Question: Will the upcoming Economic Winter be more severe than the Great Depression? Answer:

Depressions are typically triggered by an excessive accumulation of unproductive debt. Long-term mortgages, home equity lines of credit, and credit card debt, which were not prevalent until after the 1930s, will contribute to a more significant economic contraction since debt levels are much higher than occurred in the US in 1929 and Japan in 1989!

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