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Originally posted by Skada
IMO, we already are in a depression, and the government is lying about the true unemployment rate. They keep saying it is around 9%. I think it is already past 20%.
Depression affects an estimated 121 million people worldwide and the antidepressant drug market reached sales of almost $11 billion in 2008.
The major players in the antidepressant market are Wyeth, Eli Lilly, Forest Laboratories, GlaxoSmithKline, Pfizer, and Schering-Plough. Wyeth's Effexor holds the largest market share in the antidepressants market, at 36% ($3.93 billion), while Eli Lilly's Cymbalta grew the fastest, with sales jumping by 29% from $2.1 billion in 2007 to $2.7 billion in 2008.
Percent of adults 18 years of age and over who were current regular drinkers (at least 12 drinks in the past year): 52%
Percent of persons 12 years of age and over with any illicit drug use in the past month: 8.7% (2009)
I don't believe we will see a full blown depression anytime soon. But that won't keep the doomsayers from hoping for it.