Quote:
Originally Posted by Pentegarn
The thing that pisses me off is I have relatives that lived through the real depression and calling this slightly uncomfortable economy a depression is an insult to what they went through. If Coolie thinks this is a depression, he will be sorely lacking in coping skills should an actual depression happen.
Here's some facts for you Coolie:
In the last 2 years, I have not once had to migrate from state to state looking at sign after sign saying "No employment here, move along drifters"
I have not had to save bacon grease as a substitute for lard.
I have not had difficulty finding food at stores.
I have not waited in one bread line.
I could go on, but I hope you get the point. When these things all start becoming part of our daily lives, then you can talk to me about a depression.
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Someone else understands.
I wasn't going to bring it up, since he already thinks I'm a fool, but I remember 21% inflation, COLA's, gas rationing and a near 50% drop in the DOW from 1050+ to the mid 570's. And this was the '70's.
And that wasn't a depression. There the Dow lost nearly 90% of its value over a 2 1/2 year period. My Dad and my Mom's parents had many stories about that time period.
It's all a matter of perspective.