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  LiveWire / Teen Forums / Science & Business / Viewing Topic

The Second Great Depression
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Replies: 19Last Post Oct. 13, 2008 5:30am by osmoticdespair
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( MystiqueBeauty16 )


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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.

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The mind may forget, but the heart always remembers.
No matter what I say, I realize I am a sexy beautiful talented lady.
"Lemmings."-Edited by TLM 1/4/09 at 04:52 Central


3:17 pm on Oct. 12, 2008 | Joined Aug. 2008 | 122 Days Active
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tait


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I'm pro the mass suicides.

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3:18 pm on Oct. 12, 2008 | Joined April 2005 | 922 Days Active
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TJHat16


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No it will not be a second great depression

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"Thats my advice, Take it or leave it"

3:18 pm on Oct. 12, 2008 | Joined Sep. 2005 | 513 Days Active
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switchfoot52

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we are already in a depression

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3:18 pm on Oct. 12, 2008 | Joined Sep. 2008 | 49 Days Active
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Ethryx


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Another Great Depression

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Nobody can go back and start a new beginning,
but anyone can start today and make a new ending.

3:18 pm on Oct. 12, 2008 | Joined Jan. 2007 | 377 Days Active
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( MystiqueBeauty16 )


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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.

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The mind may forget, but the heart always remembers.
No matter what I say, I realize I am a sexy beautiful talented lady.
"Lemmings."-Edited by TLM 1/4/09 at 04:52 Central


3:19 pm on Oct. 12, 2008 | Joined Aug. 2008 | 122 Days Active
Join to learn more about MystiqueBeauty16 South Carolina, United States | Straight Female | 15159 Posts | 17476 Points
sub800


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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

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3:19 pm on Oct. 12, 2008 | Joined Sep. 2008 | 71 Days Active
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kk327


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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.

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rijames99


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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)

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Catzcore


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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.

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AcidSilence


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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.

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Disposition


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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.

Post edited at 3:27 pm on Oct. 12, 2008 by Disposition

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TJHat16


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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?

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"Thats my advice, Take it or leave it"


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latin muscle


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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.


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switchfoot52

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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.

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party hardy, rock and roll. party like a rockstar!!!!

3:30 pm on Oct. 12, 2008 | Joined Sep. 2008 | 49 Days Active
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