by Stephen Lendman

One sign is the enormous worldwide financial shock, erasing nearly $8 trillion of equity wealth since late July. Another is teetering global economies, notably across Europe and America.

Still another is growing poverty, deprivation, and despair for millions without jobs, enough income, or futures. Combined they indicate Depression in its early stages and deepening.

In 2008, trends analyst Gerald Celente predicted it, saying:

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by Stephen Lendman

Indeed not. The equity markets struck out, or as highly respected analyst Louise Yamada believes: "Clearly, this cyclical bull is over," but it's worse than that with Western and other economies cratering.

Some hover close to collapse or may head there. The operative word is hard times, the beginning of leg two of the global Depression that begin in fall 2007, likely to exceed it in harshness and duration.

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