History tends to repeat itself. And with the world in economic turmoil, one just had to look over their shoulder and see glimmers of the great depression. The stock market is showing signs of weakness as reported by CNBC:
“Stocks closed in negative territory in thin, shortened trading Friday as investors were reluctant to go long ahead of the weekend and amid ongoing worries over the euro zone.
The Dow and S&P posted their worst Thanksgiving week since the Great Depression on a percentage basis.” by CNBC.com
While I am not saying that the depression in on us. I am saying that the warning signs on clearly visible. And if we do not see them and turn in time, we could fall back into something worse than the depression.
This is not just problem in the United States. Because the world’s economy is tied together, when one large country falls it will drag down the others. And if this depression happens, it could be worst the world has ever seen.