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I know its been asked a thousand times. But things change fast so my updated question is do you think that we are going to have another great depression? To have asked that question 6 months ago might have elicited a different response.
Not in the near future. It took 70 years for a major melt down like 2008. In sitting in my Fidelity meeting I'm told we're positioned much stronger now, and any downturns will be minor like others we've experienced prior to 08.
Not Likely - but a substantial portion of the public has yet to understand that the prosperity of 1945-2000 was an artificial result of World War II. We have to compete under the same rules as everyone else now, and there will continue to be a collection of malcontents at various points in the political spectrum (perhaps I should say "circus") who will go looking for someone -- anyone to blame, and proclaiming that we will all "walk hand-in-hand to the Promised Land" if we just surrender more of our options to the Enlightened Few within the Beltway.
Tying down "safety valves" within the marketplace only guarantees that a new clique of connected (and unscrupulous) fools will eventually find a way around them; that's what the build-up and meltdown of 2000-2008 was all about.
This is what I thought five months ago: http://www.city-data.com/forum/32442661-post27.html
Since then, the number of commercial bankruptcy cases has significantly declined. See Wall Street Journal article at: U.S. Commercial Bankruptcy Filings Fell 24% in 2013 - WSJ.com
However, the economic landscape has not changed significantly; and unless the government can reassert regulatory control over banking and financial markets, we are headed for another blow to an already faltering recovery.
No but like any recession some areas even to local are showing good growth and other not.recovery is never equal especially as economy shifts.
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