Will the worst recession morph into another great depression? What are the odds of our economy slipping into depression? Harvard professor Robert Barro puts the probability of current recession slipping into depression at 20%.
If you are a “glass half-full” kind of optimistic person, you will be happy that there is a 80% probability we won’t face the depression. If you are worried about 20% probability, you may not be alone!
More on this story is in Wall Street Journal.