The First And The Second Great Depression 2007- 2017

Nonfiction, Social & Cultural Studies, Political Science, Politics, Labour & Industrial Relations, Economic Conditions, Economic Policy
Cover of the book The First And The Second Great Depression 2007- 2017 by Heinz Duthel, Heinz Duthel
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Author: Heinz Duthel ISBN: 1230000127391
Publisher: Heinz Duthel Publication: April 23, 2013
Imprint: Language: English
Author: Heinz Duthel
ISBN: 1230000127391
Publisher: Heinz Duthel
Publication: April 23, 2013
Imprint:
Language: English

The first Great Depression. The Second Great Depression.

The Great Depression  was a dramatic, worldwide economic downturn beginning in the late 1920s and lasting through  most of the 1930s.

The Second Great Depression.
2007- 2017

Most of the logic used to support this premise is based on the government's own published data. The exuberance  resulting from the overheated stock market of the 90s caused consumers to stop saving and go into debt. Then, the  dramatic drop in mortgage rates enabled people to refinance their homes and go even further into debt. People are no  longer living on what they can afford; instead they are living the lifestyle they think they deserve, costs be  damned!  With interest rates increasing, savings rates near zero, and debt at its maximum; many people will be  pushed over their debt limit, having homes foreclosed by the banks or going into bankruptcy. Others will heed the  warnings and reduce spending, causing a dramatic slowing of the economy.

1. Start of the Great Depression to the sudden and total collapse of US stock market prices on October 29, 1929
2. Start of the second Great Depression because as a result of National Privatisation, (Neo-conservatism) and uncontrolled Globalisation

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The first Great Depression. The Second Great Depression.

The Great Depression  was a dramatic, worldwide economic downturn beginning in the late 1920s and lasting through  most of the 1930s.

The Second Great Depression.
2007- 2017

Most of the logic used to support this premise is based on the government's own published data. The exuberance  resulting from the overheated stock market of the 90s caused consumers to stop saving and go into debt. Then, the  dramatic drop in mortgage rates enabled people to refinance their homes and go even further into debt. People are no  longer living on what they can afford; instead they are living the lifestyle they think they deserve, costs be  damned!  With interest rates increasing, savings rates near zero, and debt at its maximum; many people will be  pushed over their debt limit, having homes foreclosed by the banks or going into bankruptcy. Others will heed the  warnings and reduce spending, causing a dramatic slowing of the economy.

1. Start of the Great Depression to the sudden and total collapse of US stock market prices on October 29, 1929
2. Start of the second Great Depression because as a result of National Privatisation, (Neo-conservatism) and uncontrolled Globalisation

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