Originally posted by MOFO
Panic causes a depression - if people would just ride things out, there will be no depression. If people start to panic and pull their investments and close out bank accounts (a very large number and @ a fast rate)... then we have a problem.

Now a recession, yes, those do and will happen... its the nature of our economy.

We will not have another Great Depression - nothing that severe. I believe the only thing that would or could cause a "great" depression would be MAJOR attacks on our soil and some form of a world war.
well said

Deprssion...no
Recession....yes

There are many differences from the late twenties until now. Things are in place that were not back then.

Your teacher is a "nut".