Is a depression unavoidable.

Question

With our economy in the shape that its in, is another depression unavoidable?

Answer 1

It's not only unavoidable it's inevitable.  The job losses, the mortgage crisis, stores cutting hours, high food prices, the dollar declining, and on and on and on.

It's a domino effect and until something is done soon, aside from checking your tire pressure, we are all sunk.  

Answer 2

apparently depression IS unavoidable.

i wasted THREE MONTHS in a psychiatric ward telling the miserable buggers to cheer up and what did it get me?

FIRED that's what.

maybe medicine isn't for me.

i've always fancied economics though.

Answer 3

You can avoid depression during recession by realizing the state is only temporary and that the world will soon end and Jesus will fullfill his problems. If you can't handle a situation just cares you cares on Jesus and he will take care of it. Trust me you won't be depressed.

Answer 4

Only for people so utterly ignorant of both history and economics, like you.

Answer 5

Not necessarily.  Economy is a cyclic thing.  There are expansionary periods, peaks, booms, recessions, troughs, and then of course there are depressions.

Depressions are basically "troughs" that occur for an extended period of time.  Economist view "extended periods of time" in 6 month increments.  We haven't truly been in a recession for 6 months, so we aren't even in a trough yet.

& we will have to be in a trough for at least 6 months for it to be viewed as a depression.

People worry about the economy because they are uneducated.  Sure things are bad, but what goes down will eventually come back up.

Depression is not unavoidable, with the proper precautions and changes it is definitely possible for growth in the economy in the future.

Answer 6

the fed are defiantly trying to spend us out of one, but then it will just hit our grand kids eventually