Worldwide Depression is Still On-Track

By on June 19, 2009

Henry Blodgett posted a shocking chart and article on Yahoo Finance showing worldwide industrial output is contracting at a faster rate than the 1930’s. The debate continues as to whether the enormous fiscal and monetary stimulus undertaken thus far can stem the decline.

Click on chart for larger image:


Source:

http://finance.yahoo.com/tech-ticker/article/266057/New-Studies-Show-Economy-Tracking-1930s-Declines?tickers=%5Edji,%5Egspc,%5EIXIC?sec=topStories&pos=5&asset=&ccode

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