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The Second Great Depression - Page 11

These things only affect the poor classes of society. Look at the uuper class, they may only be affected slightly and so America still moves onward because America depends on the well off not the poor. If they need more labor they just call up the reserve of Mexicans hiding in between us.

Depression Great The

I believe some of the wealthy will feel some strain with all this happening in the stocks and housing crisis. Now that the economy is making a hard turn downwards we may see other things happening too. I just hope we pull out of this soon.

The Second Great Depression History & Civil Business Politics

Yes the lower income always carry the brunt along with the middle class. The rich do get kicked hard but have the reserves to ride it through.

Page 11 Depression Great The

I am not sure I have the reserves to see this through at all. I am glad some things are lowering in price.

Depression Great The

Stocks dive on belief global recession is at hand

NEW YORK - Wall Street joined world stock markets in a precipitous plunge Friday, with the Dow Jones industrials dropping more than 300 points in early trading. The growing belief that the world will suffer a punishing economic recession has investors furiously dumping stocks.
Ref. Source 5

The Second Great Depression

I am watching this right now as the stock market is currently down 355 points. I saw it was down over 500 at one point.

The Great Depression - Page 11

U.S. will soon face second "Great Depression"

Renowned economist Khazin predicted U.S. financial crisis in 2000
By Yevgeniy Chernyx

Whatever decision Wall Street takes right now, the demand is going to fall. What will happen to these industries? In 2000, we estimated that 25 percent of the U.S. economy would disappear. Today, we think the number is closest to one-third - if not more.
Ref. Source 2

The Great Depression Politics Business Civil & History - Page 11

The way the stocks continue to go down I believe that we may see something like this depression happening soon. Hopefully 2009 will spell some relief in this but it does not sound very good right now.