Another Great Depression Looming? Some facts--You Judge
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remember that there were some other factors involved in the great depression: the drought in the lower mid west ( Oklahoma dust bowl) , the bank failures ( no FDIC) and no computer analysis of trends and economic conditions available. very little media coverage until days after an event. and finally the market crash fueld by extreme margin buying.
and yet amazingly, we are in a downward fiancial cycle in america fuled by greed, a government spending out of control. sad but true.
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all the simptons of great deppression are speaking loud out there remenber is very hard to detect it in the day to day basis is a very slow process ,but defenetly is a trend downwards that everything is gettig bad because the causes still there and the solutions are absence One thing that is very the same to 1930s is the fact that people still leaving like the party still going on Lets keep enjoying our 5 dollars late inour nearest starbucks
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You cannot compare the damage of two car wrecks when one isnt at the wall yet...
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Companies are failing at record rates, unemployment is skyrocketing. Do you actually believe the Gov.6.1% figure. There is no bottom when this is over you will wake up in a third world province. Revolution is coming dude.
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Bear market of great depression lasted 33 months. How long has this bear market lasted: 12 months. Is the bear market over? Hard to say. Get back to us in another year.
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great information, good video ;)
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thank you for your comment!
I'm definitely NOT saying "it's over". I don't think it is yet. My advice is "DON'T PANIC". Get smart, work on cash flow.
Jacob Nordby
jacobnordby 3 years ago