It’s Called a Depression

 Aleph Blog says many things are happening that are depression-like.  Here we go:

• Record high levels of total debt to GDP
• Many go hat in hand to the government.
• The spreads of the bond market are at record levels since the last depression, and maybe comparable.
• There is policy paralysis and confusion.  No one knows what to do (or leave alone), they act blindly or cower in fear.
• Ultrasafe investments have record low yields.
• Banks don’t trust each other.
• GDP is shrinking, and unemployment is increasing at a rapid rate.
• Financial businesses are failing and shrinking at high rates.
• The government comes in to “help” the markets, and ends up replacing the markets.
• The security of banks and other financial entities is open to question.