Lot’s of bloody noses on Wall Street today

[Coronita]

bsrsharma – Actually I beg to differ. All of the fat is already being trimmed in the industries you mentioned. In fact by the time the recession hits, those industries will be close to 100% shaken out as they have already been shedding jobs the past 18 months. Think about a general slowdown all around. As companies contract R/D slows down, production slows down, funding for new projects gets put on hold. Retail sectors slow down… I can go on and on. I am not debating whether a recession is good or bad for an economy. However vulnerability to many more professions is alot more prevalent then you have indicated. I would gather that many posters here have not been through a full blown recession. SD Realtor

 

Exactly. My parents, my sis, and I have all been through the 80ies, 90ies, and the dot bombs. It's no fun, and we did end up doing better than most folks, but like I said, it's nothing to be cheering for frankly, because everyone gets hurt. It really depends on how you hold out relative to everyone else. I suspect you have a lot of young folks here that never really been through one to understand..

Hope folks here have saved up enough “F U money”.

[Coronita]

bsrsharma – Actually I beg to differ. All of the fat is already being trimmed in the industries you mentioned. In fact by the time the recession hits, those industries will be close to 100% shaken out as they have already been shedding jobs the past 18 months. Think about a general slowdown all around. As companies contract R/D slows down, production slows down, funding for new projects gets put on hold. Retail sectors slow down… I can go on and on. I am not debating whether a recession is good or bad for an economy. However vulnerability to many more professions is alot more prevalent then you have indicated. I would gather that many posters here have not been through a full blown recession. SD Realtor

 

Exactly. My parents, my sis, and I have all been through the 80ies, 90ies, and the dot bombs. It's no fun, and we did end up doing better than most folks, but like I said, it's nothing to be cheering for frankly, because everyone gets hurt. It really depends on how you hold out relative to everyone else. I suspect you have a lot of young folks here that never really been through one to understand..

Hope folks here have saved up enough “F U money”.

[NotCranky]

FLU
Since when do you have to have a million(or 3) liquid or otherwise to be o.k. before during or after a recession or even a depression? Sounds like a desperate way to live and look at things in my book.

I know that I am in a positon to help others ,no matter what comes down. I know others are in my corner too. That will do it.

[NotCranky]

FLU
Since when do you have to have a million(or 3) liquid or otherwise to be o.k. before during or after a recession or even a depression? Sounds like a desperate way to live and look at things in my book.

I know that I am in a positon to help others ,no matter what comes down. I know others are in my corner too. That will do it.

[NotCranky]

FLU
Since when do you have to have a million(or 3) liquid or otherwise to be o.k. before during or after a recession or even a depression? Sounds like a desperate way to live and look at things in my book.

I know that I am in a positon to help others ,no matter what comes down. I know others are in my corner too. That will do it.

[bsrsharma]

I don’t think anyone wishes for recessions. That is like wishing for hurricanes or earthquakes. But a hurricane is needed to equalize heat energy distribution in air & water (it is one giant convection current) and an earthquake is needed to relieve the tectonic stresses. Without the coming recession, there is no easy way to steer all the resources from home building activities to more productive use of capital. It is an economic equivalent of a hurricane or earthquake that redistributes capital to more efficient activities. Obviously, its intensity depends on the degree of imbalance (of capital distribution) in the system. In this case, that was very large – of the order of trillions of $ – the “convection currents” will be correspondingly large.

[bsrsharma]

I don’t think anyone wishes for recessions. That is like wishing for hurricanes or earthquakes. But a hurricane is needed to equalize heat energy distribution in air & water (it is one giant convection current) and an earthquake is needed to relieve the tectonic stresses. Without the coming recession, there is no easy way to steer all the resources from home building activities to more productive use of capital. It is an economic equivalent of a hurricane or earthquake that redistributes capital to more efficient activities. Obviously, its intensity depends on the degree of imbalance (of capital distribution) in the system. In this case, that was very large – of the order of trillions of $ – the “convection currents” will be correspondingly large.

[bsrsharma]

I don’t think anyone wishes for recessions. That is like wishing for hurricanes or earthquakes. But a hurricane is needed to equalize heat energy distribution in air & water (it is one giant convection current) and an earthquake is needed to relieve the tectonic stresses. Without the coming recession, there is no easy way to steer all the resources from home building activities to more productive use of capital. It is an economic equivalent of a hurricane or earthquake that redistributes capital to more efficient activities. Obviously, its intensity depends on the degree of imbalance (of capital distribution) in the system. In this case, that was very large – of the order of trillions of $ – the “convection currents” will be correspondingly large.

[bob007]

i think usa needs a recession similar to the one in the late 1980s. that is the only way to stop inflationary spiral and dollar devaluation which is even worse.

[bob007]

i think usa needs a recession similar to the one in the late 1980s. that is the only way to stop inflationary spiral and dollar devaluation which is even worse.

[bob007]

i think usa needs a recession similar to the one in the late 1980s. that is the only way to stop inflationary spiral and dollar devaluation which is even worse.

[lendingbubblecontinues]

all I have to say on this topic is F U

[lendingbubblecontinues]

all I have to say on this topic is F U

[lendingbubblecontinues]

all I have to say on this topic is F U

[bob007]

denial is the easiest way to dodge the problem

[Author]

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