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stansd.
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January 25, 2009 at 3:55 AM #335847January 25, 2009 at 10:57 AM #335511
Nor-LA-SD-guy
ParticipantHmm ,
I guess what I was trying to say is,
Just as the bubble was unsustainable,
That the current down turn is unsustainable.
(At some point you will run out of foreclosures although it may be awhile yet).
January 25, 2009 at 10:57 AM #335840ParticipantHmm ,
I guess what I was trying to say is,
Just as the bubble was unsustainable,
That the current down turn is unsustainable.
(At some point you will run out of foreclosures although it may be awhile yet).
January 25, 2009 at 10:57 AM #335926ParticipantHmm ,
I guess what I was trying to say is,
Just as the bubble was unsustainable,
That the current down turn is unsustainable.
(At some point you will run out of foreclosures although it may be awhile yet).
January 25, 2009 at 10:57 AM #335954ParticipantHmm ,
I guess what I was trying to say is,
Just as the bubble was unsustainable,
That the current down turn is unsustainable.
(At some point you will run out of foreclosures although it may be awhile yet).
January 25, 2009 at 10:57 AM #336041ParticipantHmm ,
I guess what I was trying to say is,
Just as the bubble was unsustainable,
That the current down turn is unsustainable.
(At some point you will run out of foreclosures although it may be awhile yet).
January 29, 2009 at 5:39 AM #337966Anonymous
GuestAgree with the prior statements, classic inflation requires wage inflation. With an economy like ours losing jobs at an epic rate, not only do I not see wage inflation, I see lack of jobs affecting wage creation period.
Maybe we’ll get inflation a few years down the line. (But look at Japan. Japan wasn’t really successful stopping their deflationary spiral, after twenty or so years they might be bottoming now.)
And the jobs I see that are going are good paying jobs…catepillar, high tech, etc. These will be replaced w/ what ? burger flipping jobs ?
The #’s I’ve seen daily for the past year of what our gov’t is doing to save the system truly scare me and I believe have made us numb. FNM, FRE, guarantees to BSC, BAC, the Fed buying MBS and taking toxic assets on their balance sheets. etc etc.
I think what we are experiencing is the great deleveraging of debt that took 25+ yrs to build up.
If you could go back in time and tell a classic economist what has transpired, he’d probably tell you that that was financial armageddon and you no doubt experienced a depression.
I understand that our gov’t is deliberately trying to debase our currency, and I understand gold as a historical store of value, but I’m staying in cash and staying w/ my bunker mentality for now.
Nothing looks too promising right now.
January 29, 2009 at 5:39 AM #338295GuestAgree with the prior statements, classic inflation requires wage inflation. With an economy like ours losing jobs at an epic rate, not only do I not see wage inflation, I see lack of jobs affecting wage creation period.
Maybe we’ll get inflation a few years down the line. (But look at Japan. Japan wasn’t really successful stopping their deflationary spiral, after twenty or so years they might be bottoming now.)
And the jobs I see that are going are good paying jobs…catepillar, high tech, etc. These will be replaced w/ what ? burger flipping jobs ?
The #’s I’ve seen daily for the past year of what our gov’t is doing to save the system truly scare me and I believe have made us numb. FNM, FRE, guarantees to BSC, BAC, the Fed buying MBS and taking toxic assets on their balance sheets. etc etc.
I think what we are experiencing is the great deleveraging of debt that took 25+ yrs to build up.
If you could go back in time and tell a classic economist what has transpired, he’d probably tell you that that was financial armageddon and you no doubt experienced a depression.
I understand that our gov’t is deliberately trying to debase our currency, and I understand gold as a historical store of value, but I’m staying in cash and staying w/ my bunker mentality for now.
Nothing looks too promising right now.
January 29, 2009 at 5:39 AM #338389GuestAgree with the prior statements, classic inflation requires wage inflation. With an economy like ours losing jobs at an epic rate, not only do I not see wage inflation, I see lack of jobs affecting wage creation period.
Maybe we’ll get inflation a few years down the line. (But look at Japan. Japan wasn’t really successful stopping their deflationary spiral, after twenty or so years they might be bottoming now.)
And the jobs I see that are going are good paying jobs…catepillar, high tech, etc. These will be replaced w/ what ? burger flipping jobs ?
The #’s I’ve seen daily for the past year of what our gov’t is doing to save the system truly scare me and I believe have made us numb. FNM, FRE, guarantees to BSC, BAC, the Fed buying MBS and taking toxic assets on their balance sheets. etc etc.
I think what we are experiencing is the great deleveraging of debt that took 25+ yrs to build up.
If you could go back in time and tell a classic economist what has transpired, he’d probably tell you that that was financial armageddon and you no doubt experienced a depression.
I understand that our gov’t is deliberately trying to debase our currency, and I understand gold as a historical store of value, but I’m staying in cash and staying w/ my bunker mentality for now.
Nothing looks too promising right now.
January 29, 2009 at 5:39 AM #338416GuestAgree with the prior statements, classic inflation requires wage inflation. With an economy like ours losing jobs at an epic rate, not only do I not see wage inflation, I see lack of jobs affecting wage creation period.
Maybe we’ll get inflation a few years down the line. (But look at Japan. Japan wasn’t really successful stopping their deflationary spiral, after twenty or so years they might be bottoming now.)
And the jobs I see that are going are good paying jobs…catepillar, high tech, etc. These will be replaced w/ what ? burger flipping jobs ?
The #’s I’ve seen daily for the past year of what our gov’t is doing to save the system truly scare me and I believe have made us numb. FNM, FRE, guarantees to BSC, BAC, the Fed buying MBS and taking toxic assets on their balance sheets. etc etc.
I think what we are experiencing is the great deleveraging of debt that took 25+ yrs to build up.
If you could go back in time and tell a classic economist what has transpired, he’d probably tell you that that was financial armageddon and you no doubt experienced a depression.
I understand that our gov’t is deliberately trying to debase our currency, and I understand gold as a historical store of value, but I’m staying in cash and staying w/ my bunker mentality for now.
Nothing looks too promising right now.
January 29, 2009 at 5:39 AM #338508GuestAgree with the prior statements, classic inflation requires wage inflation. With an economy like ours losing jobs at an epic rate, not only do I not see wage inflation, I see lack of jobs affecting wage creation period.
Maybe we’ll get inflation a few years down the line. (But look at Japan. Japan wasn’t really successful stopping their deflationary spiral, after twenty or so years they might be bottoming now.)
And the jobs I see that are going are good paying jobs…catepillar, high tech, etc. These will be replaced w/ what ? burger flipping jobs ?
The #’s I’ve seen daily for the past year of what our gov’t is doing to save the system truly scare me and I believe have made us numb. FNM, FRE, guarantees to BSC, BAC, the Fed buying MBS and taking toxic assets on their balance sheets. etc etc.
I think what we are experiencing is the great deleveraging of debt that took 25+ yrs to build up.
If you could go back in time and tell a classic economist what has transpired, he’d probably tell you that that was financial armageddon and you no doubt experienced a depression.
I understand that our gov’t is deliberately trying to debase our currency, and I understand gold as a historical store of value, but I’m staying in cash and staying w/ my bunker mentality for now.
Nothing looks too promising right now.
January 29, 2009 at 6:57 AM #337971ParticipantWell yea I can see us all driving 23 year old cars, and doubling up families in homes in 10 years (NOT !!!)
Just like the bubble was unsustainable this down turn is now unsustainable as well.
What happen in Japan was in large part due to the aging and declining population.
January 29, 2009 at 6:57 AM #338301ParticipantWell yea I can see us all driving 23 year old cars, and doubling up families in homes in 10 years (NOT !!!)
Just like the bubble was unsustainable this down turn is now unsustainable as well.
What happen in Japan was in large part due to the aging and declining population.
January 29, 2009 at 6:57 AM #338394ParticipantWell yea I can see us all driving 23 year old cars, and doubling up families in homes in 10 years (NOT !!!)
Just like the bubble was unsustainable this down turn is now unsustainable as well.
What happen in Japan was in large part due to the aging and declining population.
January 29, 2009 at 6:57 AM #338421ParticipantWell yea I can see us all driving 23 year old cars, and doubling up families in homes in 10 years (NOT !!!)
Just like the bubble was unsustainable this down turn is now unsustainable as well.
What happen in Japan was in large part due to the aging and declining population.
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