Going into depression?

Thanks to you guys who actually answered my question. :| I

What ever you call it, we are headed for really rough times ahead. Technically a depression cannot be measured based on just 1 or 2 quarters. For it to be considered a depression the economy most show major contractions in multiple facets of the economy over an extended period of time. If it isn’t a depression, it will be a very deep recession.

The original Great Depression had a lot of causes, not just the stockmarket crash and bank failures. It was largely the reaction to those things by governments and consumers that caused the world’s economies to spiral into misery. Some of those reactions are not being repeated in this financial crisis, at least not yet. So I think it’s still too early to say.

“apparently you guys don’t know what a depression is.”

well, what do you think a depression is?

I believe we are on the edge of a major financial disaster. And we are in danger of another “great depression”

I think we are… probably in the next month or 2 we will have cheese lines lol(not really funny if you think about it) if you know what that means

Pretty Much Yeaa :(

Not yet…ask again next Monday.

p

the end is near.. I smell it :D

We’re not there yet, but if things continue the way they are it won’t be long and we may just end up standing in bread lines and do rationing. Not yet, but it’s really scary that it absolutely COULD happen in this decade.