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Thread: Great Depression coming
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03-19-2008 #61
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Here's the way politics work: The last regime (Clinton-Gore) left office with a TEN YEAR BUDGETARY SURPLUS. The entire Bush/Gore campaign battle was about what to do with that surplus...give it to the wealthy in tax breaks or put it in a lock box for social security. Bush didn't even fucking spend it. He gave it away!!!
"...I no longer believe that people's secrets are defined and communicable, or their feelings full-blown and easy to recognize."_Alice Munro, Chaddeleys and Flemings.
"...the order in creation which you see is that which you have put there, like a string in a maze, so that you shall not lose your way". _Judge Holden, Cormac McCarthy's, BLOOD MERIDIAN.
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03-19-2008 #62
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Originally Posted by trish
"I became insane, with long intervals of horrible sanity." - Poe
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03-19-2008 #63
Well as bad as things may seem to be, there are lot of positives this past week. The stock market had 2 400+ days biggest gain in many years. The Fed are reducing interest rates. Despite ppl views on surpluses/deficits, it never has really been something i worried to heavily about. Right now the deficit only make around 3-4% of gross domestic product (GDP) and even less globally. And it has been shown that stock markets have faired quite well in deficits. Maybe even less well in surpluses. If the stock market does end up recovering in the next month or so, we may only see a short-term recession (if you believe the old believe that the stock market precedes economic conditions).
Additionally, 10 year bond yield are are lower than S&P 500 Stock earning yields. So I am confident about eh future and see this possible recession as an opportunity.
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03-21-2008 #64
stocks are bs. Point blank. It's Consumerism at it's best. The bubble is about to burst, and they will have to either take over or pre-empt. Get ready...
too much french fries, not enough shakes...
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03-21-2008 #65
Well if the economy does go down the toilet everyone better get ready for the fall of the USA. I mean not just financial wise I alos mean socialy aswell. Everyone will start attacking everyone for what they have.
There will be a hell of a war here in the US.
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03-21-2008 #66Originally Posted by Johnny B.
Get ready...
too much french fries, not enough shakes...
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03-21-2008 #67
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03-21-2008 #68
- Join Date
- Mar 2008
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- 144
People read this, its the Global economic outlook 2008
http://www.deloitte.com/dtt/research...185449,00.html
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03-21-2008 #69Originally Posted by Johnny B.
-Quinn
Life is essentially one long Benny Hill skit punctuated by the occasional Anne Frank moment.
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03-21-2008 #70
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Originally Posted by south ov da border
"The sky is falling, the sky is falling..."
"I became insane, with long intervals of horrible sanity." - Poe