The acute phase of the Great Depression lasted roughly from March 1930 until the third quarter of 1932, after which consumer demand began to grow and gradually pulled the American economy. With regard to the current crisis, his acute phase began in 2008. How long it will last, difficult to judge: apparently, it will not be a half or two years. The long duration of the acute phase due to the fact that the modern American economy has a number of structural problems, including the huge external and domestic debt, dependence on imports, the excess demand for infrastructure and those same derivatives, ie financial obligations without collateral. In addition, the U.S. government deliberately prolong the crisis for political reasons and has delayed the achievement of the “bottom” to then actively increasing the money supply. This, in essence, not very good, because rather than later America will go down in this phase, the harder it will be.
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