Is the US Really About to Enter Another “Great Depression”?

Question by psw: Is the US really about to enter another “Great Depression”?
I’ve heard, with our economy the way it is, that we’re on the verge of a depression. Is that possible this day in age? How long could it be until we are in this “depression” seeing as we’re appparently already in “recession”? And how long could it last. Is America soon to be so different it’s unrecognizable?

Best answer:

Answer by Nacho
It is not even close to what happend in the great depression. Its not eve the same concept. We are on the verge of a shallow recession. Unrecognizable huh, i guess that depends on what you view the US as.

Answer by Jared R (E Longmeadow MA)
Great question. The fact that America is about to enter another great depression is completely true. The gas prices are soaring because the middle-easterners are trying to prove to us that they can control our economy. I have a feeling that it isn’t going to stop soon. Guess what, Prices for everything is gouing higher…But wages aren’t. Likely we are going into a depression not as bad as the last, but still not a good thing. We may not even be the world power for much longer. Do you know chinese kids go to schoool for 10 hour days now? they are going to be smarter than us!

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