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

Hopefully all it is it is a depression. The can just keeps getting kicked down the road. Any interventions the fed does just hurts us in the long run. All this does is cause inflation, and devalue the dollar, eventually no one will want it. Yeah the dollar is up now, it’s because nobody believes in the banking system and is trying to get cash out their banks. The best thing for us is to let all these businesses fail and have a free market, let someone new run the business is the right way. Our economy has been shite since the late 70s, and this is just a ripple from 2008. The fed will put patches on this, and the next bubble will be the last one.