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Old 09-06-2012, 01:34 PM
 
Location: NJ
31,771 posts, read 40,693,520 times
Reputation: 24590

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the one thing i could benefit from is the further decline of the housing market. my next home will likely be more expensive than my current one, so i wouldnt mind if housing falls more. but i definitely wouldnt hope for an increase in unemployment, that seems wrong.
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Old 09-07-2012, 09:27 PM
 
2,401 posts, read 4,683,928 times
Reputation: 2193
Who is hoping for another recession?

Me!
Like how GM is going to fail again... now propped up till after Nov's election...
I hope & prayed that it all fails...
BEFORE November.
So the truth is not put off but truth will be "out".
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Old 09-07-2012, 09:35 PM
 
Location: Los Angeles area
14,016 posts, read 20,905,232 times
Reputation: 32530
Quote:
Originally Posted by hueyeats View Post
Who is hoping for another recession?
Me!
Like how GM is going to fail again... now propped up till after Nov's election...
I hope & prayed that it all fails...
BEFORE November.
So the truth is not put off but truth will be "out".
Let's meet back here six months after the election and see if GM has failed, or if you are living in a fantasy world.
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Old 09-07-2012, 09:39 PM
 
Location: US, California - federalist
2,794 posts, read 3,677,807 times
Reputation: 484
Quote:
Originally Posted by josh u View Post
Am I unpatriotic to secretly hope for another downturn in the economy? By downturn I mean GDP goes negative and home prices fall and unemployment rises by 1-2%. Not forever, just for 1-2 years. Ok, call me unpatriotic

I don't know about other people, but I do very well in recessions. I save during boom years then go on a spending sprea during bad times. Everything from automobiles to equities was so cheap right after the recession. My networth has surged since 2008. And dating is a breeze, as my competition is all penniless.

I'm a contrarian. Does anyone else think this way?
Not me; I can't afford to short any stocks.
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Old 09-07-2012, 10:01 PM
 
2,401 posts, read 4,683,928 times
Reputation: 2193
Quote:
Originally Posted by Escort Rider View Post
Let's meet back here six months after the election and see if GM has failed, or if you are living in a fantasy world.
Yes... talking about "fantasy".
Gotto Loooove that word.

Fantasy world is pouring MORE fantasy money into (how is GM doing right now btw??? If its stock is doing pretty well?? If it has gotten rid of its union burdens??? How did their sales go???) it again.

Fantasy money (more stimulus from the government) = money we tax payers don't have
Or better yet... my fantasy will be an economy propped up by non other than our current president's "OWN" money (NOT taxpayers)... can that ACTUALLY happen???? Really????

Fantasy world indeed.
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Old 09-07-2012, 10:05 PM
 
24,488 posts, read 41,138,516 times
Reputation: 12920
Quote:
Originally Posted by Ruth4Truth View Post
No, you're not a contrarian, just callous to the suffering of others. And what do you men, "another" recession? We're not out of this one yet.
Yes we are and we have been for quite some time.
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Old 09-07-2012, 10:08 PM
 
24,488 posts, read 41,138,516 times
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I would like to see a sharp recession (multiple magnitude of the one a few years ago) and an incredibly aggressive recovery to the point where we're back to the top of the business cycle within 1 year. I'd buy up equity.
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Old 09-08-2012, 10:24 AM
 
Location: US, California - federalist
2,794 posts, read 3,677,807 times
Reputation: 484
I am hoping our elected representatives will find the morals to bear true witness to our own laws, and solve poverty in our republic through existing infrastructure and existing laws that could render our economy more stable through that increase in the circulation of money in our money based markets.
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Old 09-10-2012, 11:16 PM
 
Location: H-town, TX.
3,503 posts, read 7,498,923 times
Reputation: 2232
Quote:
Originally Posted by NJBest View Post
I would like to see a sharp recession (multiple magnitude of the one a few years ago) and an incredibly aggressive recovery to the point where we're back to the top of the business cycle within 1 year. I'd buy up equity.
Cooking books was the only way we got anywhere in the high times. You betting on that happening all over again? This is the norm, btw. Nothing fundamentally says that a recovery is in the books.

I still remember when a good quarter was losing less money than the previous quarter. Ah, the good ol' days.
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Old 09-10-2012, 11:19 PM
 
Location: State of Transition
102,217 posts, read 107,883,295 times
Reputation: 116153
Quote:
Originally Posted by NJBest View Post
Yes we are and we have been for quite some time.
I don't think all the unemployed and the foreclosed-upon got the memo. How do you define "out of the recession"?
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