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  • Wall Street Breakfast: Must-Know News [View article]
    "All 51 economists surveyed by the Philly Fed say we're in or on the brink of a recession that most say started in April, and will last for 14 months."

    BRINK of a recession? Those economists must all be very young. We is in a recession and well into the Second Great Depression. It is a classic contraction which will affect everyone.

    If government is smart (or is that an oxymoron?) we might see the same sort of infrastructure rebuilding we saw in the 1930s via WPA and PWA, etc. Roads, bridges, etc. are plumb wore out and need rebuilding. If we can get today's somewhat spoiled children to do a real day's physical labor for $20 a day,
    a lot of needed work could get done.
    Nov 18 20:40 pm |Rating: +1 0 |Link to Comment
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