Are We Headed For Another Great Depression? Authored by Gail Tverberg via Our Finite World, Today’s economy is like that of the late 1920s… Today, there is great wage and wealth disparity, just as there was in the late 1920s. Recent energy consumption growth has been low, just as it was in the 1920s. A significant difference today is that the debt level of the US government is already at an extraordinarily high level. Adding more debt now is fraught with peril. Figure 1. US Gross Federal Debt as a percentage of GDP, based on data of the Federal Reserve of St.… — Continue at ZeroHedge News : Read More
