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Depression Ahead (and More Turmoil)

  In which the anecdotal equivalent of the Battle of Gettysburg is foreshadowed in America’s twenty-first century narrative  

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The European and North American economies are entering a period of depression that already resembles the Great Depression more than any other experience in living memory. This depression won’t last a decade; perhaps no more than six or nine months. It will not end in a global war, though it certainly has exacerbated international relations.  But lock-down policies to cope with the coronavirus pandemic already in place probably insure a couple of quarters that will set records for unemployment, bankruptcies, and many more painful deprivations. Now these policies are about to become the center of a political argument, the most