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hazelrocks23
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hazelrocks23
31 posts
Nomad

the U.S public has been losing luck for a while... and a whole lot... you guys think there will be a second great depression?

  • 13 Replies
Rinjo
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Rinjo
53 posts
Peasant

The Great Depression was set off by many contributing factors but mainly the crash of the stock market. I don't think this would happen again but I could see a depression in our future.

FloydTC
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FloydTC
2,906 posts
Nomad

I dont see whats so great about a depression. and the recession is mostly over, so there wont be a second great depression for a while.

XVERB
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XVERB
3,137 posts
Nomad

people are about to buy alot of stocks. i know this because they like to buy stocks when a stock is wayyy down. then it will only be a small loss or it will go up alot.

Shoestring
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Shoestring
152 posts
Nomad

God I hope not, I have family members there....

cenation
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cenation
96 posts
Nomad

maybe anything could happen.

Uproar
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Uproar
333 posts
Nomad

We are not even out of the depression, so to question a second one is out of the context.

Xcalibur45
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Xcalibur45
1,830 posts
Farmer

At the rate we're going, no we won't have one. Though Obama is spending a lot, we are very slowly pulling out of this Financial crisis.

Kyouzou
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Kyouzou
5,061 posts
Jester

We are not even out of the depression,


He's referring to the Great Depression which took place in 1929 after Black Tuesday. The current worry is that the depression the global economy is in currently, will develop into a second great depression.

I don't think so, simply because the economy has been improving as has the stock market. But you never know, it is possible.
Nightfang21
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Nightfang21
117 posts
Nomad

No because now with advanced technology we can track how little or how much the DOW goes down and we can try to fix it.

theone99
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theone99
3,041 posts
Shepherd

Though Obama is spending a lot, we are very slowly pulling out of this Financial crisis


It's through a financial technique you usually see with housing, spending alot will give you more in return, but of course over time.


I don't think we will, it's an El Nino season (more rain) and our few farms left will gross in.

Also, we now have better ties to allies to aid us when we are in financial need.


The only state (i know of) in debt is California, I wonder if Obama ever thought of getting rid of it..
Uproar
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Uproar
333 posts
Nomad

No because now with advanced technology we can track how little or how much the DOW goes down and we can try to fix it.

If that really was the case we would not be in the situation the global economy is in right now.
MRWalker82
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MRWalker82
4,005 posts
Shepherd

Nah, we were fairly close there for a while, but our markets stayed strong despite losing a lot of ground, our housing market, although still in a correcting market, is leveling off and will soon be back on the rise, and we still have a great amount of job security. The likelihood of anything comparable to the Great Depression is slim to none.

balerion07
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balerion07
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Peasant

[quote]Though Obama is spending a lot, we are very slowly pulling out of this Financial crisis


It's through a financial technique you usually see with housing, spending alot will give you more in return, but of course over time.

I don't think we will, it's an El Nino season (more rain) and our few farms left will gross in.

Also, we now have better ties to allies to aid us when we are in financial need.

The only state (i know of) in debt is California, I wonder if Obama ever thought of getting rid of it..[/quote]

Your misconceptions are huge.

1. Spending a lot during Japan's Depression in the 1990s only gave them more debt.

2. We are no longer an agrarian society and many of the true farmers that are left can barely make any profit due to corporations.

3. Allies that WE give money TO and allies that are ALSO in DEBT. We sent 54 BILLION dollars to Greece. Remember that?

4. Just to name a few states with debt problems:

Wisconsin, Massachusetts, Ohio, Mississippi, Louisiana, New Jersey, California, Connecticut, New York, and Illinois.
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