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Technologies Review | September 16, 2018

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great depression

Could This Economic Recession Turn into Another Depression?

June 19, 2018 |

The statistics don’t lie. The clear message we are receiving from the economic data that comes out each and every week is that things are very bad in our country’s economy, and things are still getting worse. The light at the end of the tunnel is certainly not showing up in regards to the economy.

The housing bubble was the first sign we got that the economy was in trouble. The second sign was the credit markets and their freezing up. The third sign was the stock market and it’s horrific performance in the late summer and early fall of 2008. The fourth sign is that consumer’s confidence has plunged to levels never measured before in some surveys. The fifth, and most major of all these signs is the employment market and the terrible hit it has taken in the last few months. The fact that our economy lost 1.9 million … Read More