Does anyone believe there is going to be a depression, a big economic drop off?

I believe there will be a severe depression. The US debt is huge, leaving every US man, woman and child owing over $25 000 each; the US dollar is just about in free fall; the real estate boom is over and with it, the dreams of millions; as is the credit boom; finally, many of the large US banks have been making profit from very dubious transactions. Soon it will be time to pay the piper.

I cant say this scenario is impossible. But on a lighter note it will take a lot for our reserve to collapse. Yes, a lot of industry has left the country but a lot of new industry has entered, ie Renewable fuels, Low gas mileage vehicles. its up to the policymakers and you to support this industry for many apparent reasons.

Our country is simply becoming more service oriented which will

add more liquidity to our reserve which is possibly a bad thing at the moment but eventually more countries will want to invest in us to turn profit and essentially we should start to see economic growth again. Its all a cycle, and the great thing about our country is that we have the economic and natural resources not to mention geographical advantage to overcome any bad situation.

my advice is always be prepared for a bad situation but don't have a pessimistic attitude to the point that it will effect your consumer behavior which takes a lot of precident in times like these... buy American!

this is to an quantity. i could call it a foul recession so a techniques besides the shown fact that it may become an entire on melancholy. Now technically you choose 2 successive quarters of adverse GDP advance to call it a recession, however the U. S. government has messed with the gadget to make it look as though there is constructive GDP advance in usa which makes human beings sense greater suitable in spite of the shown fact that this is a sham. So technically usa isn't even in a recession not to point a melancholy. That being pronounced, there is not any gentle on the top of the tunnel for usa. usa will probably see issues get lots lots worse than they're now. Wages will must be slashed, greater unemployment, households on the line. Then i'll call it a suited melancholy. which will in all danger be 2 years from now. there is largely one way for usa to coach issues around and it basically has a 50/50 danger of doing it. If usa can effectively administration the international's oil marketplace, it is going to leap lower back rapidly with extensive injections of funds from the government. If it can't look after this is dominance over OPEC inspite of the undeniable fact that, usa will go bust and issues gets 1930's undesirable for the U. S. and it will in no way leap lower back to the place it become. you ought to root for usa to invade Iran, because of the fact would be needed for usa to look after this is administration over oil commerce, and to look after this is place on good for the destiny.

I know that we ARE in a recession (economic slowdown) as of right now, and we have been for some time.

I can definitely believe the depression (complete economic standstill) theory. If only the government would tell us stuff like this...I think it concerns us somewhat, doesn't it?

Someone is always predicting disaster and they are almost aways wrong. However every once in a while they are right. We have had a bad streak lately with 9/11 and New Orleans, but I think nothing really bad will happen to the economy.

a recession is here already, but i dont think it will be as bad as the 30s, economy is like a ship it will take a long time to turn around but they've taken precautions to prevent a total halt

Hell yas i allready can hardly afford to drive back and forth to work every day with the price of gas and feed myself!

yeah my grandpa was saying something about that, like a recession or something. i'm not sure if i believe it or not but my grandpa knows a lot about a lot so you never know!

no.