![\"\"](\"http:\/\/3.bp.blogspot.com\/_R4rqC5tzPrM\/Sa2mEgjx6II\/AAAAAAAACd4\/YDFT3aeyaCg\/s1600\/four-bears-large.gif\")
<\/p>\nOne of my students sent me this interesting graphic that suggests we’re getting there.<\/p>\n
<\/p>\n
This graph suggests that our stock market losses are equivalent to the losses during the great depression for the same time period.\u00a0 Granted, this represents only one data point. Here’s another:<\/p>\n
Nearly one in five own more than homes are worth – Time Magazine.<\/a><\/p>\n There is plenty of counter-data to suggest that we’re in a slowdown.\u00a0 Unemployment is “only” 9.1 percent, a far cry from the 25% unemployment during the peak of the great depression.\u00a0 I’m more interested in the question of how and when we construct a depression. Rahm Emmanuel has achieved conservative blog infamy<\/a> for saying “Never let a serious crisis go to waste.”\u00a0 Indeed, the Obama administration has initiated an agressive policy agenda (education, health care, environment, budget, bank bailout, housing, etc.) \u00a0 The policy might fit the times, but Emannuel’s sentiment\u00a0 reflects the investment an activist government has in constructing a depression.\u00a0 An increasing amount of data suggests that “if the construction fits, wear it.”<\/p>\n","protected":false},"excerpt":{"rendered":" One of my students sent me this interesting graphic that suggests we’re getting there. This graph suggests that our stock market losses are equivalent to the losses during the great depression for the same time period.\u00a0 Granted, this represents only one data point. Here’s another: Nearly one in five own more than homes are worth […]<\/p>\n","protected":false},"author":129,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[564,682,1142,814,293],"class_list":["post-641","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-depression","tag-framing","tag-housing","tag-recession","tag-social-construction"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thesocietypages.org\/thickculture\/wp-json\/wp\/v2\/posts\/641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thesocietypages.org\/thickculture\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thesocietypages.org\/thickculture\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thesocietypages.org\/thickculture\/wp-json\/wp\/v2\/users\/129"}],"replies":[{"embeddable":true,"href":"https:\/\/thesocietypages.org\/thickculture\/wp-json\/wp\/v2\/comments?post=641"}],"version-history":[{"count":8,"href":"https:\/\/thesocietypages.org\/thickculture\/wp-json\/wp\/v2\/posts\/641\/revisions"}],"predecessor-version":[{"id":1438,"href":"https:\/\/thesocietypages.org\/thickculture\/wp-json\/wp\/v2\/posts\/641\/revisions\/1438"}],"wp:attachment":[{"href":"https:\/\/thesocietypages.org\/thickculture\/wp-json\/wp\/v2\/media?parent=641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thesocietypages.org\/thickculture\/wp-json\/wp\/v2\/categories?post=641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thesocietypages.org\/thickculture\/wp-json\/wp\/v2\/tags?post=641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}