Many in the financial world expecting another bad downturn (millionaire, debt, recession)
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Read and heed. Several of the items contain links to additional articles.
Doesn't look good. Batten down the hatches..get out of debt...get liquid for a while til this storm passes over.
Many a millionaire was made from the Great Depression. Those not caught up in debt and were liquid were able to make outstanding buys.
There's nothing wrong with sitting on the sidelines for a while.
Don't be one of those "we never saw it coming" folks.
"So will we see the full-fledged economic collapse that so many analysts are warning of before the end of 2010? Of course it is possible, but it seems much more likely that we will just see the beginning of another recession that could certainly deepen into a depression as we head into 2011 and 2012. There are so many variables and so many moving parts that it is always difficult to predict exactly how things will play out. What does seem virtually certain, however, is that we are heading into a time of extreme economic stress.
The following are 25 signs that almost everyone in the financial world is expecting an economic downturn during the second half of 2010…."
No, just the opposite..double dip recession could turn into an economic collapse.
Read your history..1929-1933. The bottom didn't happen with the crash of '29. In fact the market recovered. Took 4 years of ups and downs before it really hit bottom and that bottom was the Great Depression.
No one is saying that this WILL happen, but the cards are lined up more so than any time before where it could happen.
What happens when you have another recession on top of a recession that is not recovering ? What happens when deflation further hits assets that are 40-50% deflated already ?
No, just the opposite..double dip recession could turn into an economic collapse.
Read your history..1929-1933. The bottom didn't happen with the crash of '29. In fact the market recovered. Took 4 years of ups and downs before it really hit bottom and that bottom was the Great Depression.
No one is saying that this WILL happen, but the cards are lined up more so than any time before where it could happen.
What happens when you have another recession on top of a recession that is not recovering ? What happens when deflation further hits assets that are 40-50% deflated already ?
And now some people want to ban AC to combat global warming. Imagine the hit the HVAC industry will take:
No, just the opposite..double dip recession could turn into an economic collapse.
Read your history..1929-1933. The bottom didn't happen with the crash of '29. In fact the market recovered. Took 4 years of ups and downs before it really hit bottom and that bottom was the Great Depression.
No one is saying that this WILL happen, but the cards are lined up more so than any time before where it could happen.
What happens when you have another recession on top of a recession that is not recovering ? What happens when deflation further hits assets that are 40-50% deflated already ?
Says the guy from Kansas. Plop him in Miami or Texas or Las Vegas in the middle of August and turn off his A/C.
Homes today are not designed to take into account location and weather.
You have these national builders that come in and design and build their postage stamp subdivisions with 3 foot trees and wall to wall asphalt/cement and shingle roofs. No orientation away from the setting sun.
Remember. When someone calls for a large rally (i.e. Dow 20,000), that is a shrewd and wise player who must be taken seriously.
When someone calls for a down leg (i.e. Dow 5000), it's a doomer-gloomer party pooper Froot Loop who's not only a mental case, but probably just PO'd that he missed the rally (see first sentence).
From what I have seen we are i much less danger of a collpase than in 2008 relly.We certainly have some difficult problems facing us but not like those and most are much better prepared if it dips again.Right now the bigest danger is in europe with thier being on the edge from years of over leveraging;IMO.
From what I have seen we are i much less danger of a collapse than in 2008.
Actually, it is the opposite. As soon as the stimulus runs out later this year the collapse is imminent.
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