Economist: Coming economic shocks could spark depression »
Posted By TechnologyExpert 1 year, 6 months ago in Business & FinanceWhen a Gallup Poll showed that 59% of Americans believe a full-fledged economic depression is "somewhat likely" within the next two years, WCCO News in Minneapolis sought out economics professor Raymond Robertson to ask, "Is this the recession that will become a depression?"
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Charlson1 year, 6 months ago
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"However, he worries about other problems that could eventually spark a depression, including our "astronomical" trade deficit, the falling dollar, and our out-of-control national debt, much of it owned to other nations."
This, I feel, is going to be our down fall while the republicans and many democrats with blinders on are being led by the Pied Piper Bush on the golden gravy train of disaster.
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Beau78901 year, 6 months ago
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Though there are some who worry about this every time there's a recession, it really looks like there's no way out this time--it's hard to imagine the usual measures (Fed lowering interest rates or government giveaways to stimulate business) fixing the problem of skyrocketing energy and food costs or that of stagnant wages and layoffs during a time of massive inflation. The next several years don't look good at all.
And the $11 (or $28, depending on whose information you believe) we'll all save on a "gas-tax holiday" is gonna prevent a depression. Idiots.
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