Global depression? How long?
Chances are I don't live in the same country you do. I threw out the TV long ago, but every now and then I tune in to BBC radio. Their coverage of the economic woes of the past several months has been very good, but today for the first time I sensed a bit of anxiousness in the business reporter's voice. So excuse my naiveté when I ask -- are North America and Western Europe really facing a major economic depression? If you believe so, how long do you think it will last?
Update:PS I'm in the Czech Republic.
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No depression in sight. The big finance companies will be bailed out by the US government, and the whole game wil go on. This is like a game where all players have to protect the next one for fear everything collapses.
Curious: what part of the world are you hiding in?