Doom! Horror! Despair! (union, debt, buy, taxes)

[Chango]

...well not exactly, but I think this guy is pretty much spot on with his assessment of our current situation.

http://www.marketoracle.co.uk/Article25106.html

I see the same thing happening... a long, slow squeeze or "Silent Depression" as Stathis calls it, lasting years, maybe decades.

Also is a piece of true wisdom; Don't believe the extremes on either side as the truth is actually somewhere in the middle.

Whatdayathink?

[Chango]

No thoughts?

[slackjaw]

I saw all the ads to invest in gold, buy my newsletter, how to profit from the depression etc. and then how the author was so focused on self-promotion and just didn't have the stomach to read much of it.

[Mightyqueen801]

Originally Posted by Chango

...well not exactly, but I think this guy is pretty much spot on with his assessment of our current situation.

http://www.marketoracle.co.uk/Article25106.html

I see the same thing happening... a long, slow squeeze or "Silent Depression" as Stathis calls it, lasting years, maybe decades.

Also is a piece of true wisdom; Don't believe the extremes on either side as the truth is actually somewhere in the middle.

Whatdayathink?

I agree with you on the bolded.

[Chango]

Originally Posted by slackjaw

I saw all the ads to invest in gold, buy my newsletter, how to profit from the depression etc. and then how the author was so focused on self-promotion and just didn't have the stomach to read much of it.

Fair enough, though it's getting hard to find much of anything business related that isn't peddling gold these days...

[slackjaw]

I'd also agree with above poster who was agreeing with you... the truth lies somewhere in-between those forecasting cannibalism in the streets and those predicting a glorious return to mean.

[JohnHAdams]

Depending on what day you ask, I figure our odds are like this:

40%: s**t hits the fan. Don't know if I want to stick around for that unless I am completely off grid...which I work on

30%: long, drawn out recovery with painful lessons learned

30%: Recession worsens into full depression for unknown period

As long as our government can "afford" an electronic police state....we shall have one. So I kind of struggle with cheer leading for a recovery. I'd rather have freedom but that is rare.

[Nor'Eastah]

Originally Posted by Chango

Fair enough, though it's getting hard to find much of anything business related that isn't peddling gold these days...

Since the year 2000, gold is up 510% and still climbing.

Since the year 2000, silver is up 655% and still climbing.

And your stocks and bonds have done...what? Anybody?

[jimhcom]

The problem is that none of the problems with the economy have been fixed, or even addressed for that matter. We have only used smoke and mirrors to disguise the problems or transfer them from one party to another.
We transferred the banks problems to the government, and now the government must deal with them.
With the Congress using the debt ceiling as a bargaining chip to cut Federal spending, things are looking pretty ugly going forward.
Cities and States praying for the Federal government to bail them out are facing a Congress that would love to crush the very Unions who caused the fiscal problems in the Cities and States.
Cutting budgets means cutting jobs. Cutting budgets means fewer contracts to government vendors, which in turn means cutting jobs. Cutting budgets means less entitlement programs which in turn means less spending.
Expect increases in taxes and fees also, which will also mean less spending.
The things which will ultimately fix the economy involve pain and sacrifice, and that will anger many people.

[slackjaw]

Originally Posted by Nor'Eastah

Since the year 2000, gold is up 510% and still climbing.

Since the year 2000, silver is up 655% and still climbing.

And your stocks and bonds have done...what? Anybody?

Hey let's play a round of cherry pick the dates! Weee!

How did gold vs. stocks do the decade from 1990 to 2000? DOW went up 300%, gold lost value.