Comparison between the Great Depression and Now

[stockstradr]

I’m just a whacko nutjob so take what I say with a grain of salt …

Maybe, maybe not.

I think about our economic predicament in terms of consumer spending, upon which about 70% of our GDP rests.

So I ask myself hypothetical common sense question: “How much will typical American reduce their spending? 5%? 10%? 20%? 30%?”

I think it is very possible Americans will reduce their spending on average by over 15%, maybe even over 20%. So clearly we are looking at some quarters ahead with GDP declining.

Sales of cars and light trucks fell 27% last month, reached a 15-year low, according to Autodata Corp. Even Toyota was down 32%.

If that data is at all representative of how consumers are cutting back spending, we’ve got a severe recession or depression coming our way.

[4plexowner]

Two signs of economic trouble:

1. Starbucks closes 600 stores

2. Toyota sales down 32%

~

Toyota vehicles are THE BOMB – check Consumer Reports on this brand if you aren’t familiar with their track record

When Toyota sales drop 32% we are definitely in economic hard times

Next time you need a vehicle to drive for 300,000 miles or so buy a Toyota – if you like rickety POS’ continue to buy other brands (alright, I drive a BMW because it is a SPORTS car and looks swoop-ey – the truck I’m about to buy will be a Toyota)

[4plexowner]

Two signs of economic trouble:

1. Starbucks closes 600 stores

2. Toyota sales down 32%

~

Toyota vehicles are THE BOMB – check Consumer Reports on this brand if you aren’t familiar with their track record

When Toyota sales drop 32% we are definitely in economic hard times

Next time you need a vehicle to drive for 300,000 miles or so buy a Toyota – if you like rickety POS’ continue to buy other brands (alright, I drive a BMW because it is a SPORTS car and looks swoop-ey – the truck I’m about to buy will be a Toyota)

[4plexowner]

Two signs of economic trouble:

1. Starbucks closes 600 stores

2. Toyota sales down 32%

~

Toyota vehicles are THE BOMB – check Consumer Reports on this brand if you aren’t familiar with their track record

When Toyota sales drop 32% we are definitely in economic hard times

Next time you need a vehicle to drive for 300,000 miles or so buy a Toyota – if you like rickety POS’ continue to buy other brands (alright, I drive a BMW because it is a SPORTS car and looks swoop-ey – the truck I’m about to buy will be a Toyota)

[4plexowner]

Two signs of economic trouble:

1. Starbucks closes 600 stores

2. Toyota sales down 32%

~

Toyota vehicles are THE BOMB – check Consumer Reports on this brand if you aren’t familiar with their track record

When Toyota sales drop 32% we are definitely in economic hard times

Next time you need a vehicle to drive for 300,000 miles or so buy a Toyota – if you like rickety POS’ continue to buy other brands (alright, I drive a BMW because it is a SPORTS car and looks swoop-ey – the truck I’m about to buy will be a Toyota)

[4plexowner]

Two signs of economic trouble:

1. Starbucks closes 600 stores

2. Toyota sales down 32%

~

Toyota vehicles are THE BOMB – check Consumer Reports on this brand if you aren’t familiar with their track record

When Toyota sales drop 32% we are definitely in economic hard times

Next time you need a vehicle to drive for 300,000 miles or so buy a Toyota – if you like rickety POS’ continue to buy other brands (alright, I drive a BMW because it is a SPORTS car and looks swoop-ey – the truck I’m about to buy will be a Toyota)

[Ex-SD]

Harry, I believe that unemployment will rise somewhere between 20%-25% before this is all over. Of course, the government is going to be throwing a lot of money at variety of ways to fix the problem…………..primarily, they will probably wind up making a deal with just about everyone who has a mortgage where the house is worth less than what they owe. Example: I suspect that the Federal Government will wind up determining what the median price should be for all houses in all areas and write down the mortgages to that amount and rebate a portion of the difference to the banks. This would stop housing prices from falling and stabilize the housing market. I can see the idiots in Washington doing this within the next two years (and I hope I’m wrong).

[Ex-SD]

Harry, I believe that unemployment will rise somewhere between 20%-25% before this is all over. Of course, the government is going to be throwing a lot of money at variety of ways to fix the problem…………..primarily, they will probably wind up making a deal with just about everyone who has a mortgage where the house is worth less than what they owe. Example: I suspect that the Federal Government will wind up determining what the median price should be for all houses in all areas and write down the mortgages to that amount and rebate a portion of the difference to the banks. This would stop housing prices from falling and stabilize the housing market. I can see the idiots in Washington doing this within the next two years (and I hope I’m wrong).

[Ex-SD]

Harry, I believe that unemployment will rise somewhere between 20%-25% before this is all over. Of course, the government is going to be throwing a lot of money at variety of ways to fix the problem…………..primarily, they will probably wind up making a deal with just about everyone who has a mortgage where the house is worth less than what they owe. Example: I suspect that the Federal Government will wind up determining what the median price should be for all houses in all areas and write down the mortgages to that amount and rebate a portion of the difference to the banks. This would stop housing prices from falling and stabilize the housing market. I can see the idiots in Washington doing this within the next two years (and I hope I’m wrong).

[Ex-SD]

Harry, I believe that unemployment will rise somewhere between 20%-25% before this is all over. Of course, the government is going to be throwing a lot of money at variety of ways to fix the problem…………..primarily, they will probably wind up making a deal with just about everyone who has a mortgage where the house is worth less than what they owe. Example: I suspect that the Federal Government will wind up determining what the median price should be for all houses in all areas and write down the mortgages to that amount and rebate a portion of the difference to the banks. This would stop housing prices from falling and stabilize the housing market. I can see the idiots in Washington doing this within the next two years (and I hope I’m wrong).

[Ex-SD]

Harry, I believe that unemployment will rise somewhere between 20%-25% before this is all over. Of course, the government is going to be throwing a lot of money at variety of ways to fix the problem…………..primarily, they will probably wind up making a deal with just about everyone who has a mortgage where the house is worth less than what they owe. Example: I suspect that the Federal Government will wind up determining what the median price should be for all houses in all areas and write down the mortgages to that amount and rebate a portion of the difference to the banks. This would stop housing prices from falling and stabilize the housing market. I can see the idiots in Washington doing this within the next two years (and I hope I’m wrong).

[cr]

Our Government will print us out of this mess and into another, longer, period probably of high inflation.

But at that point it will still be better to have devauled dollars than none at all.

The solution to all of this eventually will be a difficult combination of raised rates, and job creation.

[cr]

Our Government will print us out of this mess and into another, longer, period probably of high inflation.

But at that point it will still be better to have devauled dollars than none at all.

The solution to all of this eventually will be a difficult combination of raised rates, and job creation.

[cr]

Our Government will print us out of this mess and into another, longer, period probably of high inflation.

But at that point it will still be better to have devauled dollars than none at all.

The solution to all of this eventually will be a difficult combination of raised rates, and job creation.

[cr]

Our Government will print us out of this mess and into another, longer, period probably of high inflation.

But at that point it will still be better to have devauled dollars than none at all.

The solution to all of this eventually will be a difficult combination of raised rates, and job creation.

[Author]

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