Are we in another Great Depression? Why or why not?

[Matt Millard]

With GDP & unemployment levels likely topping the Great Depression how will this impact your market & investing?

For myself I know the builders in process of building $2200 a month Class A+ rentals all around north dallas suburbs are going to be in a world of hurt.

My discussion 3 years ago on this topic was really active yet no one thought it would happen anytime soon.

The truth is this virus & our over-reaction to it has exposed the true weaknesses of our system & Keynesian Economics.

We need biblical/Austrian economics & savings & investment now more than ever not more stimulus with money our grandkids don’t have, stimulus & federal reserve shenanigans!

[Karl B.]

One would think the 20+ trillion in debt would cause a depression but they keep printing money and so that isn't an issue (not to the media and most people anyways).

I'm hoping this experience will cause more goods to be made in America = more jobs. 

Shutting down sectors of an economy will cause job loss though a lot of these jobs (retail, restaurant, etc.) will return when the quarantine is over. That being said, some of these businesses won't reopen due to financial constraints or the owners deciding to move on. 

It's going to be interesting to see what happens and no doubt this economic disaster will be studied for thousands of years (that is, if governments manage not to blow the earth up).