Friday, November 21, 2008

Who Says We're Not in a Depression?

The market isn't the only indicator. This is beginning to feel like a Depression. Note the photograph that has been circulating recently about the man in midtown Manhattan begging for a job.



That's straight out of the Great Depression:



One difference: the gent in the Depression photo had been out of work for three months. According to the New York Times caption, the man in the photo on top had been looking for work for nine months.

© 2008 Gary Weiss. All rights reserved.

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