http://www.blogit.com/Blogs/Blog.aspx/Don_Braby/The Approaching Winter: The Next Great Depression is a book that combines U.S. history and America’s ever repeating cycles with a psychology that has been slowly changing form since the turn of the century. Within the next few years, America will have to come to grips with an approaching economic winter that could result in the worst depression in its 230 years of history. What we thought our children’s children would have to struggle through may be ours to endure. As this book was being published by Author House, Americans experienced yet another great tragedy upon our soul as Hurricane Katrina ripped through the Gulf of Mexico coastline. This catastrophe, 9/11 and perhaps future events may be the triggers that will usher in the next great depression. For more information on this book, click on Author House, type The Approaching Winter for title.hourly12000-01-01T12:00+00:00http://www.blogit.com/Blogs/Blog.aspx/Don_Braby/574296People that think the today's record setting rise in the Dow Jones will get us out of the woods need to read the following quote. Please note the date. “In most of the cities and towns of this country, this Wall Street panic will have no effect.” Paul Block, President of the Block newspaper...http://www.blogit.com/Blogs/Blog.aspx/Don_Braby/511695Most people in America don't believe a depression could ever happen again. Some believe the government will be able to prevent it. Others believe today's economy will continue to expand and because of this we will never have a contraction deep enough to create a 1930's type of depression. Still...http://www.blogit.com/Blogs/Blog.aspx/Don_Braby/510232As the massive credit bubble begins to explode and the housing markets continue to crash, Americans are starting to point many fingers to those that seem to be responsible for the crisis, which by the way will give birth to the next great depression. It's like a run away train streaming down the...http://www.blogit.com/Blogs/Blog.aspx/Don_Braby/484601"Gosh, wasn't we crazy there for a while? Why the thought never entered our head that we wasn't the brightest, wisest, and the most accomplished people that was ever on this earth. Hadn't we figured out 'mass production'? Couldn't we make more things than anybody? Did the thought ever enter on...http://www.blogit.com/Blogs/Blog.aspx/Don_Braby/484174Before Alan Greenspan became the Chairman of the Federal Reserve he gave a statement in 1966 in which he thought created the Great Depression of the 1930s. "The excess credit which the Fed pumped into the economy spilled over into the stock market - triggering a fantastic speculative boom....http://www.blogit.com/Blogs/Blog.aspx/Don_Braby/483903Many people believe the actions by the Federal Reserve on Friday morning will claim fears of a global credit meltdown. There are also a large number of Americans that really don't care what the Federal Reserve did or does in the future. In fact, many Americans are totally out of touch with the...http://www.blogit.com/Blogs/Blog.aspx/Don_Braby/482855The sub-prime credit problem that's attacking Wall Street is now starting to attack Main Street. It is real. Just as greed created the boom for housing and the stock market, fear will create a crash that has already started in the housing industry but is now at the beginning stages for the stock...http://www.blogit.com/Blogs/Blog.aspx/Don_Braby/459303As the housing bubble begins to lose air, some people are finally coming to their senses. The home buyer of today is not only taking longer to buy, but he or she has a record number of dwellings to choose from. Rex Nutting, in his article Home Vacancy Rate Rises to Record 2.8% - CBS Marketwatch...http://www.blogit.com/Blogs/Blog.aspx/Don_Braby/368398It is clear that the United States has enjoyed an economic expansion since June of 2003. The Federal Reserve has been able to re-inflate the economy by lowering the over night interest rates banks can charge to 1%. Of course that was 15 Federal Reserve meetings ago. Now with the overnight funds...http://www.blogit.com/Blogs/Blog.aspx/Don_Braby/351134The realty that a major slow down in real estate wasn't more evident than a slide in sales of single-family homes in January, year to year. According to both the California and Massachusetts Association of Realtors, sales dropped 24% and 21% respectively. However, prices are still as high as...