Why do you want to avoid a depression? Everyone knows that all the bad stuff happens during the boom; depressions fix the economy.
Okay, that’s it. You are no longer allowed to watch re-runs of the Waltons.
“Okay, that’s it. You are no longer allowed to watch re-runs of the Waltons.”
Jokes are fun and all, but seriously, what do you think a depression is? I believe depressions are caused by credit expansion, which encourages bad investments. Bad investments must clear, easy credit must tighten, and people must save and invest in new capital for there to be a recovery. Depressions are recoveries.