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You missed out the word annualised. (Which is kinda an important word) The US economy did not contract by 4% in Q4 2008. Real gross domestic product -- the output of goods and services produced by labor and property, located in the United States -- decreased at an annual rate of 3.8...

The rate of global warming acceleration will be slowed if people are driving their cars less, using less power (subject to it's source), etc. But the weight of scientific opinion is that even if we ceased emission of all GHG's tommorrow the earth would still warm for decades owing to the...

My bad. Stupidly, I thought that by pointing out the patently obvious differences between the great depression and where we are now, that people might realise we're not even close to a great depression type scenario. How very niave of me.

Want to know what a depression actually looks like, then imagine this: Effects of depression in the United States: 13 million people became unemployed. In 1932, 34 million people belonged to families with no regular full-time wage earner. Industrial production fell by nearly 45%...

In reply to Kenster: