I don't know whether it is recession or depression.

But the US debt is already near to 15 trillion dollar. It is expected that the US debt will reach its ceiling in the coming August.

That means US is running out of borrowed money.

 

They say that it is like an atom bomb waiting to explode.

Whether the explosion would be menacing or not but in the coming 5 years we may witness some major changes in the global economy.  Also, recently I watched a show on TED that the chinese economy may equalize to US economy by 2016.  God bless America ~