We Are In A Depression, Not A Recovery
Posted: January 23 2010
By:
Bob Chapman
Accept that we are now in a depression, Stock Markets still grossly overvalued, poverty rates increase across midwest, a lots opportunity to regulate the banks,Goldman Sachs reports record profits and still bonusing employees richly, mainstream America goes on a financial diet, suburbs now home to American poor.
Few professionals are yet willing to admit we have been in a depression for the last year. You have to understand the position that economists and analysts are in. They work for corporations, insurance, Wall Street, banking and government and if they thought we were in a depression and they publicly announced that all chances for advancement would be lost or they would be squeezed out of the firm or simply fired. Under such circumstances can you ever expect that you get the truth? We don’t think so. Furthermore the depression we are enveloped in is far from over.
Continues: http://www.theinternationalforecaste...Not_A_Recovery
GO TO:
TheBobChapmanChannel's Channel at youtube for some recent interviews:
Part 1 of 5 "A Marines Disquisition" interview of Bob Chapman 1/21/2009: http://www.youtube.com/user/TheBobCh.../4/KAAiseo67jE