“Not Since the Great Depression”

4/25/2007, 9:42 pm

These are interesting times. The markets rise while consumer confidence slips. Mortgage interest rates have been low for some time, but adjustable rate mortgages have become popular. Today the DJIA passed 13,000 … but home sales have plummeted this quarter.

I’ve noticed a phrase in a few financial articles lately; “not since the Great Depression”.

If you do a Google search for the phrase “not since the Great Depression” you’ll get about 2,600 results. They’re interesting. (But, remember, this is the Internet and there are no guarantees of veracity.)

You can do the search yourself, but here are just a few of the things that seem not to have happened since the Great Depression:

“Not since the Great Depression have we saved so little of our disposable income.”
NSTGD have so many felt such economic insecurity.
NSTGD has so much of the world faced widespread banking problems.
NSTGD are so many Americans losing faith in traditional capitalism.
NSTGD has there been this wide a gap between the rich and the poor.
NSTGD have we heard such upbeat predictions from our national leaders.
NSTGD has corporate America’s credibility been so strained.
NSTGD have markets responded together to the degree they move today.
NSTGD have the problems of hunger and homelessness been so severe in our country.
NSTGD has there been such a gap between rents and mortgages.
NSTGD has whole milk consumption made up a smaller portion of the diet than it does today.
NSTGD has so much corporate debt been of such poor quality.
NSTGD have so few people controlled most of the country’s wealth.
NSTGD have Personal Outlays exceeded Disposable Personal income.
NSTGD have Canadians saved so little for their futures.
NSTGD has a greater number of retirees migrated from the south to the north.
NSTGD have so many Canadians been so pessimistic about their own futures and the future of the nation.
NSTGD has the U.S. Open returned so quickly to a golf course.
NSTGD were interest rates been held so low.
NSTGD have companies been paying less.
NSTGD have so many single men lived at home with their parents.
NSTGD have more young adults had to experience a migration back to their parents’ nest to make ends meet.
NSTGD have citizens of the US held the CEO’s of major corporations in such disrepute.
NSTGD have there been so many companies experiencing as much financial stress.
NSTGD has homeownership been so tenuous.
NSTGD has America been so broke.
NSTGD have so many families, women and children been homeless.