This article ensures that the economy will continue to go down from here. The author said that the people who are saying that the worse of the recession is over are the same ones who believed that it was on the upside last year. There was an interesting idea included in the article that a balloon with trillions of dollars pumped into it to keep our economy stable will eventually deflate. This will most likely happen with the current problem that we have because we have taken somewhat of a socialist approach and in order to get the economy back in a fully capitalist style we will take a hit. The author predicts that we will have another Great Depression like economic problem to come.
http://www.forbes.com/forbes/2009/1116/opinions-great-depression-economy-on-my-mind.htm
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I believe that another Great Depression is extremely possible. The stock market has been going up, but it is very possible that it could go down again. If the oil prices rise much more, Americans could see another recession. We could go into another depression state.
ReplyDeleteI think it will be another Great Depression but not as bad. This are going up or down in price so you really can't tell. I think we might be going into another depression state.
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