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Old 01-27-2012, 04:27 PM
 
4,538 posts, read 4,813,430 times
Reputation: 1549

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If the 'recovery' looks this bad - what happens when all of the borrowing stops?

'If the economy is getting better, then why did new home sales in the United States hit a brand new all-time record low during 2011?









If The Economy Is Improving?. - BlackListedNews.com

Last edited by CaseyB; 02-14-2012 at 10:04 AM.. Reason: copyright
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Old 01-27-2012, 05:11 PM
 
Location: Stillwater, Oklahoma
30,976 posts, read 21,650,795 times
Reputation: 9676
We will plunge into Great Depression II.
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Old 01-27-2012, 05:16 PM
 
3,045 posts, read 3,194,098 times
Reputation: 1307
Perhaps if you have that many questions, you'd stop being lazy and go find some answers. There are plenty of libraries around filled with books and they're free to read. You can also try Google.

For instance, if you don't understand why there might be housing problems in the US right now, you really ought to pick up a newspaper right now. I don't mean some blog written by some moron who can't get a real job, but I mean an actual newspaper where articles are written by journalists who have to make sure that they can actually back up what they say.

Business News & Financial News - The Wall Street Journal - Wsj.com

That would be a good start. Probably a lot less pictures than you're used to though.
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Old 01-27-2012, 05:55 PM
 
5,252 posts, read 4,678,784 times
Reputation: 17362
I'd imagine most American's by now have figured out that the $$$$ from our treasury actually went to the big banks and investment types not into the economy in general. That said, it's time we all realized that the US economy is so large that it could take a very long time to finally begin to show the bruises on every front. Long story short, the economy isn't getting better. The economic debacle that we have all experienced in some way or another since 2007 was the final blow from those who knew no bounds when it came to greed, "they" are the Wall Street crowd that saw fit to leverage everything under the sun through their hyper-computerized-digitally-created money scam, these same folks have a big grip on the US media, and of course the Pols seem to have gotten on board with the happy days view to boot.

A lot of people are still working and making money, a lot of people are still getting lucky in the investment markets, some are actually selling homes, so, are we down for the count because the stats you provided are depicting a grim picture of US financial health? No, we aren't yet on the mat, in fact we are probably years away from any resounding crash of the economy as we know it. In the meantime many more millions of US workers will probably lose their jobs, many more will lose their homes, education will most likely suffer, as will the general condition of our collective infrastructure, repairing roads, bridges, dams, mass transit, and other mainstay large dollar projects will probably be put on hold with the exception of those government funded programs already under way. All of this will not deter the average American from enjoying their forays to the movies, eating out, vacations, (albeit, less $$) and a host of other expenditures that reflect the lack of real concern regarding the situation of those who are now profoundly affected by the loss of their financial well being.

To see or speak of the US economy as a monolithic construct doesn't take into account the actual size of it, some will be hurting badly while others are trying to figure out which movie to see, or which restaurant to dine in. Some will be forever financially marginalized by this new turn of events while some others will be launching their careers in the remainder of those businesses that are still prospering. Of course over time the US will most likely be getting poorer while other nations will be seeing the materialization of a new class of worker/consumers. Winners and losers, that's the real world of economics, even in the worst days of the Russian meltdown there was many who were experiencing fine dining, drove beautiful cars, and hunted on their vast country estates. It's been said that..."It takes time to ruin a civilization, but, time is all it takes", this will probably be the case with our own future, someone always will be around to pick up the pieces and begin again, seems to be the way of human existence....
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Old 01-27-2012, 05:59 PM
 
Location: Atlanta, GA
441 posts, read 886,552 times
Reputation: 325
Quote:
Originally Posted by jertheber View Post
I'd imagine most American's by now have figured out that the $$$$ from our treasury actually went to the big banks and investment types not into the economy in general. That said, it's time we all realized that the US economy is so large that it could take a very long time to finally begin to show the bruises on every front. Long story short, the economy isn't getting better. The economic debacle that we have all experienced in some way or another since 2007 was the final blow from those who knew no bounds when it came to greed, "they" are the Wall Street crowd that saw fit to leverage everything under the sun through their hyper-computerized-digitally-created money scam, these same folks have a big grip on the US media, and of course the Pols seem to have gotten on board with the happy days view to boot.

A lot of people are still working and making money, a lot of people are still getting lucky in the investment markets, some are actually selling homes, so, are we down for the count because the stats you provided are depicting a grim picture of US financial health? No, we aren't yet on the mat, in fact we are probably years away from any resounding crash of the economy as we know it. In the meantime many more millions of US workers will probably lose their jobs, many more will lose their homes, education will most likely suffer, as will the general condition of our collective infrastructure, repairing roads, bridges, dams, mass transit, and other mainstay large dollar projects will probably be put on hold with the exception of those government funded programs already under way. All of this will not deter the average American from enjoying their forays to the movies, eating out, vacations, (albeit, less $$) and a host of other expenditures that reflect the lack of real concern regarding the situation of those who are now profoundly affected by the loss of their financial well being.

To see or speak of the US economy as a monolithic construct doesn't take into account the actual size of it, some will be hurting badly while others are trying to figure out which movie to see, or which restaurant to dine in. Some will be forever financially marginalized by this new turn of events while some others will be launching their careers in the remainder of those businesses that are still prospering. Of course over time the US will most likely be getting poorer while other nations will be seeing the materialization of a new class of worker/consumers. Winners and losers, that's the real world of economics, even in the worst days of the Russian meltdown there was many who were experiencing fine dining, drove beautiful cars, and hunted on their vast country estates. It's been said that..."It takes time to ruin a civilization, but, time is all it takes", this will probably be the case with our own future, someone always will be around to pick up the pieces and begin again, seems to be the way of human existence....
What an eloquent and well reasoned post - thanks for writing it .

That said OP, why do you say female veterans - why do you make the distinction between male and female veterans?
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Old 01-27-2012, 06:02 PM
 
9,855 posts, read 10,416,518 times
Reputation: 2881
Anarchy
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Old 01-27-2012, 06:04 PM
 
Location: Great State of Texas
86,052 posts, read 84,509,263 times
Reputation: 27720
What happens ? Why it's "GAME OVER".
And that is why the Fed is now going out 2 years to 2014 with 0% interest rates.
They originally said 2012 and then moved it to 2013 and just this week moved it again to 2014.

Zero interest rates + QE = keeping America afloat using new debt.
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Old 01-27-2012, 06:06 PM
 
47,525 posts, read 69,722,740 times
Reputation: 22474
Big problems.

The government is way too deep in debt, our credit rating is absurdly high when you consider there is no way we're going to ever pay much of that debt -- after all over 40% of babies are now born into welfare programs, and soon will outnumber the babies born to taxpayers.

At some point the government will have to cut the ridiculous spending -- or it will be cut for it.
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Old 02-14-2012, 09:00 AM
 
4,538 posts, read 4,813,430 times
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Quote:
Originally Posted by icecreamsandwich View Post
What an eloquent and well reasoned post - thanks for writing it .

That said OP, why do you say female veterans - why do you make the distinction between male and female veterans?
Ask Michael Snyder.
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Old 02-14-2012, 09:05 AM
 
Location: Fort Worth Texas
12,481 posts, read 10,226,365 times
Reputation: 2536
Quote:
Originally Posted by KRAMERCAT View Post
If the 'recovery' looks this bad - what happens when all of the borrowing stops?

'If the economy is getting better, then why did new home sales in the United States hit a brand new all-time record low during 2011?







If The Economy Is Improving?. - BlackListedNews.com
Look at Greece that is our future

Last edited by CaseyB; 02-14-2012 at 10:06 AM..
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