Are the economic signs today merely the birth pangs of the coming depression that will ruin America?

Question

Are the economic signs today merely the birth pangs of the coming depression that will ruin America?

Answer 1

I feel we need to be prepared either way it all depends on how things work out i kind of wonder about the countries wo dont like us bet they love this mess

Answer 2

It is hard to say. America is resilient. However it could be if liberals are not brought under control.

Answer 3

No. It's the cycle of things. On the other side of this, there will be a new wave of technological advancement like it was during and after WW2. I look forward to it.

Answer 4

Due to the housing situation (with hundreds of thousands of loans about to become defaulted), America is on cusp of a depression. Yes, recessions are cyclical, but depressions are not.

Answer 5

No; it is not even clear whether or not we will be entering a recession any time soon.  By historical standards, the current economy is good.