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  LiveWire / Teen Forums / Science & Business / Viewing Topic

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


Soothsayer
Reply
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.

-------
The mind may forget, but the heart always remembers.


3:17 pm on Oct. 12, 2008 | Joined Aug. 2008 | 94 Days Active
Join to learn more about MystiqueBeauty16 South Carolina, United States | Straight Female | 10395 Posts | 12759 Points
tait


Omnipotent One

Patron
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I'm pro the mass suicides.

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Hardcore liberals are
just as stupid as
Redneck inbred republicans.

3:18 pm on Oct. 12, 2008 | Joined April 2005 | 890 Days Active
Join to learn more about tait Scotland, United Kingdom | Straight Male | 9605 Posts | 19612 Points
TJHat16


Connoisseur
Reply
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 | 487 Days Active
Join to learn more about TJHat16 Ohio, United States | Straight Male | 1420 Posts | 6412 Points
switchfoot52

Visionary
Reply
we are already in a depression

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

3:18 pm on Oct. 12, 2008 | Joined Sep. 2008 | 49 Days Active
Join to learn more about switchfoot52 Wisconsin, United States | Bi-curious Female | 7681 Posts | 8322 Points
Ethryx


Soothsayer

Sustainer
Tech Support Leader
Reply
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 | 353 Days Active
Join to learn more about Ethryx New York, United States | Straight Male | 4182 Posts | 10534 Points
( MystiqueBeauty16 )


Soothsayer
Reply
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.

-------
The mind may forget, but the heart always remembers.


3:19 pm on Oct. 12, 2008 | Joined Aug. 2008 | 94 Days Active
Join to learn more about MystiqueBeauty16 South Carolina, United States | Straight Female | 10395 Posts | 12759 Points
sub800


Dairy Product Addict
Reply
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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*eats chicken*

3:19 pm on Oct. 12, 2008 | Joined Sep. 2008 | 40 Days Active
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kk327


Visionary
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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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Los pollitos dicen pío, pío, pío

3:19 pm on Oct. 12, 2008 | Joined Aug. 2007 | 234 Days Active
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rijames99


Dairy Product Addict
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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)

3:21 pm on Oct. 12, 2008 | Joined Oct. 2006 | 340 Days Active
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Catzcore


Executive
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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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I Love T.M =]
^ One Amazing Guy

3:21 pm on Oct. 12, 2008 | Joined Aug. 2007 | 107 Days Active
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AcidSilence


Connoisseur
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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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Pretty. Odd.
:D :D :D

3:23 pm on Oct. 12, 2008 | Joined Nov. 2007 | 173 Days Active
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Disposition


Soothsayer

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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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"call me up before your dead, we can make some plans instead
send me an IM, I'll be your friend
so I'll curate some situations, make my job a big vacation
and I'll say fck Bush and fck this war"


3:26 pm on Oct. 12, 2008 | Joined July 2007 | 397 Days Active
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TJHat16


Connoisseur
Reply
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"


3:27 pm on Oct. 12, 2008 | Joined Sep. 2005 | 487 Days Active
Join to learn more about TJHat16 Ohio, United States | Straight Male | 1420 Posts | 6412 Points
latin muscle


Omnipotent One

Patron
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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.


Best reply.


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whatever


3:29 pm on Oct. 12, 2008 | Joined Oct. 2007 | 234 Days Active
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switchfoot52

Visionary
Reply
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
Join to learn more about switchfoot52 Wisconsin, United States | Bi-curious Female | 7681 Posts | 8322 Points
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