the great depression

A Depressing Recession

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We’re battling a recession and it’s getting depressing.

Analysts say our current economic situation cannot compare with the great depression. But MSN Money disagrees; and they’ve found ten reasons that prove otherwise. For example today anyone holding Greek bonds has a reason to be nervous. And our stock market rises and falls based on the news from Europe.

MSN says much like the great depression the causes and effects of today’s recession are global. When the treaty of Versailles ended World War I Germany was given a bill for reparations. And to pay back the victorious European countries they borrowed from U.S. banks then defaulted. Today if a Greek default can’t be prevented the problem could spread to Italy, then Spain and so on.  read more »