Depression. People starting to suggest it…

[Rockemsock]

“Yes, it’s here. Welcome to the Depression. No, don’t drop whatever it is you’re doing. Don’t get up. It’s not going anywhere. It will wait. It’s just going to sit over here in the corner and read a magazine while you do whatever it is you need to do.”

http://biz.yahoo.com/minyanville/080716/20080715ftstealthdep_id.html?.v=1

Obviously not the most respected media source…but then again, the blogosphere never gives much credence to “credentials”.

[PadreBrian]

It’s just a resection. The unemployment is too low. But, if there are more layoffs/out-sourcing or there’s a banking collapse, we’ll be there. BUT, I don’t see that happening. Dubya is doing everything he can to correct his blunders…he doesn’t want to take the title as “worst president ever” from Hoover.

[PadreBrian]

It’s just a resection. The unemployment is too low. But, if there are more layoffs/out-sourcing or there’s a banking collapse, we’ll be there. BUT, I don’t see that happening. Dubya is doing everything he can to correct his blunders…he doesn’t want to take the title as “worst president ever” from Hoover.

[PadreBrian]

It’s just a resection. The unemployment is too low. But, if there are more layoffs/out-sourcing or there’s a banking collapse, we’ll be there. BUT, I don’t see that happening. Dubya is doing everything he can to correct his blunders…he doesn’t want to take the title as “worst president ever” from Hoover.

[PadreBrian]

It’s just a resection. The unemployment is too low. But, if there are more layoffs/out-sourcing or there’s a banking collapse, we’ll be there. BUT, I don’t see that happening. Dubya is doing everything he can to correct his blunders…he doesn’t want to take the title as “worst president ever” from Hoover.

[PadreBrian]

It’s just a resection. The unemployment is too low. But, if there are more layoffs/out-sourcing or there’s a banking collapse, we’ll be there. BUT, I don’t see that happening. Dubya is doing everything he can to correct his blunders…he doesn’t want to take the title as “worst president ever” from Hoover.

[cr]

Interesting read, except I am unfortunately not as optimistic because looking at what pulled America out the Great Depression I don’t see such opportunity this time around. We’re already at war, already predominantly dual house-hold incomes, and greatly reducing manufacturing jobs.

Apparently I’m not as optimistic as Wall Street either seeing as the Dow is up about 2% today despite a 1.1% jump in consumer prices for June alone, but that’s basically the article’s point.

Then again a close look at the Dow from 1928 to 1938 by no means gives reason to think today’s jump means the bottom is behind us.

[img_assist|nid=8275|title=Dow ’28-38|desc=|link=node|align=left|width=100|height=55]

[cr]

Interesting read, except I am unfortunately not as optimistic because looking at what pulled America out the Great Depression I don’t see such opportunity this time around. We’re already at war, already predominantly dual house-hold incomes, and greatly reducing manufacturing jobs.

Apparently I’m not as optimistic as Wall Street either seeing as the Dow is up about 2% today despite a 1.1% jump in consumer prices for June alone, but that’s basically the article’s point.

Then again a close look at the Dow from 1928 to 1938 by no means gives reason to think today’s jump means the bottom is behind us.

[img_assist|nid=8275|title=Dow ’28-38|desc=|link=node|align=left|width=100|height=55]

[cr]

Interesting read, except I am unfortunately not as optimistic because looking at what pulled America out the Great Depression I don’t see such opportunity this time around. We’re already at war, already predominantly dual house-hold incomes, and greatly reducing manufacturing jobs.

Apparently I’m not as optimistic as Wall Street either seeing as the Dow is up about 2% today despite a 1.1% jump in consumer prices for June alone, but that’s basically the article’s point.

Then again a close look at the Dow from 1928 to 1938 by no means gives reason to think today’s jump means the bottom is behind us.

[img_assist|nid=8275|title=Dow ’28-38|desc=|link=node|align=left|width=100|height=55]

[cr]

Interesting read, except I am unfortunately not as optimistic because looking at what pulled America out the Great Depression I don’t see such opportunity this time around. We’re already at war, already predominantly dual house-hold incomes, and greatly reducing manufacturing jobs.

Apparently I’m not as optimistic as Wall Street either seeing as the Dow is up about 2% today despite a 1.1% jump in consumer prices for June alone, but that’s basically the article’s point.

Then again a close look at the Dow from 1928 to 1938 by no means gives reason to think today’s jump means the bottom is behind us.

[img_assist|nid=8275|title=Dow ’28-38|desc=|link=node|align=left|width=100|height=55]

[cr]

Interesting read, except I am unfortunately not as optimistic because looking at what pulled America out the Great Depression I don’t see such opportunity this time around. We’re already at war, already predominantly dual house-hold incomes, and greatly reducing manufacturing jobs.

Apparently I’m not as optimistic as Wall Street either seeing as the Dow is up about 2% today despite a 1.1% jump in consumer prices for June alone, but that’s basically the article’s point.

Then again a close look at the Dow from 1928 to 1938 by no means gives reason to think today’s jump means the bottom is behind us.

[img_assist|nid=8275|title=Dow ’28-38|desc=|link=node|align=left|width=100|height=55]

[peterb]

WWII brought about full employment based on huge govt spending. By the end of WWII the USA had a debt greater than 50% of it’s GDP. Historically speaking, we could go there again. The Fed is trying every trick in the book to get money moving, but it aint working….so if they cant get the private sector to spend, then they’ll have to start spending themselves. Which is essentially what brought us out of the Great Depression. It makes sense, when things get really bad, the only people who will spend money are those that dont have to earn it.

[peterb]

WWII brought about full employment based on huge govt spending. By the end of WWII the USA had a debt greater than 50% of it’s GDP. Historically speaking, we could go there again. The Fed is trying every trick in the book to get money moving, but it aint working….so if they cant get the private sector to spend, then they’ll have to start spending themselves. Which is essentially what brought us out of the Great Depression. It makes sense, when things get really bad, the only people who will spend money are those that dont have to earn it.

[peterb]

WWII brought about full employment based on huge govt spending. By the end of WWII the USA had a debt greater than 50% of it’s GDP. Historically speaking, we could go there again. The Fed is trying every trick in the book to get money moving, but it aint working….so if they cant get the private sector to spend, then they’ll have to start spending themselves. Which is essentially what brought us out of the Great Depression. It makes sense, when things get really bad, the only people who will spend money are those that dont have to earn it.

[peterb]

WWII brought about full employment based on huge govt spending. By the end of WWII the USA had a debt greater than 50% of it’s GDP. Historically speaking, we could go there again. The Fed is trying every trick in the book to get money moving, but it aint working….so if they cant get the private sector to spend, then they’ll have to start spending themselves. Which is essentially what brought us out of the Great Depression. It makes sense, when things get really bad, the only people who will spend money are those that dont have to earn it.

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