Hate to be the grim reaper but are looking at a possible depression

Quote from EMRGLOBAL:

Depression?

How many of you who call for a depression truly understand what happen in 29? All three key elements.

It doesn't take an MBA from University Of Chicago to laugh at such a prediction. Hell, Columbia and Harvard MBAs are laughing as well.

What we have un-winding is a pure class transfer. That is correct, the middle class will be much poor and the Smart will be rich and the Wealthy, they continue.

This is a shaking of the Global "I WANA ROLL" tree.
The "ASS CLOWNS WITH MORE DEBT ABOUT TO LOOSE A JOB TREE".

Things are going to be very hard in the coming years for the majority of the Sheeople for sure. but a Depression? Not in my life time.

IMHO this will be one of the deepest and hardest Recessions in the History of the nation. May even be one of the longest thus, the having the "laypeople or sheeople to call it a "Depression".

But all in all, we will not even be close to a DEPRESSION.
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I hope
 
Quote from Bogan7:

A 70's style recession could be on the cards and not just in fashion!!
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Everyone better start buying.....I'm not looking forward to wearing bell bottoms and growing an afro!!! :D
 
the credit markets are still frozen....

I mean if the Harrah's bonds cant catch a bid... a FRICKIN Casino... near legal theft....

what chance does anything else have?

an opinion and I could be wrong.........
 
Quote from commoditiestrdr:

I hate to be the grim reaper but how many people on this site think we may be looking at a possible depression.

I hate to think it could happen....but I think it may.

We could see a stock market crash along with the mortgage/banking/real estate crash. I mean how hard is our economy going to get hit it it we have two crashes
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A deflationary depression is a distinct possibility. We see credit tightening everywhere. U.S. depressions are caused by concentration of wealth and low liquidity.

Lowering rates is pushing on a string if everybody wants to borrow but nobody wants to lend.
 
Quote from Bogan7:

A 70's style recession could be on the cards and not just in fashion!!
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The problem is that if you are a certain age you cannot deny that you were alive in the '70's and by inference probably wore those clothes.................................
 
Quote from Longhorns:

Everyone better start buying.....I'm not looking forward to wearing bell bottoms and growing an afro!!! :D
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whachoo talkin all dat jive fo, turkey? :p
 
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