I amazes me how he continues to maintain the support he has even with the enemedia in the tank for him.
There's a percentage that will believe anything he says but 50% of the people in this country can't be that stupid.
Sadly I believe you're right about a depression, we can't continue on the path we're on.
Every financial commentator I’ve read or listened too says that the Fed buying all the bonds is what makes them a bad investment. It drives the interest rate down, so you can’t make money on even CDs.
That leaves only the stock market to invest in.
So, all the increase in the stock market is based on an artificial interest rate, and when that bubble breaks, stocks will plunge again. Interest rising will kill the housing and auto markets (the economy). Interest rising will either be the result of inflation or will feed inflation. That will additionally kill buying, wage increases, and trading. That will all kill jobs.
Sounds like a depression to me.