Thread: Is a new great depression possible?

The first great depression came under these circumstances:

- There were many years of de-regulation of the national economy, prompted by Hardings "Return to Normalcy" and ending the progressive era of influential government.
- Much money was invested in futures funds - that people would invest x amount of dollars in a fund, on the assumption that it would go up; for if it went up, then you were able to pay back the people who lent you the money in the first place. IF it didn't go up, but went down, you could not pay it back.
- There was records upon records set in the stock market.


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Is it possible? Some poeple seem to think it is already beginning. There points are:
- Hedge Fund economy and offshoring.
- Lack of an economy based on 'real' wealth, rather than inflationary wealth.
- Lack of oversight by US government into corporations and banks - BAE is one example.

no...................

Not a great depression....but we do have very hard times in the future. HOORAY for deficit spending. :|

Anything is possible...but it is not likely.

I'm in one.....does that count?!

Want some of my prozac?????

Originally Posted by JohnMaynardKeynes

Want some of my prozac?????

Tried it; only made me feel like a "Dee Dee Dee!"

Lmao!!!!!!

for all those that answered either 'no' or 'not likely'
why do you say that

I say it IS possible, because humans are notoriously bad at learning from history, there are similar economic circumstances going on, and I don't believe that our government really represents the interest of America.

Everything about this thread sucks. Put it in the economics section for christsakes.