No Escape

Downturn. Recession. Economic Contraction. My favorite: Drecession.

Depression.

53% of polled Americans think it somewhat likely or very likely that over the next few years, that the United States will enter a 1930s like Depression. This from a poll at Rasmussen, conducted last week.

19% Very likely
34% Somewhat likely
32% Not very likely
7% Not at all likely
7% Not sure

Not looking very optimistic, is it?

If such a large percentage of Americans think A Greater Depression, The Greatest Depression, The Super-Depression˜, is on its way, what is that going to do to their attitudes about spending, saving, consuming, buying homes, autos and other goods?