Are we heading for a Great Depression?

[Anonymous]

The rich are getting richer. Funny isn't it?

 

http://theeconomiccollapseblog.com/archives/rich-vs-poor-14-funny-statistics-and-14-not-so-funny-statistics-about-this-economic-recovery

 

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

[ALB]

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.

[Author]

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