More Americans Believe The Country Is In A Depression Than Growingby Tyler DurdenZero Hedge Apr. 29, 2011 |
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Probably the only piece of economic news that matters today, and possibly all year, no scratch that, since the "End Of The Recession" (NBER TM) - according to Reuters: "The April 20-23 Gallup survey of 1,013 U.S. adults found that only 27 percent said the economy is growing. 29 percent said the economy is in a depression and 26 percent said it is in a recession, with another 16 percent saying it is "slowing down," Gallup said." That means that more Americans think the country is in a Depression, let alone recession, than growing. Cue crickets and a Bernanke press conference where he discusses alien abductions and 8 toed mutant Madagascar lemurs. Said otherwise, a combined 71% believe the economy is deteriorating two years after the stock market more than doubled. That can't be right... The health of the U.S. economy is expected to be a major issue as President Barack Obama, a Democrat, seeks re-election in 2012.In other news, Welcome to the Recovery (GeithnerTM) |