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Old 08-26-2010, 08:45 PM
 
48,508 posts, read 88,073,582 times
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An econmist is the key word. Thnere were plenty of thsoe in the 70's recession to. mpost are wrrried about a double dip recession nothng like teh greeat depression.I see this recession actaully last a long time with very slow recovery. In the great depression you didn't see mnay things. One thing I note is that savings have grown to 6%. With the people who are unemployed and those who are not able to save that means it much higher by those who can.Right now the fidure released are 43,000 per citizen oed on teh nation debt.Many think they are not goig to have to pay. But we all will either thru less employemnt;reduced income over time;higher prices etc.The housing market is trouibling but it l;ooks like it will be dealt with similar to the japanese in that its going to take decades. in fact looig at the things done so far;they were very mild. This is not the late 20's or 30's is the real key as far has mangig the economy;IMO.Kind of lie comparing WWI to WWII;completely different.
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Old 08-28-2010, 10:26 AM
 
Location: North Central Florida
6,183 posts, read 6,771,908 times
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Quote:
Originally Posted by texdav View Post
This is not the late 20's or 30's is the real key as far has mangig the economy;IMO.Kind of lie comparing WWI to WWII;completely different.
completely different(?), but awfully similar nonetheless...............

YC.......
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Old 08-28-2010, 10:30 AM
 
Location: southern california
60,726 posts, read 78,888,772 times
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every dark cloud has a silver lining, but i dont think positive thinking means you can spend like a drunk sailor and never have to pay. unless the country starts some austerity soon, we are guna see 1929 again.
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Old 08-28-2010, 09:04 PM
 
48,508 posts, read 88,073,582 times
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Quote:
Originally Posted by Philip T View Post
In the 1980's we had the "miracle" of Reagonomics -- in another word, DEBT.

Massive case of .gov debt, corporations had that actual valuable assets and pensions were stripped and debt was left to fill in the holes.

Same thing the MBA/Corporate Looters have done all the way to now. Where the US was once the wealthiest country prior to that "growth," we are now the largest debtors.

We just have hit the end-of-road from our debt-fuel binge.

If Reaganomics was "Morning in America," it is now the "Morning After."
But he had growth and still nothing near the debt with growth in the 1% range with Obama.Obama is the no result hugh spender like some kid with his parents credit card. 43,000 per person and counting.The chanes of a double dpi recessio get more and more likely. Housig is worse shape thah ever .

Last edited by texdav; 08-28-2010 at 09:18 PM..
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