Forget a U.S. Recession: Are we in an economic depression?

Posted March 5, 2008

"You know by now that I’m no Pollyanna. I don’t trust the Fed or the feds. They have placed us in an untenable position with no simple method of escape." — Russell McDougal

by Russell McDougal

Baltimore – (TFN): There has never been a more difficult period in U.S. history to discern the economic times. People don’t understand money. They don’t understand how manipulated our markets and statistics are. These are anything but normal times and you need to protect yourself.

You know by now that I’m no Pollyanna. I don’t trust the Fed or the feds. They have placed us in an untenable position with no simple method of escape. Our current election is like another changing of the guard at Windsor Castle. Bodies move around but everything remains the same behind the scenes.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Receive Investor's Daily Edge FREE!

Investor’s Daily Edge is a FREE investment newsletter that’s delivered by email before the market opens. In each weekday issue you’ll receive clear recommendations and practical strategies for protecting your portfolio and multiplying your money – whether the market is rising or falling.

Investor’s Daily Edge is written by a select group of market experts, each with their own style of investing. So whether you are a long-term investor, a short term trader, or a prudent speculator, you can count on useful advice you can take to the bank. Sign up today and get our free must-read special report… Learning from a legend: How Warren Made His Billions.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Please look at the black line on the following chart that looks backward to what is known as the “Great Depression.” Find the chart and read on to learn whether we're heading into not just a recession, but a depression.

****Make sure you sign up for our FREE TFN News Feed for breaking news, special reports and new financial videos. You can pick your favorite reader . Or if you prefer, you can have the feed delivered to your email .