-- Posted by MystiqueBeauty16 at 3:17 pm on Oct. 12, 2008 Do you believe that we will just have a recession or do you believe that there will be a Second Great Depression for America? I think we're going into a Second Great Depression, hopefully minus the mass suicides. -- Posted by tait at 3:18 pm on Oct. 12, 2008 I'm pro the mass suicides. -- Posted by TJHat16 at 3:18 pm on Oct. 12, 2008 No it will not be a second great depression -- Posted by switchfoot52 at 3:18 pm on Oct. 12, 2008 we are already in a depression -- Posted by Ethryx at 3:18 pm on Oct. 12, 2008 Another Great Depression -- Posted by MystiqueBeauty16 at 3:19 pm on Oct. 12, 2008 Quote: from switchfoot52 at 6:18 pm on Oct. 12, 2008 we are already in a depression According to the Media we are actually in a Recession. But as we all know, the Media is a big pack of pathological liars. -- Posted by sub800 at 3:19 pm on Oct. 12, 2008 in the great depression... there were lotsa people homeless n shit. now... there are gonna be lotsa people homeless n shit... but it's not gonna be a depression -- Posted by kk327 at 3:19 pm on Oct. 12, 2008 right now it could go either way, no doubt thigns are going to get kind of bad, but whether or not its actually classified as a depression or not i don't know.  some of the "top analysts" are saying we are not even in a recession yet. -- Posted by rijames99 at 3:21 pm on Oct. 12, 2008 I don't know whether it's true or not, but "they" say we could never have a depression as great as the last, since most accounts are now insured by the FDIC.  We also have a lot of foreign investment in American corporations, and Americans have investments in foreign corporations.  Both of these help stabalize things when the domestic market is bad, i think (hope) -- Posted by Catzcore at 3:21 pm on Oct. 12, 2008 i have no idea how the states are doing, simply because i dont watch US news, just the UK. i dont think the Uk will go into a depression because our Government is pumping £500bn into our economy to keep it going, even though we've lost over 30 Thousand jobs and our housing market, food prices and fuel prices are all over the place. -- Posted by AcidSilence at 3:23 pm on Oct. 12, 2008 Theres no way we are going to avoid this Second Great Depression. Its going to happen. Maybe not now. But i believe it will in my lifetime. -- Posted by Disposition at 3:26 pm on Oct. 12, 2008 It's just going to be a recession. Once the election is over, it's going to start calming down. There's a lot of uncertainty right now, and that's making it worse. The stock market is like... a psychological barometer. When people freak out, so does the stock market.   I know that practically everyone has been affected by it, and I know it's not just the stock market. But during the 1920s-1930s, there were no regulations like we have now to keep the economy under control. Obviously, there needs to be more regulations, but it will calm down.   One of the reasons the economy got worse during the Great Depression was because the gov't didn't intervene fast enough. The gov't is going to buy up the bad loans, pump some money into the economy, and hopefully, in several years from now, the gov't will actually make money off of those bad loans through auctions. Not to belittle the situation, it is going to be a rough path ahead. -- Posted by TJHat16 at 3:27 pm on Oct. 12, 2008 Quote: from AcidSilence at 6:23 pm on Oct. 12, 2008 Theres no way we are going to avoid this Second Great Depression. Its going to happen. Maybe not now. But i believe it will in my lifetime. what evidance do you have? -- Posted by Latin Muscle at 3:29 pm on Oct. 12, 2008 Quote: from Disposition at 3:26 pm on Oct. 12, 2008 It's just going to be a recession. Once the election is over, it's going to start calming down. There's a lot of uncertainty right now, and that's making it worse. The stock market is like... a psychological barometer. When people freak out, so does the stock market. I know that practically everyone has been affected by it, and I know it's not just the stock market. But during the 1920s-1930s, there were no regulations like we have now to keep the economy under control. Obviously, there needs to be more regulations, but it will calm down. One of the reasons the economy got worse during the Great Depression was because the gov't didn't intervene fast enough. The gov't is going to buy up the bad loans, pump some money into the economy, and hopefully, in several years from now, the gov't will actually make money off of those bad loans through auctions. Not to belittle the situation, it is going to be a rough path ahead. Best reply. -- Posted by switchfoot52 at 3:30 pm on Oct. 12, 2008 Quote: from MystiqueBeauty16 at 5:19 pm on Oct. 12, 2008 Quote: from switchfoot52 at 6:18 pm on Oct. 12, 2008 we are already in a depression According to the Media we are actually in a Recession. But as we all know, the Media is a big pack of pathological liars. yes i know that. they just don't want to scare us. -- Posted by MischaELLE at 3:34 pm on Oct. 12, 2008 im not sure but we're already in such a huge recession and so many people are losing ALOT of money. like in one day my dad lost $7,000 out of his retirement account because of how badly everything is going and it's just getting worse :/ -- Posted by allsmiles at 3:42 pm on Oct. 12, 2008 Quote: from rijames99 at 11:21 pm on Oct. 12, 2008 I don't know whether it's true or not, but "they" say we could never have a depression as great as the last, since most accounts are now insured by the FDIC. We also have a lot of foreign investment in American corporations, and Americans have investments in foreign corporations. Both of these help stabalize things when the domestic market is bad, i think (hope) Well... your government's already over 10 trillion in debt... and that insurance only lasts whilst your government is keeping up with the repayments... -- Posted by palepalepeach at 4:06 pm on Oct. 12, 2008 I'm not sure, but I would lean towards no.  It's worrisome to think about either way, though.   I never thought it would get this bad.  But at least the price of gas is going down :/ -- Posted by Young Deezy at 8:31 pm on Oct. 12, 2008 Quote: from palepalepeach at 4:06 pm on Oct. 12, 2008 I'm not sure, but I would lean towards no. It's worrisome to think about either way, though. I never thought it would get this bad. But at least the price of gas is going down :/ lol yeah -- Posted by osmoticdespair at 5:30 am on Oct. 13, 2008 It will calm down until the babyboomers all retire then suddenly there will be no money as all the young people will have like a gazilion old people to work for as well as themselves and any children they have. Euthanasia may or may not be resorted to at this point.