3f52 Fanbolt Forums - View Single Post - Are we headed for another Great Depression?
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Old 02-13-2009, 05:26 AM   #6 (permalink)
Marco
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I fear a great depression too... I read that the situation is worse than in 1929. And back then the depression only disappeared because World War II broke out, 10 years later. So it could take much longer than just one year.

However I also read reports that the stockmarkets should crawl a little up in the second half of this year, so that's hopefull. Another thing is that stockmarkets have eased at this moment. Amsterdam Stock Exchange keeps hanging around 250 points, and Dow Jones around 8000 points.

But when you think about it: it's really crazy isn't it? If everyone would have 'trust' and just spend money, the economy would go up. But because people don't trust, it goes down... It's crazy when you think of it that way...
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