America, Here Comes the Great Depression 2.0

[mystery-ak]

America, Here Comes the Great Depression 2.0
Joseph Semprevivo

Posted: Apr 24, 2021 12:01 AM

Even as millions of Americans are vaccinated, the COVID-19 pandemic has left the U.S. economy in shambles.

Mortgage rates are climbing above 3 percent, while gas prices are skyrocketing—increasing more than 50 cents per gallon, with no end in sight. There is a global shortage of computer chips, generators, and houses. America’s housing market is nearly 4 million homes short of buyer demand, undermining the career prospects of Millennials and other generations.
CARTOONS | Steve Breen
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At the same time, businesses of all sizes continue to be crushed by COVID-related restrictions, especially in blue states. In February, nearly one-quarter of U.S. small and medium-sized businesses were closed—up from 14 percent in October. The worst may be yet to come: 13 percent of small business owners—millions of employers—are prepared to close their doors if economic conditions do not improve later this year.

Then there’s unemployment. Based on the U6 unemployment rate, which accounts for workers who have quit looking for a job and part-time employees looking for full-time work, joblessness is well above 10 percent of the labor market. Last year, over 8 million American families experienced job loss, and millions more remain impacted.

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https://townhall.com/columnists/josephsemprevivo/2021/04/24/america-here-comes-the-great-depression-20-n2588451

[Fishrrman]

When the stock market has dropped to 10,000, talk about "Great Depression 2.0".
Until then, it's all speculation.

[libertybele]

When the stock market has dropped to 10,000, talk about "Great Depression 2.0".
Until then, it's all speculation.

 IMHO this market is still reaping the benefits of a President Trump.  Once Dementia Joe's inflation hits, and we experience higher taxes, higher unemployment, higher gas prices, higher food prices and having to go 'green', we'll see the 'Great Depression 2.0.

In addition I think we'll see continued violence and riots.

Lots to look forward to. /s