Category Archives: Economy and Unemployment

The Great Depression: Part 3: why this matters today

We’ve examined experiences from different people during the Great Depression.  Now let’s look at why those experiences were different and what’s really important – why this matters to us today. In the first installment of this series we saw the … Continue reading

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Was the Great Depression really that bad? Part 2: what depression?

In the previous post I talked about the Great Depression from the perspective of my grandfather, who was a teenager in a sharecropping family.  Now we’ll look at it from a different perspective. When my parents married and moved to the … Continue reading

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Was the Great Depression really that bad? Part 1: it really was bad!

I don’t remember ever having a conversation with my grandfather where he didn’t tell me at least once how bad the Great Depression was.  He was just entering his teenage years as the Depression hit and he remembered it well. … Continue reading

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Have you given much thought to your big expenses?

What are your big expenses?  For most people they are mortgage (or rent), groceries, and car payment.  Let’s look at median values for each of these expenses and see how they affect the average American. Mortgage According the the U.S. … Continue reading

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Scary facts – why high unemployment won’t go away

We know already that unemployment is high.  It has been at or above nine percent for three years now.  Unfortunately, I believe that it is going to stay high for a long time, possibly forever, for several different reasons.  Some … Continue reading

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The state of the economy and unemployment

The Economy After three decades of strong growth, the US economy took a nosedive in late 2007 and early 2008.  A number of factors led to this fall – a grossly overvalued real estate market that finally busted, risky and … Continue reading

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