Depression not in the cards
Looking at the big picture, the U.S. economy is reasonably healthy, all things considered, and major changes would have to happen for us to move back into a depression. Based on the current political environment, a trade war is the most probable, and it's worth keeping an eye on the economic and trade conflicts between countries. Overall, though, another U.S. depression simply does not appear likely at this time.
Brad McMillan is the chief investment officer at Commonwealth Financial Network, the nation’s largest privately held independent broker/dealer-RIA. He is the primary spokesperson for Commonwealth’s investment divisions. This post originally appeared on The Independent Market Observer, a daily blog authored by McMillan.