On Entering Another Great Depression
As you may have hears, President Obama introduced a new plan to resuscitate job growth yesterday, but Fed Chief Ben Bernanke gave a speech as well in which, according to this NY Times report, he said Americans are “depressed beyond reason or expectation”.
How depressed are they? According to this Gallup survey from earlier in the week, more than half think we'll enter a 1930s-like depression in the years ahead.
Maybe next time, to get a less negative result, they should just ask Wall Street bankers…
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
Posted-In: Ben Bernanke depression Obama RecessionEconomics
