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US Economic Future

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Is America heading into a Depression? If so, will it mirror the one in the 1930s or would we be in a new situation? Would it be calamity across the board or would some sectors or parts of the nation be better off than others? If not a depression, what kind of a recession would it be? Would we be facing severe inflation or deflation?

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Recent Blooker Opinions:
*
President & CEO, Lending Cycle, John Jackson, thinks the US should encourage limits/controls on non-essential spending
* Prof. Snaith, one of the country's most accurate forecasters, believes we are heading into a severe recession.
* Source Media Managing Dir., Michael Stanton, believes we are not out of the woods.
* Prof. Hopkins predicts no depression
* Rod Klein believes we should do away with SS as we know it