Several economy watchers have pegged the fourth quarter of 2011 as “just short of a full blown depression,” while other indicators such as the Baltic Dry Index, a measure of shipping tonnage, are at near historic lows.
What current economic activity there seems to be is largely inventory build, restocking depleted inventories.
The bottom line? Based on my memories of the “Great Depression,” as well as my dad’s recollections of several “panics,” Americans would be wise to stockpile groceries, ammunition, and guns. Because it is likely to get worse long before it gets better.