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Old 01-18-2009, 12:50 PM
 
1,105 posts, read 2,305,934 times
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I honestly believe that a depression is on the horizon(not to far future). Maybe a year away. So it is a good question wether or not a person would want to live in a big city in those times. If there would be hunger then watch out because people change in strange ways when they are hungry. Of course we live like its not going to happen.
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Old 01-18-2009, 01:31 PM
 
Location: Chicago
38,707 posts, read 103,233,018 times
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If there was a depression, I don't suppose it would matter much where you lived.
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Old 01-18-2009, 02:41 PM
 
Location: Mequon, WI
8,290 posts, read 23,122,463 times
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Quote:
I honestly believe that a depression is on the horizon(not to far future). Maybe a year away.
You actually think thousands of people will be lining up around the block for a bowl of soup??? 90% of Milwaukee will be unemployed?

Sorry I don't think we will be in a depression ever again.
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Old 01-18-2009, 03:34 PM
 
Location: Riverwest
104 posts, read 416,520 times
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Why do you think that? I really don't think there will be another depression. If there were, I wouldn't move anyway.
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Old 01-19-2009, 10:20 AM
 
Location: um....guess
10,503 posts, read 15,572,367 times
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I guess I'm not understanding where you're going w/this thread. How would a depression touch people in the city but not out in the burbs, the country, up north?
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Old 01-19-2009, 10:33 AM
 
21 posts, read 79,555 times
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I actually think Milwaukee is a good place to sit through bad times because it's smaler and cheaper. According to the news right now all the big cities like NY and LA taking a hard blow of unemployment, mortgage forclosures and all that other stuff associated with economic crisis. Those places are good to live if you got the means, but for people with modest income places like Milwaukee are where it's at due to many industrial jobs unlike huge service, restaurant and hospitality industries of big cities that suffer lack of customers in these times.
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Old 01-19-2009, 08:27 PM
 
Location: Metro Milwaukee, WI
3,198 posts, read 12,718,342 times
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1. I tend to agree with this:

Quote:
Originally Posted by Milwaukee City View Post
You actually think thousands of people will be lining up around the block for a bowl of soup??? 90% of Milwaukee will be unemployed?

Sorry I don't think we will be in a depression ever again.
The world is too small now, technology too advanced, world economies too interlinked...I just think too many people are too invested and interlinked for a full-blown, all out Depression, at least for any significant period of time.

Hell, a lot of current markers - as bad as much economic news currently is - aren't even as bad as they were in the late-70s/early-80s (near the end of the Carter Administration / around the S&L crisis). I am not saying things aren't bad now - in many facets they are quite troubling, but the Great Depression brought things like 30% unemployment, etc. (currently we are at about 7.5%); long way to go (fortunately).

Having said that...

Milwaukee is the sort of town that is fairly solid during a hard economic time. Why? Because it tends in many aspects to reflect what you see in the micro-analysis that is the housing market. During the "good times" the mega cities and the coastal cities tend to boom - whereas Milwaukee really doesn't. However, during the bad times, those same cities then tend to really get hit hard - whereas Milwaukee holds relatively constant. That lack of pendulum swinging is helpful.

Having said that Schwartz Bookshops and Heineman's Restaurants - two decades-long iconic chains in the Milwaukee area - have recently closed which is incredible. Miller Brewing moved HQs away from Milwaukee recently. Milwaukee needs some *good* economic news in terms of new employers sooner rather than later.

Last edited by EnjoyEP; 01-20-2009 at 11:17 AM..
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Old 01-20-2009, 10:30 AM
 
Location: Lower East Side, Milwaukee, WI
2,943 posts, read 5,078,146 times
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Ten Cities For Job Growth In 2009 - Forbes.com (http://www.forbes.com/leadership/2009/01/05/cities-jobs-employment-leadership-careers-cx_tw_0105cities.html - broken link)
Milwaukee came in at #5 on Forbe's 2009 of the 10 best cities for job growth, Madison was #1. We're sitting pretty compared to the rest of the country.
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Old 01-20-2009, 10:31 AM
 
Location: Lower East Side, Milwaukee, WI
2,943 posts, read 5,078,146 times
Reputation: 1113
Quote:
Originally Posted by Angorlee View Post
I honestly believe that a depression is on the horizon(not to far future). Maybe a year away. So it is a good question wether or not a person would want to live in a big city in those times. If there would be hunger then watch out because people change in strange ways when they are hungry. Of course we live like its not going to happen.
Why are you always concocting these ridiculous doomsday scenarios?
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Old 01-20-2009, 10:55 AM
 
Location: Portland OR
2,663 posts, read 3,862,446 times
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Quote:
Originally Posted by EnjoyEP View Post
Hell, a lot of current markers - as bad as much economic news currently is - aren't even as bad as they were in the late-70s/early-80s (near the end of the Carter Administration / around the SNL crisis). .

I am trying to recall the Saturday Night Live crisis. I do admit the show has gone through some ups and downs.

Last edited by ccjarider; 01-20-2009 at 11:06 AM..
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