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Old 10-15-2008, 11:17 AM
 
Location: West, Southwest, East & Northeast
3,463 posts, read 7,307,014 times
Reputation: 871

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According to Bernanke - Recovery will be slow...and home prices will likely fall another 10% - 15% or more.
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Old 10-15-2008, 11:27 AM
 
Location: SoCal
316 posts, read 692,833 times
Reputation: 70
Quote:
Originally Posted by Kooter View Post
According to Bernanke - Recovery will be slow...and home prices will likely fall another 10% - 15% or more.

YEP! It's gonna be long & Ugly?
What Happens when the Interest rate hit Zero?


AS RECESSION LOOMS, FED FACES PRESSURE TO CUT MORE !

As Recession Looms, Fed Faces Pressure to Cut More - Economy * US * News * Story - CNBC.com
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Old 10-15-2008, 11:46 AM
 
5,760 posts, read 11,548,273 times
Reputation: 4949
I am holding out for negative interest rates -- where they PAY me to take and use their money.

Since the name The Great Depression (tm) is already taken, what shall we call this one?

The Great Depression II? -- that almost sounds as creative as Hollywood
The Super Depression? -- rather lame, as well.
Bushonomics? -- yeah I know . . . . political -- waaaah, waaah, waaaaaahhh!! Accountability Sucks, huh?
Obamanomics? -- poor fool. You know they will try to blame the Black Man.

Ok, what else we got to work with, here?

Where are the marketing bs types when you need them?
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Old 10-15-2008, 11:50 AM
 
3,459 posts, read 5,795,107 times
Reputation: 6677
The Prozac Years?
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Old 10-15-2008, 11:52 AM
 
Location: America
6,993 posts, read 17,369,373 times
Reputation: 2093
Quote:
Originally Posted by Philip T View Post
I am holding out for negative interest rates -- where they PAY me to take and use their money.

Since the name The Great Depression (tm) is already taken, what shall we call this one?

The Great Depression II? -- that almost sounds as creative as Hollywood
The Super Depression? -- rather lame, as well.
Bushonomics? -- yeah I know . . . . political -- waaaah, waaah, waaaaaahhh!! Accountability Sucks, huh?
Obamanomics? -- poor fool. You know they will try to blame the Black Man.

Ok, what else we got to work with, here?

Where are the marketing bs types when you need them?
the "great depression" was the second one in U.S. history
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Old 10-15-2008, 11:59 AM
 
5,760 posts, read 11,548,273 times
Reputation: 4949
Quote:
Originally Posted by Wild Style View Post
the "great depression" was the second one in U.S. history
Now you are starting to make this sound a Star Wars pre-quel and we will have to start naming them like software releases

Great Depression 0.9
Great Depression 1.0
Great Depression 2.0

geezzz. "Prozac" is right. America's creativity has gone to sheet.

No wonder we cannot write decent bad checks to the world, anymore.
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Old 10-15-2008, 12:02 PM
 
Location: Hope, AR
1,509 posts, read 3,084,255 times
Reputation: 254
One thing everyone is forgetting: green jobs. This is what will save the economy.
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Old 10-15-2008, 12:11 PM
 
Location: Chino, CA
1,458 posts, read 3,284,336 times
Reputation: 557
Quote:
Originally Posted by Lulu101 View Post
One thing everyone is forgetting: green jobs. This is what will save the economy.
What green jobs? And what financing? Most of the "green" companies outsource the manufacturing out to Asia.... and the major producers of Solar panels aren't even American... Sharp? Mitsubishi? the Japanese and Germans are way ahead of the game in Alternative/Clean energy...

Remember? We didn't think we needed to sign the Kyoto Protocol... because... Yes... We're Americans.. and we're number #1 and Oil is Cheap! We're playing catch-up in this field... like everything else... except maybe entertainment. I think we're number #1 in that field... except our production companies are moving to Canada/Mexico and other countries...

It's great being American

-chuck22b
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Old 10-15-2008, 12:11 PM
 
Location: San Diego
936 posts, read 3,191,409 times
Reputation: 467
Quote:
Originally Posted by Philip T View Post
I am holding out for negative interest rates -- where they PAY me to take and use their money.

Since the name The Great Depression (tm) is already taken, what shall we call this one?

The Great Depression II? -- that almost sounds as creative as Hollywood
The Super Depression? -- rather lame, as well.
Bushonomics? -- yeah I know . . . . political -- waaaah, waaah, waaaaaahhh!! Accountability Sucks, huh?
Obamanomics? -- poor fool. You know they will try to blame the Black Man.

Ok, what else we got to work with, here?

Where are the marketing bs types when you need them?
The Great Crash of '08
followed by The GREAT Credit Crunch ('08 to '14) it will last awhile

or just call it the Great Socialist Era..... the word 'Great' is a must have prerequisite to describe our times
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Old 10-15-2008, 12:15 PM
 
Location: America
6,993 posts, read 17,369,373 times
Reputation: 2093
Quote:
Originally Posted by Philip T View Post
Now you are starting to make this sound a Star Wars pre-quel and we will have to start naming them like software releases

Great Depression 0.9
Great Depression 1.0
Great Depression 2.0

geezzz. "Prozac" is right. America's creativity has gone to sheet.

No wonder we cannot write decent bad checks to the world, anymore.
1873 - 1879 (Panic of 1873) aka the long depression

1929 - 1939 Great Depression

2007 - (who knows) *drawing a blank for a name*
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