Former Labor Secretary Reich: 'I Think There's a 20 Percent Chance of a Depression'

I always thought this guy Reich was very intelligent, but I think he is being far too optimistic, there are simply too many factors driving the economy into the toilet, low paying jobs, housing crash, coming commercial housing crash, insolvency of banks and mortgage lenders, endless expensive wars and coming war on Iran, hyperinflation coming as Fed bails out "banks?!?!" The crashing dollar will decimate peoples savings accounts etc. etc. etc.-I say there is a 100% chance of depression, the corner the Fed and its policys have painted our economy into there is absolutely no way out of!-Citizen

http://www.businessandmedia.org/articles/2008/20080314131851.aspx