The Coming Republican Economic Depression: Will the Stock Market Crash?

Many have offered different ideas about the American and global economies and what is happening to them. The so-called "sub-prime" mortgage market, the volatility of stock markets, all are the opening symptoms of an economic crash that is more than likely just around the proverbial corner. If action isn't taken very soon, the neo-con idiocy of the past few years will be the undoing of the American economy for years to come. If it does happen, the world on the other side could be very different, with America losing its position at the top of the world economic pecking order. The biggest danger is that when economies sour, leaders tend to look for war as an easy out.

Many of us have been speaking to this for some time. I couldn't see how anyone could have missed the current real estate downturn. As early as two years ago you could see it beginning, if you paid attention. But too many were still making profits for most to see or to care. When buyers are so leveraged that the least little tweak in their personal economic situation can bring disaster, there are concerns. When you add predatory lending practices, you lose another leg of the table. Throw in rampant consumer credit spending stupid tax policies and huge deficit spending, and there is no possibility that the status quo can be sustained.