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Articles tagged with: great depression

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Recession may be the longest since WWII

The recession of 1981-1982 was the worst recession, until now, since the Great Depression. Now, some are speculating that we are in a recession that will be worse than the one in the 80′s and that it will likely last at least through 2009.
The 81-82 …

Senate to vote on stimulus bill today

Yesterday the Senate had a test vote to get an idea as to how the vote would go today to pass the massive stimulus bill that is supposed to help save the economy.
The measure passed in the test vote with 61 yeses, one more than …

Stocks looking optimistic after first trading day of 2009

Even after a report about manufacturing being the lowest its been in 28 years, Wall Street enjoyed a nice rally today.
The Dow rose 258.30, or 2.94 percent, to 9,034.69, finishing the week up 6.1 percent. The blue chips last closed above 9,000 on Nov. 5, …

Will we see another Great Depression?

The IMF warned today of another Great Depression. After looking back at the Great Depression I just can’t see it happening.
In the 1920′s and 30′s depression, the government didn’t intervene before it was too late. Now, our government has taken many steps to stave …

Jim Kramer believes this is NO Great Depression

While the economy may have some of you thinking those horrible words, Jim Kramer from CNBC does not believe that the current economic crisis is anywhere near the level of the Great Depression. Not only that, but we are not going to suffer through another …