WE are already in a depression. Actual unemployment is about 15%,
but not reported because once people run out of unemployment
benefits, they quit counting them as unemployed even though they are.
Food stamps have replaced the soup lines of the 1930's. Housing has
declined in price just as much as it did in the 30's. We had the first
stock market melt down when this all started about 2008, and we should
be getting another one shortly.
We will be in this depression until government taxes and regulation
are reduced, probably even longer.
Phil,The only time I ever lost money in the stock mkt was when i used Solomon Smith Barney, which was owned by Citigroup--they pushed Citigroup products-we were living on our bot & cruising @ the time & communications were not what they are today. Had a managed account-they pushed crap. Fired them and self directed, made it back.
Wall St pays for info, clear and simple-no such thing as insider trading-yeah right--
Actually my city carries a "AA" rating and it's bonds are running in the 4-6% range so you don't have to be buying non investment grade muni's to get such a rate.Phil...please tell us how you are making 5 1/2 percent tax free municipal bonds that are not junk rated..these are thirty year maturity levels I assume. Again, just for Phil to answer not the rest of you ding a lings.