Dear Folks, Arguably, most Americans are already depressed, and on meds, with good reason. So, PSYCHOLOGICALLY Speaking, America is already in a Great Depression. But let us confine our thoughts to whether or not the USA is headed for another Great Depression, ECONOMICALLY Speaking. For one thing, USA housing prices are ridiculously high. These days, shoe-box-size houses in dumpy neighborhoods in places like San Francisco, what I would call RABBIT-WARRENS, are selling in the MILLIONS, and with many homeowners suffering bad neighbors, too, like Clammy Sammy. Obviously, due to the neighbors, the Russian Hill neighborhood is nothing more than a chocolate covered slum. Now, in Russian Hill, one can expect RICH-FREAKS as neighbors, maybe like this duo: Is San Francisco sort of a microcosm of the rest of America, other than Maine, and Dubuque, Iowa? The ENTIRE USA Housing Inventory is priced Sky-High; and housing developments full of neighbors nobody wants, not to mention the policing in such places being carried out by paramilitary in full combat gear. Have things gotten out of hand in America? And, really, objectively speaking, what is the writing on the wall, in terms of when the USA will be hit with a major depression, one which will make the 2008 crash seem like a minor burp. What are the factors we see that make the next depression unavoidable? Nobody enjoys a good depression, and yet they happen whether we like them or not. So why is this happening now, meaning the crazy housing prices? And, has money become almost worthless, compared to the value of money 40 years ago? And, how will people live when this next major depression begins to really take hold? Do you think ITR is on target, but off by about 8 years? Will the next depression hit earlier than ITR predicts? Why? https://blog.itreconomics.com/blog/top-5-causes-2030s-great-depression Are you ready? Best regards, Gamma Important Note: I am ready, because I choose NOT to live in places like San Francisco, where things will get WAY out of hand, in a hurry. If we think that things in SF are already looney, they are not. They are not compared to what is yet to come, and soon.
