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Falling gasonline prices have had me worried for a couple weeks now, for me its a sign that we are on the cusp of a double-dip recession. Growing income inequal
by Aloha 13y ago
Falling gasonline prices have had me worried for a couple weeks now, for me its a sign that we are on the cusp of a double-dip recession. Growing income inequality belies a wider underlying weakness in the economy. The Depression grew from a decade long recession in the agricultural market, it was sparked however by a stock market bubble imploding that caused widespread bank failures. The failures of the banks are what turned it from a blip (see the post-dot-bomb era) into a worldwide crisis. I believe honestly that the next 5 years its going to be about as bad as the last 5, but hopefully should improve going forward.