do you think there will be a great depression by next summer?

Answer 1

Yes, Evidence of this is the interest rates, mid income, housing cost, gas/transportation and even our commodities ie Milk for gods sake. How much does a young family have to make now to live comfortably in America? The cost out ways the possibility of the American dream. What a shame that we have come to this and believe me it will get worse before it gets better. I pray you own your own home already and don't take a loan on it please! If Bush gets his way with another war in Iran we may not see padded pockets out side of Big Industry or Government in our life time. Please God do sign petitions and demand action in Washington. When the money situation gets past on to the next President the party they represent will be blaimed, not the current one. Isn't reality strange?
This is a very sad and depressing situation we have allowed this President to get us into and he should be punished. GBU xxoo

Answer 2

When people can't sell their biggest asset, namely their real estate, and when the job market has dwindled to where it is all too obvious that there is no growth or development, when the most prosperous people in the economy are producing Nothing in return for their earnings, there are clear signs that it has already begun. But it won't begin in earnest until after the Democrats regain control of the government, when the multi-national corporations will finally allow it to bloom for real because they don't want to pay taxes or give up having our military at their disposal to protect their assets overseas. Then the slow-witted, undereducated masses will respond by giving the government back to them, after the big fish have gorged themselves on the little fish and consolidated into USA,Inc.

Answer 3

NO!!! The depression will happen After the election of 08!!! If a depression happened before a republican would have little to no chance of getting into office.
However I won't matter who gets into office taxes will increase and The great depression will be on hand.

Answer 4

The continuing rise in oil prices will have a detrimental effect on the economy. If oil prices go into the $200.00 area (not that they will but you never know), it would destroy many counties economies, while enriching the oil producing nations. It would shift the balance of power in the world. However it would also spur the development of new energy technologies in the oil dependent counties

Answer 5

yes,

There was a good news report on Yahoo about how the banks have about 2 Trillion in bad debt THAT THEY BORROWED TO PEOPLE NOT CAPABLE OF REPAYING so there is 2 trillion dollars worth of empty, vandalized homes on their books.

Banking regulations require that a bank never have more than 10% bad loans or the Fed takes them over and kicks the bankers out into the street.

In order to return to the 10% threshold banks will have to rebuild their cash on hand in their reserves to balance.

That means they will have to withhold 200 trillion for the economy to cover what they have already done, Nobody, with good or bad credit, will get more money untill this is finished.

When good people have to pay such a high premium for money that it's no longer worth it, the economy crashes.

This is exactly what Bush and the oil corps wanted so they can now buy anything they want for .10 cents on the dollar andf become 10x richer overnight.

Who cares if you and your kids are hungry out on the street, It's not their kids going hungry.

Answer 6

I think we have regulatory controls on our economy that will prevent a "great" depression, but that we may have a minor depression. Either way, you can be sure the Bushites will call it a "recession" instead and they'll say it's just an ordinary economy cycle.

Answer 7

I can not tell yet,
there are too many variables

but we are looking over the cliff

i am looking for a bridge that may be hiding

the elite and corporations have driven us to the edge of a serious depression

Answer 8

No. We're not set up to have one. Now if the dotcom bubble and the housing bubble both burst at the same time, we might have had a bit of a hiccup, but we're not at that point now. Corrections in falsely inflated industries have been happening individually.

Answer 9

I hope so! this will be good for the Democrats and get them a sure win in the elections

Answer 10

Yes the end of the world is here because hippies do not like Bush