I truly believe the American economy is headed for a long period in the toilet, but I largely doubt the current economic downturn will spiral into a depression. I would think that such an economic deterioration of that extent would be unlikely, but trying to understand and grasp all the dynamics in our economy is difficult if not impossible at times. I would think, though, that an unanticipated surprising trigger mechanism, such as war with Iran or another shocking terrorist attack on American soil, would have to occur to push the American economy even minimally into a depression. Could the assassination of one of the frontrunners in the campaign for the presidential nominations impact the economy to that extent ? History would say no, so if a tragedy like this were to occur, the economy would not be impacted.*****
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