It Doesn’t LOOK Like We’re In a Depression

One of the best posts ever, at Michael Panzer’s Financial Armageddon, “Gone, Over, Toast.”

I’ve noticed recently the same phenomenon, that though all indicators say we’re in a severe economic meltdown, and entering a “greater depression,” life still goes on as before. The lights still work, the trucks still roll and in some cases, Black Friday was a success.

But, as we noticed last night, restaurants are empty, the airports aren’t madhouses, and there’s the palpable sense from those in the know that winter is coming.

Posted in Economy, Housing Bubble
Tags: Credit crunch, Depression, Economy, Recession