Question:
"The economy starts to slow more significantly between mid 2012 and early 2015, with unemployment rising to 12% to 15%—this period will be seen as the next “Great Depression.”
http://www.hsdent.com/download/forecast0...
Will this actually happen??
Answers:
I doubt it
There is no way we are going into another Great Depression. We have the Federal Reserve to stop things like that happening. Don't listen to people like that, if you want information about the economy go to the source.
http://www.federalreserve.gov/
It sounds like a forecast from Rich Dad Poor Dad series.
Bascially, people are calling for a depression type era based on social security payouts, people leaving the workforce and the cashing in of 401k's. This is research based on the baby boomers retirement starting next year.
What they don't tell you is that most baby boomer will not be able to retire, since they're extremely debt strapped and will have to work way past the retirement age.
Overall, no one can tell you when the next crash or boom will occur, but you'll need to constantly educate yourself on current economic activities to better prepare yourself for the future.
Hope this helps somewhat.
12 to 15 % unemployment doesn't sound like a depression, that would be more of a recession.
But will it happen? Probably, at least to some degree.
Everything works in cycles. Maybe it's the planets orbitting around the sun and aligning a certain way that makes things happen, who knows? But everything goes in cycles. Even the weather, ever hear of the 100 year flood, tornado season, huricane season? The stock market gave it a name, ever hear of a bull market when everything seems to going strong? The housing industry calls it a buyers market and a sellers market. Governments, countries and/or "empires" have rissen and fell. Hmmm... Interesting, isn't it?
Unlike the last depression, the global economy has changed and correlation cannot be made.
may be less,, do you have your gold stored up...
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