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Makes me really wonder sometimes what kind of Kool-Aide you guys have been drinking for the last 15 years????????
We are in DEPRESSION, we have been in depression since 2001 and the Fed has been masking this fact by printing money. No real economic growth since 2001, just manipulation with interest rates and blowing bubbles.
How can you people not see what is going on in America since 2001? We can never have real economic growth in America and in the world unless we go thru Deflation and Depression first. Just remember this!!!!!!
Lies, lies and bunch of lies, but the real truth is that the Fed has been stalling since 2001, blowing bubbles and nothing has been fixed.
For some of you who are deluding them selfs about happy retirement and that you won't be affected with downturn or that downturn will not happen and economic growth will magically apear somowhow soon. It won't happen. You will be affected as well, all of us will, our children and grandchildren will be affected because of insane 15 years of debt orgy and irresponsible Fed's policies.
Do you people even realize in what kind of a mess we as a nation and as a country are in today?
No easy way out of this mess, and yes all of us will be affected when the hell breaks loose, which is just a matter of time.
We are in a depression ? Are you kidding . Not even close.
Infact most working americans do not even fear for their job like they did back in 2008
We are in a depression ? Are you kidding . Not even close.
Infact most working americans do not even fear for their job like they did back in 2008
Yes, we have been in Depression since 2001. I know this is something you may not be able to understand, but this is a fact!!!! No real economic growth is possible unless we go thru Deflation and in our case now Depresssion first.
This phony so called economic recovery can't even handle another 0.25% rate hike. This has never been real economic recovery. As a matter of fact, this so called recovery feels worse for most Americans then any real resession.
Economics 101. No real economic growth will ever be possible unless we go thru Defllation and Depression first. Only Anti-Capitalists cheer and love current Fed's policies.
Yes, we have been in Depression since 2001. I know this is something you may not be able to understand, but this is a fact!!!! No real economic growth is possible unless we go thru Deflation and in our case now Depresssion first.
This phony so called economic recovery can't even handle another 0.25% rate hike. This has never been real economic recovery. As a matter of fact, this so called recovery feels worse for most Americans then any real resession.
Economics 101. No real economic growth will ever be possible unless we go thru Defllation and Depression first. Only Anti-Capitalists cheer and love current Fed's policies.
I probably have more cash than you. You'll be screwed by deflation more than me.
No. Tax the San Francisco Bay Area. They're far richer. Crush apple, Intel, Facebook, and the rest into the ground.
Tax the guy who's richer than me, because he's a slovenly and parasitic fatcat. But I deserve a tax-break, because I'm a hard workin' po' man who's just tryin' to earn his livin', ya know.
And one place it will hit hard, is in places where real estate prices have jumped back up where they had been before the last big real estate crash. People have again bid real estate up into the stratosphere, and when the next recession hits, they will crash back down again. There will be a lot of people with underwater equities again, which will cause panic, and especially effect people in those areas. As people with higher incomes suddenly pull back on their spending, and the lower levels of society in those areas, will be especially hurt as the unemployment rate rises. Other parts of the country, may very well not feel much effect from a recession.
Any sane person knows that there will a recession every few years, and the intelligent person makes sure that they will be effected less than the other people in the area.
Some companies and some stocks are going to hurt bad. People will lose their jobs, especially in some of the high flying areas of the country.
We are in serious trouble. The electorate is full of government dependent people, not by accident, and the politicians care only about the next election. What was considered full employment during the Reagan years was about 5.5% as I recall. The work force was high. Today, the unemployment rate is ten percent at a minimum. If you buy the Administration's 5% number you need to examine how they get there. Millions have no hope of obtaining meaningful employment and have given up. We do not create enough jobs to keep up with the growing population, and most of the few jobs added are of the $10 an hour variety.
Kids who have been encouraged to incur enormous debt to obtain degrees that are often useless to a ridiculous point. Menial jobs often require a degree. There are not going to be jobs for the marginal student, let alone the millions of dropouts. Manufacturing jobs that once allowed a GED holder to make a decent living are long gone, never to return.
We've suffered two terms from a president who has no grasp of this country and are now faced with the probability of another two terms with a person the FBI has basically described as an incompetent, lying criminal.
We can, of course, redirect the country. But the vast majority of us have decided it's better to pass on our responsibility to our country and just shrug and say, "There's nothing we can do about it. Now hand me the TV Guide."
Same as other recessions, work our way out of it. The fact that the condo I bought at the bottom of the cycle at the last recession has doubled in value means little to me. I'm not ready to sell it yet, so I don't care if it goes down again. That's life.
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