with all the stimulus, bailouts, cash for clunkers.

Free Thinker · Jan 11, 2010

retail stock have been signaling for a year there was no depression. retail sales are not that bad.

Lebowsky · Jan 11, 2010

Quote from vhehn:

retail stock have been signaling for a year there was no depression. retail sales are not that bad.

sure they weren't.

http://www.businessinsider.com/the-scariest-retail-sales-chart-ever-2010-1

DrPepper · Jan 11, 2010

It is fascinating to read about the US in a foreign newspaper. You don't often get brutal honesty like that in a major US paper. At least the author is willing to admit that Europe is in worse shape, though.

jorgez · Jan 11, 2010

Quote from DrPepper:

It is fascinating to read about the US in a foreign newspaper. You don't often get brutal honesty like that in a major US paper. At least the author is willing to admit that Europe is in worse shape, though.

I am somewhat surprised that everyone does not read their own news through foreign newspapers ...

stevegee58 · Jan 11, 2010

Quote from DrPepper:

It is fascinating to read about the US in a foreign newspaper. You don't often get brutal honesty like that in a major US paper. At least the author is willing to admit that Europe is in worse shape, though.

Brutal honesty or just sensationalist crap?
This *is* the Telegraph we're talking about here.

krazykarl · Jan 11, 2010

Quote from stevegee58:

Brutal honesty or just sensationalist crap?
This *is* the Telegraph we're talking about here.

I was waiting for someone to say it. That poster that mentioned reading foreign newspapers: instead of patting yourself on the back becuase you found a different perspective you should first determine the validity, and integrity, of that perspective.