Dispelling the myth that the economy's recovering, and the Great Depression

[Kukulofori]

How exactly do I back up my claims that these claims are full of shit? Preferably with cold hard facts on rising unemployment, etc, and news links?

I'd also greatly appreciate any links to similar reports that came out before the great depression.

[bailey_187]

The economy may be "getting better" (depends what country) but the causes of it are still here

Lack of profitable investment will again lead to investment in new bubbles that will burst. Until the surplus society produces is owned socially and not by people looking for a quick profit, it will continue.

[BobKKKindle$]

This is straight from the theoretical journal of my party, seems like a good article:



Wishful Thinking

“The Recession Is Over”. That is the message with which much of the media has chosen to mark the anniversary of the collapse of Lehman Brothers and the transformation of the credit crunch into the worst economic crisis since the 1930s. Governments looking for votes have been quick to take up the message. “We are on the road to recovery,” Gordon Brown told the TUC in September.

The message is deceptive. Recession, in the purely technical sense of a continuing fall in economic output, has stopped in some countries—for the moment at least—but the wider crisis has a long way to go. Little of the output lost in the recession has yet been made up (as figure 1 shows). Eurostat reports that it actually continued to fall in the eurozone in June and July. Claims that the banks are restored to health are preposterously premature: the Moody’s rating agency forecasts further losses for British banks over the next few years of at least £130 billion, a figure which it says could rise to £250 billion. The vast government expenditures undertaken at the height of the panic a year ago must somehow be recouped. And all the forecasters assume rising unemployment for at least the next 12 months. The economic, social and political repercussions of the crash will be with us for the foreseeable future.
That's only the introduction, the whole article is available here (http://www.isj.org.uk/index.php4?id=576&issue=124).

[PRC-UTE]

How exactly do I back up my claims that these claims are full of shit? Preferably with cold hard facts on rising unemployment, etc, and news links?

I'd also greatly appreciate any links to similar reports that came out before the great depression.

I'm working on an article about this subject now, how the nature of the recovery is setting up for a repeat of the first bubble burst. I'll put it up soon.