Posted at 10:07 AM ET, 08/08/2011

Recession, riots, and a royal wedding: Is it 1981?

What a recession looks like in 1981, and now. (AP/Paul Sancya)
Over the weekend, economists began to warn a second recession in the United States could be a lot more painful than the last one. Riots spread throughout London. A royal wedding came to completion.

Is this 1981?! Here’s what book editor Danuta Kean had to say:

Just heard about riots in #tottenham WTF? A royal wedding, riots, recession, & calls for hanging to return...have I woken up in1981.less than a minute ago via web Favorite Retweet Reply

Kean was not far off the mark. The scary news about our economy today is somewhat familiar — the last time the U.S. economy experienced a double-dip recession was in the early 1980s.

Some of the unrest in London that led to store looting is concentrated in Brixton, a neighborhood that last saw major rioting in 1981 . Both incidents, coincidentally, were a crowd reaction to police action.

And twenty years after the world watched Diana Spencer marry Prince Charles, another royal wedding (the second this year!) took place, with vows exchanged by Queen Elizabeth’s grandaughter Zara Phillips and longtime boyfriend Mike Tindall.

Let’s be thankful that some things have changed:

By  |  10:07 AM ET, 08/08/2011

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