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

Nobody in China is a believer in 'decoupling', or domestic demand being stimulateable to the point orf replacing lost exports.
 
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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Grim Reaper? What are you gonna harvest someone's soul or something?
 
Quote from BlueStreek:

source for that Chart---disturbing if independently verifiable data wise!
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BlueStreek, thought you might be interested. I'm a day & swing trader but do look at this kind of stuff. RYUAX is a mutual fund that moves inverse to the S&P 500. It's been around a long time as opposed to SDS. (If anyone wants to put their money on recession, your IRA can even buy it.)

http://stockcharts.com/h-sc/ui?s=RYUAX&p=W&yr=8&mn=0&dy=0&id=p72342383970&a=130072960
 
Quote from toc:

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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IF you think we are in a recession accept the fact and move on. Whats this negativity ? Doom and gloom? Comparing 2008 with 1929 and 1987? I mean can you think of anything worse?

I have yet to see a positive happy, humorous post on ET this year.
 
Quote from Reaver:

Grim Reaper? What are you gonna harvest someone's soul or something?
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He harvesting his own soul. He is filled with depression. He should be harvested in a Psychiatric ward popping orange pills and given laundry duties, folding bed sheets.
 
Quote from mokwit:

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.
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Absolute rubbish. There are tons of companies with very lean employee structures that could never afford to let go of their people, because that would result in the death of their world wide operation. The worst that will happen is that the US will no longer be the number one market.
 
We may indeed be in for a hell of a depression...... or we may not. Over a decade ago a rather convincing (and long ) book titled "Blood In the Streets" provided a most convincing argument for depression, back then.

Equally, you can find many great arguments that the world is on the verge of prosperity the like of which has never been known.

Who is right?

Does it matter. This subject is no different than the markets. Many predict (or try to) for various reasons. Some people are just plain fearful. Others have a hidden agenda. Others, a not so hidden agenda. The bottom line is you'll go crazy and waste your life worrying about what is coming next.

He who can live comfortably with the most uncertainty wins.
 
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