The Next Great Depression?

Soon on it's way. Much of the world's economic infrastructure has changed inc. that whole euro thang that is behind the march to Iran.

So those who be aware how long until the next great fall?

Hi!

 

I would say within five years if I had to take a guess. It really all depends on what happens in the world over the coming years.

 

At present, I see the world doing the same thing its always done, you have a positive period, then a bad period. Right now in the US we're going through a good upswing, and hopefully that'll last several years (longer, I hope, but you can never tell).

 

How can you say we are going through an "upswing" when we have record deficits and an extremely depreciated dollar? This country is in debt up to it's eyebrows. The current state of the stock market has very little to do with this country's overall economic standing.

 

Brilliantly put, Nostradamus. So what happens in the future depends on what happens in the future? How perceptive.

Because economic growth and the federal budget deficit are two entirely different things. US GDP growth is far faster than in the EU or Japan, has been for years, and is expected to stay higher too. Inflation and unemployment are low. That's meaningful. Meanwhile, if we don't have another Katrina, the deficit is going to go down. Will you conclude the conspiracy is cancelled, or will you just lose interest in the deficit when that happens?

Is this "extremely depreciated" dollar the same one that rose 15% against the Euro in 2005? Is it the same dollar that in 1988 got you 125 yen and 18 years later is worth 118?

If we are up to our eyebrows, then how does Italy survive with nearly double the US burden (as a % of GDP), much higher unemployment, and GDP growth which has averaged less that 1/3 the US growth rate over the last five years?

Not that I haven't told you all this before, of course, and not that you haven't completely failed to prove me wrong on any of it. As predicted, you just repeat it anyway. It is just interesting to see how determined you are ignore all contradictory information and stay in the warm embrace of the conspiracy theory.

 

Nothing is an accident. The free market isn't free someone somewhere has to control it.

 

You're my hero point blank

 

Ya know like I sorta think we are too, but then again I have faith in the monopolies. The super economists that run those companies arn't going to loose all their money without a fight. I trust those greedy bastards who control the world to do whats in their best intrest, keep churning out profits.

 

Yeah well PointBreak probably owns stock. I don't do you? Have trouble paying your bills even though you work hard...I do. I wouldn't be upset to see some of these Wallstreet Bigshots jumping out of windows, happened once before, maybe it's coming up again, who knows. I for one would like to see the Bushes and Cheney's lose their shorts.

 

It's a cycle, goes up and down with smaller depressions, but it will never be as great as the one everyone knows about. We took precautions to avoid a great depression.

 

Those precautions are to protect exactly who?

 

The economy.