Monday, September 29, 2008

USA Today Poll

33% of respondents to a USA Today poll think we're already in a depression.

Conclusion: 33% of respondents to USA Today polls are too stupid to have their opinions taken seriously.

Unemployment is 6%. In the Great Depression it was 25%. In the Carter and Bush Sr recessions it was aroun 8%.

GDP is still growing, albeit modestly. During the Great Depression it fell 29%.In 1990 GDP fell 3%. In 1980 it fell 8%.

Not to mention that during a depression prices fall; in 1929-1933 prices fell 30%. We still have inflation.

No comments: