55% of Americans Believe US Is In Depression

55% of Americans believe US is in a depression.
They haven’t seen anything yet.
Special Guests reported:

Has the US reached the tipping point from a Recession to a Depression?

According to the latest poll, The New York Daily News reports that 55% say yes or are unsure and 45% of Americans say no.

But like in any election or poll you have a certain block of ‘undecideds’ and with this poll there are 17% say who said they are not sure but a whopping 38% said: YES, that we are already in a Depression—and the numbers keep skewing toward additional yeses with each passing day.

So, what does this all mean? Are these mere numbers? What impact will the current daily onslaught of negative financial headlines have on the economy?

Many economists say there is one single word that drives the economy and that word is: CONFIDENCE.

The question is: Do Americans have confidence that the economy has bottomed out or do they believe it is about to get worse? And if worse, how much worse?

More… The odds that the present economic crisis will churn into a depression is now up to 20%.
Thanks Barack.

You Might Like


As a privately owned web site, we reserve the right to edit or remove comments that contain spam, advertising, vulgarity, threats of violence, racism, anti-Semitism, or personal/abusive attacks on other users. The same applies to trolling, the use of multiple aliases, or just generally being a jerk. Enforcement of this policy is at the sole discretion of the site administrators and repeat offenders may be blocked or permanently banned without warning. Guest posting is disabled for security reasons.

You Might Like