Is an economic depression likely now?
Mike Burnick — Director of the Edelson Institute, which accurately predicted the stock market crashes of 1987, 2000, and 2008 as well as the more recent rise and fall of gold — now says a great global depression is likely. Burnick, who relies primarily on the study of economic cycles, says the first depression since the 1930s could begin in Europe, before spreading to Japan and the United States.
