OK. Here is the meat of the question.
With our economy in the current state it is, would two or three really hard years fuel a crash akin to the depression?
Here is why I ask. There is SO much private debt out there, as well as corporate debt, and depending on who you listen to, more debt than non-governmental assets, that if there were a bad recession (worse than the late 90's recession) for multiple years, could our economy crash due to inability to service the debts. I am not refering to the national debt, that is a whole different conversation, I am refering our economic workings - while I understand the national debt is related to overall economic health, I am not looking for a debate regarding the national debt. I am looking for prespectives on What If.
This is not a political question it is an economics question, please leave your bush-bashing or pelosi-punishing at the door.
2007-02-19
05:54:44
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5 answers
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asked by
Anonymous