This month marks the 2 year anniversary for BlackJunction.tv! We gave the desktop site a completely new look and we are working on the new Android and IOS apps. The Andriod app should be in the app store within the next couple of weeks. IOS shortly after that.
Thanks for your support
Yusuf - Founder/Owner Black Junction LLC
Are We Already In A Depression? How Is That Different Than A Recession? Economic Narratives
What is a depression? and have we already entered a depression in the united states? is the focus of this video. First we examine the subdued GDP growth and the fact that we see deflationary prices is a major concern when we examine whether we are in a depression. Also typical of a depression stagnate wages are not keeping pace with cost of living. We also see the economy has struggled to produce even inflation. We see Robert Shiller's new book about economic narratives and how they drive our economy focused on some of these issues. And how economic narratives influence the economy by changing consumer behavior.