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Originally Posted by Wondermonkey  Ahh, um, we're already there man. With house prices falling quicker than when they did during the Great Depression, things don't exactly look good for us. |
Not so fast… Depression is not a term to be written lightly in the context of an economic history and is reserved for those oh so special occasions of trade and industry shutdowns. While the line is not firmly drawn between depression and the lighter softer recessionary periods a noticeable shift in the choice of language has occurred as the U.S moved along with 0.9 percent in real GDP growth last quarter above the projected amount for the time space (0.6) with total rebound projected as early as 2010.
For those gasoline consumers rejoice or cower as its mortality although apparent since its inception is unlikely to occur in the lifetime of anyone able to read this whether its refinements to the Fischer-Tropsch, Bergius, or the Karrick processes, the advancements of thermal depolymerization or those thermo-chemical conversion applications already commercially undertaken field testing deployment like Royal Dutch Shells hydrothermal upgrading processing facility in the Netherlands, or the progress in drilling and processing equipment that allowed the discovery, view, and contemplation of the largest reserves outside the Arabian peninsula. (Alberta Tar Pits) Petitions, deregulation, or blah. Just play nice with the Canadians in the mean time.
