Red Space Rocket

A lot of people are saying this will be the worst recession we’ve experienced since the Great Depression of the 1930s. This may prove to be true. After all, it was true of the last recession, in the early ’90s, and also the one before it in the early ’80s.

But no matter how bad this recession proves to be, it’s a safe prediction it won’t be nearly as bad as the Depression, when the rate of unemployment leapt to more than 20 per cent. So don’t let the talk of depression spook you.

Recessions don’t have to be feared | theage.com.au

When I have had history classes in the last couple of years we have learned and talked about The Great Depression. Often in these classes students will ask if it could happen again and I remember saying that it would at some stage.

With this in mind, this can be scary time to read the newspaper. However this article seems a sensible take on things and I’d recommend you give it a quick read.