What's your double dip plan?

[Doggy Styles]

This is a REAL depression:

During the worst years of the depression (1933-1934) the overall jobless rate in the USA was 25% with another 25% taking wage cuts or working part time. The gross national product fell by almost 50%. Compare that with 2009/2010, when unemployment was 8.1% and the GDP had dropped 2%.

The Dow Jones market peaked at 381 on September 3, 1929, and bottomed out at 42 in 1932, which is an 89% decline. It did not reach 381 again until 23 years later in 1955.

Between 1930 and 1935, nearly 750,000 farms were lost through bankruptcy or sheriff sales. Scholars estimate that nearly 50% of all children during the depression did not have adequate food, shelter, or medical care.

[sasguru]

This is a REAL depression:

During the worst years of the depression (1933-1934) the overall jobless rate in the USA was 25% with another 25% taking wage cuts or working part time. The gross national product fell by almost 50%. Compare that with 2009/2010, when unemployment was 8.1% and the GDP had dropped 2%.

The Dow Jones market peaked at 381 on September 3, 1929, and bottomed out at 42 in 1932, which is an 89% decline. It did not reach 381 again until 23 years later in 1955.

Between 1930 and 1935, nearly 750,000 farms were lost through bankruptcy or sheriff sales. Scholars estimate that nearly 50% of all children during the depression did not have adequate food, shelter, or medical care.

Indeed read Steinbeck's "Grapes of Wrath" for an unforgettable picture of that time.

From the book:

"How can you frighten a man whose hunger is not only in his own cramped stomach but in the wretched bellies of his children? You can't scare him – he has known a fear beyond every other. ”

A classic.

[hyperD]

If the US does default on it's debt and The PIIGS default as well:

1. What do you think will happen to you personally - how will you be affected?
2. Do you have anything in place for a double dip/credit cunch 2.0?
3. If so what?

Avtomat Kalashnikova 47 and boxes of 7.62 rounds, a room full of tinned baked beans and bottled water and a bumper edition book of the Crunchie Girls Boeing Stearman Wing Walking team.

[AtW]

Avtomat Kalashnikova 47 and boxes of 7.62 rounds, a room full of tinned baked beans and bottled water and book of Sudoku.

If you want to defend then I'd recommend something better than AK 47.

HTH

[Moscow Mule]

I hear Greece have stopped all production of taramasalata and humous for this very reason.

[Doggy Styles]

Indeed read Steinbeck's "Grapes of Wrath" for an unforgettable picture of that time.

From the book:

"How can you frighten a man whose hunger is not only in his own cramped stomach but in the wretched bellies of his children? You can't scare him – he has known a fear beyond every other. ”

A classic.

It's hard to imagine bad times like that.

I'm not saying a depression won't happen, just debating the suggestion that it already has and we have been in one from the outset.

[hyperD]

I hear Greece have stopped all production of taramasalata and humous for this very reason.

Oh no, not another double dip recession!

[hyperD]

If you want to defend then I'd recommend something better than AK 47.

HTH

I won't fire until I see the white of their eyes. Plus looking for durability.

[Spacecadet]

Carry On Contracting

WHS...

[DimPrawn]

A real depression is waking up alone and finding yourself in Brum, having worked on the same fruitless thing for 6 years, and still living in a tiny rented bedsit with only a DFS sofa and box of tissues as belongings.

That's depressing.