The mental-recession crowd on here loves to talk about how there aren't bread lines and soup kitchens like there were in the 30s, so everything is fine and dandy. Even if we do get a depression and unemployment hits 25% or something, you'd still not see much of that, because its completely unrealistic to expect society in 2009 to look like one in 1929 without taking into account all the changes over the last 80 years.
Here's an article that tries give a clear picture of what a depression would look like in the context of today's world, not the caricature world of the metan-recessionists.
Depression 2009: What would it look like? Lines at the ER, a television boom, emptying suburbs. A catastrophic economic downturn would feel nothing like the last one.
Here's an article that tries give a clear picture of what a depression would look like in the context of today's world, not the caricature world of the metan-recessionists.
Depression 2009: What would it look like? Lines at the ER, a television boom, emptying suburbs. A catastrophic economic downturn would feel nothing like the last one.