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re: Are we about to go into a depression? Serious question.

Posted on 3/25/20 at 6:17 pm to
Posted by Oilfieldbiology
Member since Nov 2016
37761 posts
Posted on 3/25/20 at 6:17 pm to
1929 happened because speculators were borrowing money to invest and then borrowing again to pay that interest. That was a house of cards much closer to the dotcom bubble or the housing crisis of 2007.

This is a temporary stoppage caused by government. Once they got out of the way, the economy will come back. Not instantly, but in a matter of months to years. Also we won’t have a president pushing Big government progressive policies to extend the depression until a decade later
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