“The Worst Is Yet to Come”: If You’re Not Petrified, You’re Not Paying Attention”

[Rt.66]

davelj
It’s not my statement but hows a bout we change it to:

In many/most cases, either way unprecedented, many forms of debt can no longer be sold as an asset for more than a fraction of the previous determined value of said asset, to the extent that the event is historical?

Happy?

You are not saying anything everyone here does not already know, people have a filter that enables them to look at a statement and perceive the most logical intent of the statement maker. In this case I don’t think so many people see it the way you do.

Sd Realtor.
Well said. Believe it or not I don’t disagree with you so much. I’m in between the “defensible land” and “things will be fine” folks, leaning toward things will be worse than 80% of the population can imagine today. But I look at Japan and in most people’s eyes that’s a 20 year complete train wreck, but not Mad Max by any means either.

Temecula being the exception. It’s gonna be the Detroit of CA and is already showing signs. I am already afraid to walk around the new mall without escort (plus it smells funny). New homes are bulldozed, entire new condo complexes are now weed farms with nasty broken chain link gates blocking entry. Schools are closing and MS13 is looking into making an offer to occupy and open a strip club. Beautiful Orange groves are now mowed down stumps or paved over abandoned dreams of more stucco palaces, eerie, surreal places with streets, yards plotted and two foot high block walls, ghostly empty.

RE I think will be the biggest shocker to JSP psyche. And you are right, gloomer news is much easier to find and post about.

[Allan from Fallbrook]

SDR: I agree with some of what you said, but would definitely disagree regarding China. China is not nearly the economic powerhouse that they are made out to be. If you were to catalog the various issues confronting China, ranging from mass unemployment, serious health problems (AIDs, SARS), lack of natural resources (esp. energy resources) and a growing discontent and disconnect between the entitled classes (either politically or financially entitled) and the peasantry, then you would see that China is not nearly as well positioned as they represent.

In spite of how badly the US is shooting itself in the foot, the fact remains that the other significant players out there, including the Euro zone and China, are actually doing worse or are more poorly positioned to muscle their way out of this. Wait until one of the major Eastern European countries pulls an “Argentina”, or Russia decides to turn off the energy spigot to Western Europe and then you’ll see things get really dicey.

Same thing with China. The US is China’s largest market, but we’re not buying their products like we were previously. They’re trying to stimulate consumer demand within China, but Chinese consumers don’t buy like Americans do and are probably one or two generations from becoming “trained” consumers like we are.

Not to sound nationalistic, but America is still America and as stupid as we can be, we generally find a way to “Forrest Gump” our way back out.

[Allan from Fallbrook]

SDR: I agree with some of what you said, but would definitely disagree regarding China. China is not nearly the economic powerhouse that they are made out to be. If you were to catalog the various issues confronting China, ranging from mass unemployment, serious health problems (AIDs, SARS), lack of natural resources (esp. energy resources) and a growing discontent and disconnect between the entitled classes (either politically or financially entitled) and the peasantry, then you would see that China is not nearly as well positioned as they represent.

In spite of how badly the US is shooting itself in the foot, the fact remains that the other significant players out there, including the Euro zone and China, are actually doing worse or are more poorly positioned to muscle their way out of this. Wait until one of the major Eastern European countries pulls an “Argentina”, or Russia decides to turn off the energy spigot to Western Europe and then you’ll see things get really dicey.

Same thing with China. The US is China’s largest market, but we’re not buying their products like we were previously. They’re trying to stimulate consumer demand within China, but Chinese consumers don’t buy like Americans do and are probably one or two generations from becoming “trained” consumers like we are.

Not to sound nationalistic, but America is still America and as stupid as we can be, we generally find a way to “Forrest Gump” our way back out.

[Allan from Fallbrook]

SDR: I agree with some of what you said, but would definitely disagree regarding China. China is not nearly the economic powerhouse that they are made out to be. If you were to catalog the various issues confronting China, ranging from mass unemployment, serious health problems (AIDs, SARS), lack of natural resources (esp. energy resources) and a growing discontent and disconnect between the entitled classes (either politically or financially entitled) and the peasantry, then you would see that China is not nearly as well positioned as they represent.

In spite of how badly the US is shooting itself in the foot, the fact remains that the other significant players out there, including the Euro zone and China, are actually doing worse or are more poorly positioned to muscle their way out of this. Wait until one of the major Eastern European countries pulls an “Argentina”, or Russia decides to turn off the energy spigot to Western Europe and then you’ll see things get really dicey.

Same thing with China. The US is China’s largest market, but we’re not buying their products like we were previously. They’re trying to stimulate consumer demand within China, but Chinese consumers don’t buy like Americans do and are probably one or two generations from becoming “trained” consumers like we are.

Not to sound nationalistic, but America is still America and as stupid as we can be, we generally find a way to “Forrest Gump” our way back out.

[Allan from Fallbrook]

SDR: I agree with some of what you said, but would definitely disagree regarding China. China is not nearly the economic powerhouse that they are made out to be. If you were to catalog the various issues confronting China, ranging from mass unemployment, serious health problems (AIDs, SARS), lack of natural resources (esp. energy resources) and a growing discontent and disconnect between the entitled classes (either politically or financially entitled) and the peasantry, then you would see that China is not nearly as well positioned as they represent.

In spite of how badly the US is shooting itself in the foot, the fact remains that the other significant players out there, including the Euro zone and China, are actually doing worse or are more poorly positioned to muscle their way out of this. Wait until one of the major Eastern European countries pulls an “Argentina”, or Russia decides to turn off the energy spigot to Western Europe and then you’ll see things get really dicey.

Same thing with China. The US is China’s largest market, but we’re not buying their products like we were previously. They’re trying to stimulate consumer demand within China, but Chinese consumers don’t buy like Americans do and are probably one or two generations from becoming “trained” consumers like we are.

Not to sound nationalistic, but America is still America and as stupid as we can be, we generally find a way to “Forrest Gump” our way back out.

[Allan from Fallbrook]

SDR: I agree with some of what you said, but would definitely disagree regarding China. China is not nearly the economic powerhouse that they are made out to be. If you were to catalog the various issues confronting China, ranging from mass unemployment, serious health problems (AIDs, SARS), lack of natural resources (esp. energy resources) and a growing discontent and disconnect between the entitled classes (either politically or financially entitled) and the peasantry, then you would see that China is not nearly as well positioned as they represent.

In spite of how badly the US is shooting itself in the foot, the fact remains that the other significant players out there, including the Euro zone and China, are actually doing worse or are more poorly positioned to muscle their way out of this. Wait until one of the major Eastern European countries pulls an “Argentina”, or Russia decides to turn off the energy spigot to Western Europe and then you’ll see things get really dicey.

Same thing with China. The US is China’s largest market, but we’re not buying their products like we were previously. They’re trying to stimulate consumer demand within China, but Chinese consumers don’t buy like Americans do and are probably one or two generations from becoming “trained” consumers like we are.

Not to sound nationalistic, but America is still America and as stupid as we can be, we generally find a way to “Forrest Gump” our way back out.

[Rt.66]

Forrest Gump” our way back out. LOL!

My momma always said, Life is like a box of Mortgage Backed Securities…you never know if you’ll get paid back!

[Rt.66]

Forrest Gump” our way back out. LOL!

My momma always said, Life is like a box of Mortgage Backed Securities…you never know if you’ll get paid back!

[Rt.66]

Forrest Gump” our way back out. LOL!

My momma always said, Life is like a box of Mortgage Backed Securities…you never know if you’ll get paid back!

[Rt.66]

Forrest Gump” our way back out. LOL!

My momma always said, Life is like a box of Mortgage Backed Securities…you never know if you’ll get paid back!

[Rt.66]

Forrest Gump” our way back out. LOL!

My momma always said, Life is like a box of Mortgage Backed Securities…you never know if you’ll get paid back!

[Allan from Fallbrook]

[quote=Rt.66]Forrest Gump” our way back out. LOL!

My momma always said, Life is like a box of Mortgage Backed Securities…you never know if you’ll get paid back!
[/quote]

Scarlet: Glad you enjoyed that one. I coach football and I use that expression with some of my players (generally the ones that like to turn their brains off during games).

[Allan from Fallbrook]

[quote=Rt.66]Forrest Gump” our way back out. LOL!

My momma always said, Life is like a box of Mortgage Backed Securities…you never know if you’ll get paid back!
[/quote]

Scarlet: Glad you enjoyed that one. I coach football and I use that expression with some of my players (generally the ones that like to turn their brains off during games).

[Allan from Fallbrook]

[quote=Rt.66]Forrest Gump” our way back out. LOL!

My momma always said, Life is like a box of Mortgage Backed Securities…you never know if you’ll get paid back!
[/quote]

Scarlet: Glad you enjoyed that one. I coach football and I use that expression with some of my players (generally the ones that like to turn their brains off during games).

[Allan from Fallbrook]

[quote=Rt.66]Forrest Gump” our way back out. LOL!

My momma always said, Life is like a box of Mortgage Backed Securities…you never know if you’ll get paid back!
[/quote]

Scarlet: Glad you enjoyed that one. I coach football and I use that expression with some of my players (generally the ones that like to turn their brains off during games).

[Author]

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