The phrase Greater Depression was coined by Doug Casey a decade or so back as a way of describing the economic crisis he foresaw as inevitable, and which is now materializing.
“The phrase Greater Depression was coined by Doug Casey a decade or so back”
It should be named the Greatest Depression. The narcissist-in-chief might actually welcome being associated with anything having “greatest” in the label. And it certainly would be more honest (since “greater” implies there might yet be one even greater still). Hopefully, Americans have learned a bitter lesson and will never again voted into office someone as inexperienced or arrogant as Obama. If so, then we’ll never experience an economy this dismal again. It may take 16 consecutive years of Republican rule to straighten out (meaning majorities in House and Senate in addition to Oval Office), but it is not at all impossible to restore the U.S. to its former greatness. We just need Dems to stay out of the way.