The Media Needs A Back To The Future Reality Check
Lets compare the Great Depression to the present
Unemployment
- 25% were unemployed in the United States 60 yrs ago
- Only 4-6% is the current unemployment rate
Banks in serious trouble
- 1 in 3 Banks were in serious trouble in the great depression
- Only 1-2% of Banks are in serious trouble throughout the US
Stock Value
- Over 60yrs ago The Stock Value lost 90% of its value
- Just recently the The Stock Value lost only 40% of its value (But is almost back to normal now)
Hellooooo Mcflyyy, Wake Up Media, You need a Reality Check!
- We are not in another Great Depression. Rescission, slow market maybe but not a Great Depression!
- Stop telling the Nation, Banks are not lending loans now. That is insane. Guidelines may have tightened but people are still borrowing money and Banks are still lending them.
- People are still buying and selling houses, I can't believe the media are saying that people are not buying houses now, serious Reality Check is in order.
- Bad News and Hurtful news maybe more popular but come on. The truth is here, the market is always finding a way to correct itself and Real Estate will last forever.
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