Are we heading for a Great Depression?
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The rich are getting richer. Funny isn't it?
http://www.thesundaytimes.co.uk/sto/public/richlist/
http://www.poverty.org.uk/80/index.shtml
http://www.guardian.co.uk/money/blog/2011/jul/15/fuel-poverty-killer-too-little
I'd have thought we're already in something like it and have been since 2008. According to some pundits in today's papers "austerity" could last for another 6 years:http://www.channel4.com/news/austerity-george-osborne-cuts-institute-for-fiscal-studiesIf you mean that GDP is going to fall even further I don't think we can be certain about that. It may turn out to be a Great Stagnation where GDP doesn't increase and just bumps along the bottom. It's still, 4 years on, 4% below what it was in 2008.
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