A recent CNN/Opinion Research poll finds nearly 60 percent (60 percent!) of Americans are now anticipating a depression—25 percent unemployment rate included.
Economists, however, expect unemployment to rise another percentage point next year, to 7 percent or so, or, at worst to about 10 percent. (For reference, unemployment reached nearly 11 percent in the early 1980s. It's now at 6.1 percent.) Most economists expect recession—not depression.
keyboard shortcuts: V vote up article J next comment K previous comment