We now have evidence that the financial crisis in America is worse than the Great Depression.
As reported here, US housing prices have fallen some 33 percent since the market began its collapse. That's greater than the 31 percent fall that began in the late 1920s and culminated in the early 1930s.
Adding to that is the claim by Motley Fool that real wages growth in the US from 2001-2011 was actually slower than during the Great Depression decade of 1929-1939.
And then there is the chronic unemployment that the US can't seem to shake off. As CBS reports, 6.2 million Americans or 45.1 percent of all unemployed workers in America, have been jobless for more than six months. That's the highest since the Great Depression.
Just another piece of evidence to show that all the talk of recovery is delusional and misleading.
no comment untill now