Do you believe that America is teetering on the brink of a disastrous failure of the economy in the style of t

Question

he 1920's?

Answer 1

The Fed can no longer control the economy with interest cuts. Now they have to give $100 billion to the 'stock market' last week to shore up bloated overvalued stocks. They are propping up losers right and left and the Wall Streeters are buying mansions, yachts, etc. Sounds like middle men are profiting from the 'Feds' largess.
Now that the government has shipped so many jobs out of the country the inevitable crash will be economy destroying.

Answer 2

It's doubtful since are economy is many times larger than the one in the 20's. This economy is also based on more factors than theat of the 1920's. We are headed towards a recession for sure. Banks are hurting, jobs are being outsourced (that's coming back to bite us, mattel anyone), the middle class is disappearing. The brightside of any downturn is investing is cheaper during a bad economy than a good one. But real estate and stocks now so when the next boom hits (and it will markets are cyclical) you will have plenty of money.

Answer 3

I believe we are in the hands of leaders who don't care about the American people in the way and tradition that was followed by some of the honorable American men and Presidents of the past. And that of course includes the way the economy is being handled.

When you are led by the opportunistic, whose main agenda is to protect the interests of those who puts them in power and whose bank accounts have enough for 10 more generations after them, and who are a product of the belief that this policy is essential to impact all levels of society in order to keep those they choose in power while those they don't want out, then the economy, as it relates to you and me, is not something they are concerned with...

I don't think we're going to end up like in the 1930's (which is what I think you meant) but I know that in order to see a positive change in our current middle class America, we as Americans are going to have to learn to DEMAND that in the greatest country in the world, the pursuit and the right to happiness is exactly that, our right, and not something for politicians to **** WITH...

They, as the appointed leaders, should honor the commitment they so readily made when we put our trust in them to guide us through to an always improving and better futures. When they show us they don't care and will not deliver on their promises and commitments we should not allow them.

Write to all your representatives today. Tell everybody you know to do the same. Join organizations that are genuinely committed to this... Today. You want the life you deserve? Are you working hard and doing your part for you and your family... why should we, even for one second, let them destroy it?

Answer 4

I think you need to read your history books.

The 20's weren't called the roaring 20's because the economy was in the dumpster.

If you are talking about the great depression, which was in the 30's. The major cause was the Smoot-Hawley Tariff act and the protectionist sentiment in the US. Today, globalism has progressed too far to let that happen.

Answer 5

no. The economy is far too diverse for that. However, there will definitely be some correction and washing out, if you will. By that, I mean certain companies will go out of business, lots of people will lose their homes and jobs, and there will be some suffering. But, by and large, the economy will continue to roll along.

Answer 6

No.

I believe this expansion cycle may have accumulated enough problems to cause a recession (sooner or later), but I believe in the strength and soundness of the US system that has pulled us through many setbacks before and will pull us through this one just fine.

Answer 7

No. There has not been a speculative bubble or excessive exuberance of the kind that preceded the 1929 crash. The stock market tends to over-react.

Answer 8

We have gone thru worse times since then and came out ok. I believe we can get thru the troubles today.