ARE WE HEADED FOR ANOTHER RECESSION OR WILL IT BE A DEPRESSION THIS TIME?
The Great Depression was a worldwide economic depression that lasted 10 years. Its kickoff was “Black Thursday,” October 24, 1929. That’s when traders sold 12.9 million shares of stock in one day, triple the usual amount. Over the next four days, stock prices fell 23 percent in the stock market crash of 1929.
We witnessed another great recession but thankfully not a depression in 2008.
The Great Recession, which officially lasted from December 2007 to June 2009—began with the bursting of an 8 trillion dollar housing bubble. The resulting loss of wealth led to sharp cutbacks in consumer spending. This loss of consumption, combined with the financial market chaos triggered by the bursting of the bubble, also led to a collapse in business investment. As consumer spending and business investment dried up, massive job loss followed. In 2008 and 2009, the U.S. labour market lost 8.4 million jobs, or 6.1% of all payroll employment. This was the most dramatic employment contraction (by far) of any recession since the Great Depression.
Coming to Indian banking sector, their pile of bad loans, or stressed assets, was close to Rs10 lakh crore($154 billion) in 2017, which is more than the GDP of at least 137 countries. What’s more, it is only growing.
With the stressed banking sector, and an escalating tariff war of USA with CHINA makes us think, are we headed for another recession?
Analyzing through PLANETS , we see that..
1)CHINA which has created an economic bubble for itself because of the trade policies adopted, will undergo a Financial crisis from Sep 2019 and the situation will worsen from Jan 2020
2) Economic condition of USA will also deteriorate from March 2020
3) As for INDIA, Planets has already indicated about the banking sector scam (ICICI and IFSL) in not so distant past in January 2017 & Dec 2017 . And again Planets are indicating that Indian market is headed for a big correction in 2nd week of October 2018 and this time Govt. will be forced to take corrective measures.
Astrological triggers for all the above events was given by planets in Aug 2015, Jan 2017, Dec 2017, May 2018.
And to answer the question we asked above, 2020 is the year when world will see another recession and not a depression which will last for a year.