Ever since Obama has been voted as President of USA on Nov 4, there isnt much news to talk about as the whole world is going through a major financial crisis. We are more or less getting used to the fact.
But to go through a Great Depression? What are the chances? Not in our lifetime?
Seriously, if i were to get married and have children, i would be the first one to say, "When i was at your age, i have experienced a Great Depression." Though not first hand experience, but we did saw how sub-prime and credit crunch caused the US economy to tumble.
What make me going to say that?
Firstly, the economy have not picked up since US inject $700b. Secondly, under normal circumstances, Dow Jones Index should start going up after 10 months of declining, that is according to past statistics and history. Sub prime crisis started in November 07, and we are exactly one year in it. If by March 2009, the index still doesnt start climbing, then we are really in a depression with a capital D.
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