Do you think the current credit crisis will result in more than a recession?

it seems to me people are confident maybe to confident it wont sink us in to a depression!|||Yes, because we will use this unstoppable world crisis to ferment unrest.Capitalism is crying "Bury me!Bury me!".


We love crisis.And this one is the mother of all crisises.|||For some it may, for others, no. It depends on person's financial condition; to people who have a lot of debt, who own stocks, who have 401(k) plans, people who work for major corporations and employees in down-line businesses (vendors ans suppliers) will be particularly hard hit. But if you are not exposed to risk, have discretionary income, and manageable debt levels, then the effects of a recession should be minimal. |||It all depends how we react to it, and I do not mean governments, and banks, and stock exchange, but the normal everyday people.


If we search and find for the root cause of the crisis we will be able to find the solution.


Here is an excellent analysis on the current economical crisis, and hopefully it will help with your answer:


http://www.laitman.com/2008/10/analysis-鈥?/a>


All the best.