Great Depression? Hardly

Weber, Rick
March 2009
Trailer / Body Builders;Mar2009, Vol. 50 Issue 5, p29
Trade Publication
The article reports on the assessment of Willian Strauss of the U.S. Federal Reserve Bank of Chicago of the U.S. economy during the Heavy Duty Dialogue. He urged people to stop comparing the recession to the Great Depression. He warned that unemployment will still be on the rise, and the credit market and the weak housing market will pose risks but the downward trend will allegedly stop once the housing sector begins to moderate, sometime in 2009. He explained that the Federal Reserve's aggressive actions have produced positive signs of improvement.


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