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Roaring 20’s inflation of as much as 10% a year had bankers again then fearing the money they had lent out can be near worthless in simply 10 years. The identical thing is happening proper now only world vast. They clamped down and stopped lending inflicting the economy to go right into a tailspin. 20. Spending on entertainment and sports event attendance declining. Robert Prechter sees sports star salaries slumping from right here on on account of diminished attendance. The Better Depression will likely be 2 instances as long and 2 occasions the dimensions of the 1930’s depression as a result of its Grand Supercycle scale. 46 states are in the crimson already. California has a deficit of 17.Three billion dollars. 21. State, county and city cutbacks and layoffs attributable to each lower gross sales tax and actual estate property tax income. Illinois has a 13.5 billion dollar deficit and 5 states are technically bankrupt and many are laying off police officers and firemen. 22. CPI drops. Client Price Index chart on a down pattern.

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