[rb22982]

By the way, U6 unemployment is at 12.5% which is the #s the gov’t use during the depression. Oh, unemployment rate didn’t hit double digits until 1931 by the way.

[expat_panama]

U6 unemployment is at 12.5% which is the #s the gov’t use during the depression.

Which gov't source is this?

[Brilliant]

10,000 banks failed during the Great Depression. So far, we’ve had 23. The money supply contracted by 30% during the Depression. Our monetary base has almost doubled in just two months.

http://research.stlouisfed.org/fred2/series/BASE

We’re in a recession, but it at this point the recession we’re in doesn’t even rival the 2001 recession in depth, and that was the mildest recession in history.

If you want to compare this recession to the Depression, then you should have some parallels. But where are they?