https://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+00:00https://www.blogit.com/Blogs/Blog.aspx/Don_Braby/666403The markets have been enjoying a nice rally this summer. The month of July was one of the best in years as the Dow Jones added 7% to its value from the last day of June. So far this month it has gained 212 points to a closing high of 10,680. However, there is one thing missing with this rally....https://www.blogit.com/Blogs/Blog.aspx/Don_Braby/624715It is incredible what people are saying about our recovering economy. From the Federal Reserve to covers of magazines the so called "experts" are jumping for joy that we are recovering from this so called "worse recession since World War II." What world are they really from!? It has to be either...https://www.blogit.com/Blogs/Blog.aspx/Don_Braby/590871Stock markets around the world have started 2009 as they did last year. The big bear market continues. But is there a bottom in the near future? Some market statisticians are predicting a new low in the Dow Jones and other indices. This would be below 7,449 in the Dow. However, how far will it...https://www.blogit.com/Blogs/Blog.aspx/Don_Braby/586765In my first book, The Approaching Winter: The Next Great Depression, I wrote, “ In my opinion, the causes of the next great depression will be clear: An unseen reversal in psychology from optimism to pessimism was the catalyst to a bear market in stock exchanges in 2000. Basic economics and...https://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...https://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...https://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...https://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....https://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...https://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...