Friday, December 05th, 2008 | Author:

I stumbled across this simple little chart at The Market Ticker that shows exactly how it happened.


This isn’t rocket science, folks. I’m pretty certain that all my readers will see the correlation between The Great Depression and the total US debt ratio. I’m also pretty certain that we can all see what’s coming next – and why.

Would somebody out there please explain it to Bernanke & Co? And Obama, who says that “we shouldn’t worry about the deficit next year or even the year after”?

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Category: economics
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