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I was going through US history today and we touched on the Great Depression (I don't have a very good teacher). So I wasn't paying attention and I thought we were talking about present day and how everything was going to **** economically. So I pose this question, do you think we are due for another major depression?
Debt cycle- Americans are using credit cards like candy, driving up their own debt. This in turn reduces their ability to pay, and they stop buying. Then demand for goods go down. Workers get layed off. They run up debt. Yada, yada. Its being doing this for the last 10 years.
Maybe I'm nieve, in fact I'm sure I am. But come on.
Debt cycle- Americans are using credit cards like candy, driving up their own debt. This in turn reduces their ability to pay, and they stop buying. Then demand for goods go down. Workers get layed off. They run up debt. Yada, yada. Its being doing this for the last 10 years.
Maybe I'm nieve, in fact I'm sure I am. But come on.
