TITLE

Sure, It's Greatly Depressing, But It's No Great Depression

AUTHOR(S)
TRIPLETT, TIM
PUB. DATE
December 2008
SOURCE
Metal Center News;Dec2008, Vol. 48 Issue 13, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the views of Parks Dodd, president of Atlanta, Georgia-based Aluminomics LLC about the U.S. economy. He says that what the region is going through is nowhere near the Great Depression. During the Depression, real output in the economy fell by one-third and it takes around 35 percent of gross domestic product (GDP) to repair the damage. In 2008, the region is experiencing a two percent drop and the value of proposed bailouts are in the range of $700 billion to $1 trillion.
ACCESSION #
35898301

 

Related Articles

  • Quick Action on the Economy. Zuckerman, Mortimer B. // U.S. News & World Report;12/1/2008, Vol. 145 Issue 12, p76 

    The editorial presents the author's thoughts regarding the state of the U.S. economy as of December 2008. The economic slide is described, noting that unscrupulous mortgage lending and corporate trading in subprime mortgage debt caused the crisis in the financial system. Immediate action from...

  • Hold the Hysteria (for Now). Samuelson, Robert J. // Newsweek (Pacific Edition);3/31/2008 (Pacific Edition), Vol. 151 Issue 13, p17 

    The article reports that, according to economic statistics and predictions of specialists, the U.S. economic downturn of 2008 is not as detrimental to the economy as some media outlets claim. The recession of 2001 is noted as much more severe. Economic historian Barry Eichengreen highlights the...

  • Hold the Hysteria (for Now). Samuelson, Robert J. // Newsweek (Atlantic Edition);3/31/2008 (Atlantic Edition), Vol. 151 Issue 13, p15 

    The article reports that, according to economic statistics and predictions of specialists, the U.S. economic downturn of 2008 is not as detrimental to the economy as some media outlets claim. The recession of 2001 is noted as much more severe. Economic historian Barry Eichengreen highlights the...

  • Wishful waiting won't work. Titus, Jon // Test & Measurement World;Jun2002, Vol. 22 Issue 7, p5 

    Editorial. Comments on the economic conditions in the U.S. as of 2002. Hesitation of people to spend money; Accuracy in gauging the strengths and weaknesses of business; Importance of economic growth cycle awareness.

  • Answers In All The Wrong Places.  // Investment Dealers' Digest;3/3/2008, Vol. 74 Issue 9, p2 

    The author reflects on the speculations that the U.S. is going into a state of recession. The bevy of economic data would supposedly inform the Americans where they stand. He finds these speculations a silly notion. A week's worth of numbers is never going to resolve the recession debate,...

  • by the numbers. Elam, Douglas G. // Fortune International (Europe);11/15/2004, Vol. 150 Issue 9, p18 

    The article discusses the possibility of a recession. According to the latest "FORTUNE" Business Confidence Index, chief financial officers are significantly more nervous than they were a year, or even a month, ago. For the first time since November 2003, the index fell below 100, to 93. The...

  • Just Asking.  // Adweek;1/7/2008, Vol. 49 Issue 1, p34 

    The article lists responses from advertising and marketing executives on the subject of how they would use marketing to blunt the severity of a possible 2008 recession.

  • Deflated Expectations. Selgin, George // American Conservative;2/9/2009, Vol. 8 Issue 3, p14 

    The author reflects on the implication of deflation for the U.S. economy. He notes that the country emerged from the Great Depression's trauma with a severe case of deflation anxiety. He attributed this to consumers who were confronted with more to spend money. He points out and suggests that...

  • 'A Meltdown' Roubini, Nouriel // Newsweek (Atlantic Edition);2/4/2008 (Atlantic Edition), Vol. 151 Issue 5, p35 

    The article compares the 2008 U.S. economic crisis to the Great Depression. The author analyzes the causes of this economic crisis, stating that essentially it was caused by changes in structure to how mortgages are issued. Several previous U.S. recessions and stock market crashes are mentioned...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics