The Great Depression that Federal Reserve Chairman Ben Bernanke claims to  have averted has been part of the background radiation of our economy since at  least 2008.

It's just that, like radiation, it's invisible.

We've called it the recovery, the jobless recovery, the slogging recovery and  more recently the fading recovery. We've measured modest growth in our nation's  gross domestic product to record that our so-called Great Recession ended in  June 2009. And now we are saying that if this disappointing growth suddenly  disappears, as currently feared, we will be in a new recession.

Read more: http://www.foxbusiness.com/economy/2012/08/01/depression-is-here-it-just-invisible/?intcmp=obnetwork#ixzz22VSRvCUr