Is Great Depression 2.0 Coming or is it already here?

[Malloric]

Originally Posted by pvande55

We did have a depression from 2007-12 (years debatable). One factor keeping it from becoming a Great one was the stimulus effect of war. I say not for a few years.

Sure, there's no definition of depression. Outside of a bad or long-lasting recession, there's just no real consensus on that. The 2008-2009 recession was a bad recession so you could call it a depression. Depression is more a colloquial term and most people have colloquially taken to calling it the Great Recession.

Not sure what my 89-year-old grandmother or four-year-old niece not being in the workforce has to do with anything myself though. I just can't get concerned about them not working. There's been a moderate drop in the 25-54 cohort which is due to a variety of factors including an increase in stay-at-home parents, which again doesn't concern me. I actually think that's a positive sign that there's an increase in families that can support themselves on one income. There's other factors also driving down the 25-54 cohort which aren't as positive though. That said, it's really not that low. We're much, much closer to the ~84% of the late '90s and than the ~68-72% we had during the so-called golden era of the late 50's and '60s.

[C2BP]

Originally Posted by ColoGuy

We are living off of debt issued by a large credit card with the name Federal Reserve on it. Very worrisome trends....may have already hit critical mass....beyond the point of no return.

It gets much worse. We have more federal workers than manufacturing workers. Medicare has unfunded liabilities over 50 trillion. Social Security has unfunded liabilities over 30 trillion.

We are drowning in:
Debt
Depression
Petrochemical/Pharmaceutical/Psychotropics
Obesity
Suicides
Divorce
Domestic violence
Crime wave - this time it is law enforcement via civil forfeiture. We gave them a no questions asked carte blanche card to do as they please.
Surveillance
Never ending wars
Incarceration
Drug & alcohol dependence
Denial
Arrogance
Confusion - people used to know which restroom to use
Abortion
Regulations
Lawless government protecting those in power
School shootings - (the shooters take psychotropic medication)
Marriage and the family are under siege...and losing
Unhealthy food saturated with herbicides and GMOs etc.

Few thoughts off the top of my head.

Thank you for your post Cool Guy and Happy New Year. Yes, our system and our way of life is SICK. Our Prisons are full, our mental institutions are full and etc.. There is something terribly wrong with America today and those individuals who are purposely ignoring and denying this fact, protecting status quo and our FED are responsible for the destruction of our country and all this debt that we are leaving to our kids.

We as a nation, we are BROKE, what is so hard to understand about it???? The so called economic recovery is nothing but a lie and illusion. We have been in Depression since 2001 and as soon as interest rates are meaninfully allowed to go up massive defaults and bankruptcies are going to kick in. This economy that is running on cheap money is phony and fake economy engineered by the FED to fool everyone how this recovery is real. It's not real, it's a scam!!!!!!

[NewbieHere]

The FANG stocks have not done well. But they are big stable stocks.

[NewbieHere]

For tech stocks, NVDIA, AMAT, and MU were big winners in 2016, not FANG stocks.

[toosie]

Originally Posted by jrkliny

Maybe we need to start reporting these posts to the moderators. It seems that virtually the same post over and over and over again might qualify as trolling. If not it is certainly annoying and kills an hope of real discussion.

Wouldn't that be something?