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  • From: EarthNSky <erthnsky AT bellsouth.net>
  • To: Homestead List <homestead AT lists.ibiblio.org>
  • Subject: [Homestead] The Great Depression, V 2.0
  • Date: Fri, 07 Aug 2009 11:40:27 -0400

http://www.globalresearch.ca/index.php?context=va&aid=14680

Rather long but interesting financial and economic analysis.

Entering the Greatest Depression in History
More Bubbles Waiting to Burst

by Andrew Gavin Marshall

While there is much talk of a recovery on the horizon, commentators are forgetting some crucial aspects of the financial crisis. The crisis is not simply composed of one bubble, the housing real estate bubble, which has already burst. The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008. Indicators show that the next possible burst is the commercial real estate bubble. However, the main event on the horizon is the “bailout bubble” and the general world debt bubble, which will plunge the world into a Great Depression the likes of which have never before been seen.



--
Duct tape is like The Force: There's a Light Side, a Dark Side, and, of course, it holds the universe together.
EarthNSky Farm, NW Georgia, USA




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