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Great Depression 2 by 2011?

November 22nd, 2008 at 06:00 pm

This morning I read a thought-provoking

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article that predicts a second Great Depression by 2011. I like to think of myself as a positive person and try not to fixate on doom and gloom. But, I do believe this article addresses some of the issues that are contributing to the general instability of the economy. And, apparently at least 1,665+ people were compelled to comment after reading it. How I hope Paul Farrell is wrong this time.

6 Responses to “Great Depression 2 by 2011?”

  1. monkeymama Says:

    I guess I am curious how long of a recession there was before the Great Depression. Seems like we have barely got into recession territory and everyone is expecting the worst. (Heck, predicting Depression before we even hit recession).

    Then again, it seems like there are a lot of similarities between now and the 1930s.

    & I just had to comment about the 1665+ comments. O.M.G. !

  2. campfrugal Says:

    Michigan has been in a one-state recession for a couple years. I don't doubt, that if the Big 3 fails, we will be in a depression before other states. For sure, we will be depressed.

  3. Brenda Says:

    Same goes for Ontario, Canada. The GM truck plant is closing.

  4. fern Says:

    I read Paul Farrell often. He is very doom and gloom. Let's hope he's wrong.

  5. terri77 Says:

    I think we are in a pretty dire situation. There's no way to predict with 100% certainty what will happen, but I'm doing everything I can to protect myself should things get much worse.

  6. analise Says:

    terri77 - I'm with you... I'm fervently hoping it won't happen but taking steps to protect ourselves in the event the economy gets worse.

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