Do you think that we be headed for a depression like 1929? Look below at the news.?

Question

Todays news: The housing crisis. A bank failure. Oil shocks. The credit crunch. A job slump. The mortgage meltdown. Feeble auto sales. The stock market slide. A sour economic outlook was delivered to Congress on Tuesday

Answer 1

And still - we are not even in a recession.  No, we learned from that fiasco and there are now semi-independent government institutions designed to prevent large down (and up) turns plus we are not on the disastrous gold standard anymore that had a lot to do with it.  Unless oil supply is drastically reduced, we will not go into a depression (although, the ominous signs of a Chinese economic meltdown is another possibility were it to occur as it looks like it will).

Answer 2

I hope not, but it sure looks like we're headed that way.

Answer 3

No.  There are mechanisms in place that did not exist in 1929.

Answer 4

No.It is bad but we have seen worst years I think after the election things will get better its all politics now.