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

Quote from daddyeaux:

I owe 900 grand on my flip....

do I walk or wait for my $600 from Bush?
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walking not help. They will get a deficiency judgement and repossess your gold plated toilet...
 
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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Judas!
 
Quote from daddyeaux:

I owe 900 grand on my flip....

do I walk or wait for my $600 from Bush?
More...

where were you trying to flip that florida texas or cali?
 
Quote from commoditiestrdr:

Man I hope I don't get laid off
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The whole of America is hoping the same but unfortunately the only strategic response of the new CEO class to their own strategic blunders is cutting jobs (or cutting washroom soap but keeping the corporate jets). They have no other strategy. So far MER and C are the only places where a meaningful job cut was made. Saved them millions and got rid of incompetent emplotyee.
 
Stock up on junk silver and gold coins, ammo, guns, food stores, etc, and learn to hunt and grow food.... that is your best hedge against a collapse... on the upside immigration might reverse... I hope that if things collapse there will still be an internet and markets to trade... liquidity will certainly fall way off, we'll be looking at weekly bars like people did in the 50's instead of 20 second bars but the game will be the same.... and the rewards a lot less but in bad times ANY kind of an income is all it takes...
 
............and only trade exchange traded not OTC counterparty contracts.

With weekly trading we will have plenty of time on our hands to dig out those old copies of Guns & Ammo from the seventies.
 
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
More...

The only "depression " there is, is in your head. You need to see or consult a psychiatrist. January has the highest cases of depressions in the whole year.

Empirically there is no evidence of any depression or recession.
 
Quote from day7793:

The only "depression " there is, is in your head. You need to see or consult a psychiatrist. January has the highest cases of depressions in the whole year.

Empirically there is no evidence of any depression or recession.
More...

I hope you're right
 
Recessions are still highly probable, but no chance of depression now that globalization is in full swing and China and India and major others have also learned to become consumer economies seeking quality products.
 
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