Do you fear a RECESSION/DEPRESSION? .. I'm no economist, but I think that as humans our natural tendency...

Question

to go from extreme to extreme is the key to the current economic slump. We went from recession in early 2000's to a speedy housing boom where selling and buying made many real estate agents rich! Unrealistic loans and purchases brought many wannabe homeowners (most people) face to face with the reality-check that they could not afford their dream homes. So all these foreclosures and loan defaults followed. House prices have dropped ever since and everyone's fear of another recession has created a very tight-fisted consumer. Interest rate adjustments were aimed to generate or sustain house purchases/sales; however, our wallets are threatened, we tend to flee more than fight (fight-or-flight reaction) fight. Now the goverment is going to spend more money to stimulate the economy. In reality, we the people, should be spending money so that the country doesn't look so scared or weak and our money would have a fighting chance in the world market. SO, work hard, play hard, and live!

Answer 1

Isn't that what got us into trouble in the first place?...Anyhow, my answer is "no."

Answer 2

My boyfriend swears that we're going to go into a depression again within the next 50 years, he has also convinced me of this. I have already seen on the news a report about America going into recession. So my answer is yes!