Cramer: Another Great Depression? No, and Here's Why

[Humanoid]

Originally Posted by HappyTexan

If you are not positioned for what I think will be a severe recession, then, yes you should be scared and doing something about it if you haven't already so you don't get caught with no job and too much debt and no savings in the bank.

I'm not suggesting that people ignore what is going on. But I find the bubble, where the unproductive masses get rewarded far more troubling than times when the unproductive gluttons get burned. As far as I see it this is the closest thing to divine retribution that I'll see in my life time!

[jimj]

Originally Posted by 58robbo

sorry jimj i don't buy into that whole media negativity thing. if you ask me, there is more media saying that everything is going to be ok, we've reached the bottom, house sales are up etc. anything to put a positive spin on things.
i also don't buy these things being self fulfilling prophecies. if the US consumer and economy was in a remotely decent shape, real estate would've already been snapped up as would wall street. the reality is that the consumer is maxed out, home equity lines have faded with home prices and unemployment is skyrocketing. that is a viscious cycle as less spending leads to less jobs and vice versa.

I guess where I was going is something along the lines of doing a news story like "these banks are failing, here's why AND having someone explain why it can be a good/healthy thing in the end instead of just constantly saying "banks are failing and everyone's losing billions and leaving the impression we're all doomed when we're not.
I look at it along the lines of people who're sick don't/won't take that real yukky tasting medicine unless they know it'll make them much better in the end. If people get too anxious and scared they'll pull back/quit spending so far that it'll cause even more damage.