As a small example and although not complete evidence of a ‘depression’, as there are many components and economic indicators, this can even be evidenced at your local supermarket. We’re talking about inflation. Though most would believe inflation means only higher prices and an out-of-control downward spiral of monetary value, it’s not the only indicator. The next time you decide to purchase a can of soup, you might notice the quantity of each can produced went from 15 ounces to 12, for example. That’s not to say you’re being ripped-off by the company selling you the product, but an indicator that they also have to adjust their pricing models in response to their rising production costs due to their suppliers raising costs as well. In summary: You’re paying the same amount for less. The same goes for rice, sugar, ice cream and other various food/beverage products.
According to Al Lewis on The News Hub, we’re actually in a depression right now, but most people don’t see it. One out of seven Americans are on food stamps – if they weren’t getting cards in the mail every month, you’d see them in soup lines.
Video link: Why the U.S. Is in an Invisible Depression (Wall Street Journal)