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Junk Default Rate Is Highest Since Great Depression
" The global speculative-grade default rate rose to 12.4 percent in October, the highest proportion of defaults since the Great Depression, according to Moody’s Investors Service."
The Great Depression And The Great Recession
forbes.com — Eighty years ago this week, the stock market crashed. Although it was more a symptom of the economy's underlying problems than a cause of the Great Depression, it is still considered the day the worst economic crisis in American history began. I've ... (more) The Great Depression And The Great Recession
The story so far, in one picture
The story so far, in one picture
krugman.blogs.nytimes.com — Basically, we started out with a year that matched the Great Depression, but have since pulled back a bit from the edge of the abyss. (more) The story so far, in one picture
Depression multipliers
krugman.blogs.nytimes.com — Yes, fiscal expansion is expansionary. (more) Depression multipliers
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