Isn't the coming economic crisis likely to be as serious as that of 1929?
- ☺Lv 62 months ago
yes, it will be hell to pay
- Anonymous2 months ago
Nobody will know for sure here until it dose happen.
Only God knows all ahead of time.
- 2 months ago
I hope so. lots of people made a lot of money in 1929, great opportunity
- audreyLv 72 months ago
Absolutely. Life as we know it is over.
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- OiyLv 62 months ago
Yes, but it won't collapse the stock market. It will be so serious that the unemployment rate will be skyrocketed, and it goes to the grassroots and small and medium businesses alike. How can we repay the debts after this crisis? The printing money worldwide is not even called a stimulus package. It has not even stimulated growth to repay back the debts?
- Dr. DLv 72 months ago
NO. Every single economist is predicting a sharp but temporary economic recession. It should be less than a year long. It isn't anything like 1929 because financial institutions were in good shape when it started.
- JuanBLv 72 months ago
No. Almost 7 million people have filed for unemployment insurance. In 1929 it didn't exist.
- The TaxpayerLv 72 months ago
Unlikely. 1929 had market related causes. This one does not.