Current Events
Economics
ECONOMICS: Depression Hits Detroit: Average home price $18,513 – Unemployment rate 21% (Tribble Ad Agency)
The Great Depression has reached Detroit. The average price of a home is now $18,513 and unemployment has reached 21%, and it’s expected to get worse. Detroit is facing a crisis of epic proportions that officially puts Detroit statistically (and real term) on par with the great depression.
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Current Events
Economics
US Army ready if the downturn gets out of hand (NY Post)
In a report published Nov. 4 – just in time for the holiday season – the War College’s Strategic Studies Institute posited a number of shocks that the country should be prepared for, including unrest caused by the economy’s failure.
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