U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-11-2008, 09:50 AM
 
Location: Great State of Texas
86,068 posts, read 74,761,325 times
Reputation: 27602

Advertisements

travelmate38..I'm tending to agreeing with you. Too many holes in the dam are spewing water and we don't know how many more holes there are ready to burst. The government, banks, brokerages, insurers have not been open about just how bad the debt problem is..we still really don't know today. We are being spoon fed drips and drabs and the MSM glosses over it.
Reply With Quote Quick reply to this message

 
Old 07-12-2008, 03:49 PM
 
3,460 posts, read 5,072,134 times
Reputation: 6677
I'm comin' to see you Elizabeth!!!!
Reply With Quote Quick reply to this message
 
Old 07-13-2008, 03:35 PM
 
5,090 posts, read 10,044,464 times
Reputation: 3961
Quote:
Originally Posted by HappyTexan View Post
travelmate38..I'm tending to agreeing with you. Too many holes in the dam are spewing water and we don't know how many more holes there are ready to burst. The government, banks, brokerages, insurers have not been open about just how bad the debt problem is..we still really don't know today. We are being spoon fed drips and drabs and the MSM glosses over it.
awww, don't take it personal. The boat is just taking on a leeetle itty bit of water, but don't worry it is all insured and unsinkable.

They are just keeping you all 3rd Class and Steerage Class passengers locked away in the dark under the deck for a little while longer, so the First Class lifeboats can get safely away.

No time to panic, everything is going fine.



Nice night for a swim?
Reply With Quote Quick reply to this message
 
Old 03-28-2009, 08:20 AM
 
Location: Mid-Atlantic east coast
5,525 posts, read 10,230,495 times
Reputation: 10742
Looks like many who posted on here in July 2008 had it right! Smart financial smarts, folks. You were closer to reality than many financial guru's....
Reply With Quote Quick reply to this message
 
Old 03-28-2009, 09:37 AM
 
Location: Great State of Texas
86,068 posts, read 74,761,325 times
Reputation: 27602
Interesting to see posts going back to mid 2008. We're no better off today; worse in my opinion.
And we still don't know how much bad debt there is out there being carried by the banks.
Reply With Quote Quick reply to this message
 
Old 03-28-2009, 11:30 AM
 
Location: Mid-Atlantic east coast
5,525 posts, read 10,230,495 times
Reputation: 10742
Some analysts think our recession/depression will follow Japan's (caused by exactly the same scenario as ours,--real estate bubble, toxic loans, etc.), which lasted more than 10 years...there's one difference in Japan's, though. Their govt. applied stimulus measures much later on, ours applied them early on. The future will see whether our early action will shorten our current economic situation, or ours will drag on for a decade like Japan's. Japan's depression is called "the Lost Decade."

24 years later, Japan's real estate values are still 54% lower than they were at the peak...
Reply With Quote Quick reply to this message
 
Old 04-01-2009, 01:40 AM
 
Location: Imaginary Figment
11,456 posts, read 13,034,949 times
Reputation: 4772
Quote:
Originally Posted by LittleDolphin View Post
Do you think we're entering into our generations' Great Depression? Or merely a hic-cup in the road, soon to be healed?
I am very optimistic about the next 18-24 months. Pay no attention to the chicken littles, most of whom advocated the bone headed policies that got us into the mess to begin with.
Reply With Quote Quick reply to this message
 
Old 04-01-2009, 10:08 AM
 
Location: San Diego California
6,797 posts, read 6,484,473 times
Reputation: 5180
Quote:
Originally Posted by victorianpunk View Post
Unemployment went up and WHOPPING 64,000 jobs were lost last month...in 2002, a hundred thousand jobs were lost in one month.

We are not in any way headed into a Depression. The media just needs something to report on other than the election, which a long primary season has already caused viewers to be sick of.

This is not about the economy, this is about RATINGS.
I am not sure where you are getting your statistics, but the job losses last month were 640,000 not 64,000. In the words of George Bush "This sucker is going down"
Reply With Quote Quick reply to this message
 
Old 04-01-2009, 10:21 AM
 
Location: In My Own Little World. . .
3,238 posts, read 8,088,662 times
Reputation: 1601
The private sector lost 742,000 jobs in March. And the jobs lost in February was corrected to 706,000 (per Fidelity Investments web page). I'm not a doom and gloomer, but this isn't looking good.
Reply With Quote Quick reply to this message
 
Old 04-06-2009, 09:30 PM
 
2,024 posts, read 4,705,891 times
Reputation: 1994
This thread is from july 2008 so last month job loss was from last summer. And it does look real bad.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 07:00 PM.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top