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Old 07-17-2008, 04:26 PM
 
Location: Fort Myers Fl
2,305 posts, read 2,752,646 times
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Maybe this is what Obama is talking about when he means "change".
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Old 07-17-2008, 05:08 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,248 posts, read 21,916,255 times
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Quote:
Originally Posted by thebigr View Post
Maybe this is what Obama is talking about when he means "change".
Don't blame him for it. He did not make the messes we are in now. He did not run up the deficit by cutting taxes for the rich while paying $200 billion a year for an elective war. And he did not devalue the dollar to peso levels. While I am optimistic that we are finally seeing light at the end of the tunnel, blame the idiot in charge for this mess.
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Old 11-12-2012, 02:24 PM
 
1 posts, read 925 times
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dafaq?Q?Q?!?!?
Bangladesh is actually an n-11 country with 7% growth and expected to join the trillion $ economies by 2040 according to Goldman Sachs.
Thats quite rich for a country that small!
So if you refer in that way then i dont think so.U.S economy slowdown will definitely be permanent unlike bangladesh because of the globalization effect.So i think what you meant was africa,india or something else.Sure now you are gonna say india is a major world economy, but when it comes to collecting trash and economic slowdown history then india obviously by far leads the world.
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Old 11-12-2012, 05:47 PM
 
Location: Land of Free Johnson-Weld-2016
6,473 posts, read 14,373,903 times
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Dang, y'all. As a third-worlder, I am going to try to provide another view of Bangladesh. There are places in Baltimore which are poorer and scarier than anyplace I've ever seen in the third world. I've also seen people going through dumpsters in the US. I visited one place while looking for investment property which caused me to cry afterwards.

I saw quite a few homeless people in No California as well.

Anyway, I am positive not everyone is eating garbage in Bangladesh. They're probably eating better than I am currently. Here's a condo in the capital Dhaka:

Uttara Sector 10 Apartment for Sale - brand new Dhaka Flat Tk 5000/ SFT - YouTube

A country side Bangladeshi lady...living the dream of many Americans. Off the grid, in the verdant, natural countryside and w/ Solar (the point is she doesn't appear to be starving to me):
Solar Home Systems: Lighting up Bangladesh's Countryside | Promoting dialogue on development in South Asia

Bangladesh is apparently a really green country, somewhat like Ireland, but warm and probably w/ more arable land:
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Old 11-12-2012, 06:56 PM
 
Location: Fort Payne Alabama
1,504 posts, read 1,751,418 times
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Quote:
Originally Posted by JoeyT View Post
Is an America that looks like a giant Bangladesh in our future? If so, how long till we get there? What % of 300 million here will be roaming the streets scavenging trash cans before things start to pick up? Will they EVER pick up? Will the descent be rapid or slow-motion? Opinions please.
I doubt if the OP has EVER been to Bangladesh, it is TOTALLY crazy to compare our two nations, now or in the next 50 years!
Oh, and yes I have been there............
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Old 11-12-2012, 10:28 PM
 
5,090 posts, read 10,049,893 times
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Still interesting to flip through this thread and look at the dates.

Mostly July 2008.

Before the big(ger) Crash/Collapse had settled in.

Think folks then had much idea what was coming?
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Old 11-13-2012, 02:09 AM
 
Location: Los Angeles area
14,017 posts, read 18,385,356 times
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Quote:
Originally Posted by desertsun41 View Post
I dont know about a Bangledesh but we are heading right for another Great Depression. All the signs are there.

What we are in for is going to make 1928 look like a blip on the map. Mark my words. Im saving this post and will repost it when it all crashes.
Well, Desertsun41, it has now been over four years since you posted this. The U.S. economy has been recovering (improving) for some time now, albeit very slowly and in a spotty manner. A lot of the real estate foreclosures have been processed through the system, although quite a few remain.

Glad you're saving your post. Looks like you will need to continue saving it for quite some time yet.

Last edited by Escort Rider; 11-13-2012 at 02:20 AM..
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Old 11-13-2012, 08:00 AM
 
Location: Houston, Texas
10,425 posts, read 45,513,833 times
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Quote:
Originally Posted by Escort Rider View Post
Well, Desertsun41, it has now been over four years since you posted this. The U.S. economy has been recovering (improving) for some time now, albeit very slowly and in a spotty manner. A lot of the real estate foreclosures have been processed through the system, although quite a few remain.

Glad you're saving your post. Looks like you will need to continue saving it for quite some time yet.
Looks like I was right afterall. My predictions were all correct. This economy continues to deteriorate. Sure.......we are out of the recession and we have entered into a deep deep depression. To this day the construction industry and any business who are remotely related to it continues to be devastated to the maximum.

Other then a few isolated areas and unique professions, I still don't see this economy improving anytime soon.

Glad some one brought this old post to life again. Perhaps some one will bring it up again in another 4 years.
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Old 11-13-2012, 06:49 PM
 
Location: Los Angeles area
14,017 posts, read 18,385,356 times
Reputation: 32398
Quote:
Originally Posted by desertsun41 View Post
Looks like I was right afterall. My predictions were all correct. This economy continues to deteriorate. Sure.......we are out of the recession and we have entered into a deep deep depression. To this day the construction industry and any business who are remotely related to it continues to be devastated to the maximum.

Other then a few isolated areas and unique professions, I still don't see this economy improving anytime soon.

Glad some one brought this old post to life again. Perhaps some one will bring it up again in another 4 years.
1. We are not in any depression, deep or otherwise.
2. To cite one industry, whether construction or some other one, doesn't prove anything about the economy as a whole. There are various sorts of national statistics which measure the economy as a whole.
3. Your prediction that the Great Depression which started in 1929 would be chicken feed compared to what we were to be facing shortly (back four years ago when you wrote about it) was as wrong as wrong could be. It is amazing that you could conclude that your predictions were correct. Or perhaps your post above was an attempt at humor?
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Old 11-14-2012, 12:05 AM
 
20,364 posts, read 18,385,798 times
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Four years of treading water economically, an increasing national debt, rising annual deficits, more people on food stamps than ever, more and more cities and states declaring bankruptcy, unemployment growing, higher gas prices and now worry over the fiscal cliff is chilling the weak stock market recovery, what there was of it.
Low interest rates and bailouts kept things on life support but that is not enough any more. Oh well, one mans recovery is a lot of other peoples continued recession.
We're a lot closer to bangladesh( why pick on Bangladesh?) or Mexico or Brazil or Greece or Spain than ever. One bad regional disaster and we've seen how things fall apart. Imagine a national disater and its chaos time.
Desertsun, lets hope your prediction is still a ways off but I think many people are looking at it with less skepticism than previously.
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