nsTeam1RO, nsTeam1RW, nsTeam1_talkRO, nsTeam1_talkRW
13,818
edits
Changes
Jump to navigation
Jump to search
Talk:Financial Crisis of 2008 (view source)
Revision as of 03:53, November 15, 2008
, 03:53, November 15, 2008New page: Thank you for all of your hard work. I would have to question though the starting premise that it is the worst financial disaster since the Great Depression. I realize that commentat...
Thank you for all of your hard work. I would have to question though the starting premise that it is the worst financial disaster since the [[Great Depression]]. I realize that commentators are saying such, but they have a tendency to interject hyperbole to make things sound more grandoise than they should. Do we really feel, at this point, that the current crisis is worse than the downturn in the early/mid 70's or the hard hit in the early part of Reagan's first term after the Carter Presidency? Inflation is not 18%, unemployment is not 10%, and the GDP last quarter contracted at -0.3%, which I somehow doubt ranks as high in the list of calamities, especially when you consider that it was induced mostly by fear and a drop in consumer spending. If consumer spending had stayed the same quarter to quarter than the GDP would have grown 1.9% last quarter instead of the -0.3 that we recorded. And that certainly would not be a 'sky is falling' scenario. [[User:Learn together|Learn together]] 22:53, 14 November 2008 (EST)