[Azrael]

Every time this country sees recessionary economic data people wip out the "D" word. Please, a depression is very unlikely. The recession of 91 everyone was howling about depressions-as well as in 81, and in the late 70's etc. Although anything is possible, it is highly unlikely that we will fall into a depression.

[FightThePower!]

Why is it highly unlikely that we fall into a depression? Just look at the debt most people are in. In 1929 the average person owned 50% of his house and had no credit card debt. Now, the average family has $7,000 credit card debt and only owns 30% of thier house. If we see mass layoffs, who will be able to keep up their debt payments?