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View Poll Results: Will America experience a 'depression' or just a 'recession' in 2008-2009?
Depression 28 47.46%
Recession 27 45.76%
Neither - (I get my financial advice from John McCain and George Bush) 4 6.78%
Voters: 59. You may not vote on this poll

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Old 07-24-2008, 12:36 PM
 
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Will America experience a 'depression' or just a 'recession' in 2008-2009? Are you prepared? How?
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Old 07-24-2008, 12:40 PM
 
Location: Raleigh, NC
9,059 posts, read 12,971,196 times
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Quote:
Originally Posted by gorgeet View Post
Will America experience a 'depression' or just a 'recession' in 2008-2009? Are you prepared? How?
hyperinflationary environment. Actually worse than a depression.

On the bright side, consumer spending will be up. People might be spending millions of dollars on the basic necessities and everyone will be a millionaire/billionaire.
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Old 07-24-2008, 12:51 PM
 
10,545 posts, read 13,585,253 times
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So far, neither. We'll see about 2009, but there are certainly things to cause concern.
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Old 07-24-2008, 12:56 PM
 
2,836 posts, read 3,496,025 times
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We are already in a recession. The real question is: "Will there be a depression?" - i.e., like that of the "Great Depression" following the Stock Market crash in 1929. I'm personally not very optimistic.
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Old 07-24-2008, 12:59 PM
 
10,545 posts, read 13,585,253 times
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Quote:
Originally Posted by Wendell Phillips View Post
We are already in a recession. The real question is: "Will there be a depression?" - i.e., like that of the "Great Depression" following the Stock Market crash in 1929. I'm personally not very optomistic.
The economy is weak right now, but we are not yet in recession.
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Old 07-24-2008, 01:02 PM
 
Location: 44.9800° N, 93.2636° W
2,654 posts, read 5,762,054 times
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its slow growth but not a recession yet. I dont think we will see a depression.
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Old 07-24-2008, 01:05 PM
 
13,053 posts, read 12,951,643 times
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Quote:
Originally Posted by gorgeet View Post
Will America experience a 'depression' or just a 'recession' in 2008-2009? Are you prepared? How?
Wow, a very stupid poll. Go figure.
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Old 07-24-2008, 01:09 PM
 
1,955 posts, read 5,267,243 times
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If Americans would stop whining and listening to the gloom and doom on the idiot box, then there should be neither.
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Old 07-24-2008, 01:09 PM
 
16,087 posts, read 41,162,235 times
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Times are pretty good here in Texas. The national media is trying to put a fright into everyone. I do think the rest of the country is in a recession, though. Maybe I'm listening to the idot box too much?
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Old 07-24-2008, 01:12 PM
 
13,053 posts, read 12,951,643 times
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Originally Posted by StoneOne View Post
If Americans would stop whining and listening to the gloom and doom on the idiot box, then there should be neither.
/sarcasm

OMG you said neither! That means:

"I get my financial advice from John McCain and George Bush"

So, you must be just another lackey for the Bush crowd?
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