Econcomic meltdown in America

[Dawoofdaddy]

Merely a matter of when and how bad things get and long it takes to put it back together...the if has already been determined.

Humpty Dumpty is off the wall and all the kings horses and men have their work cut out for themselves putting him back together this time.

People that laughed about Ron Pauls ideas wont be laughing much longer.

:smokesmal

 

[mr merlin]

Re: Econcomic meltdown in America

We haven't even had one quarter yet of negative growth. Study a little economic history and maybe you'll stop panicking so easy.

 

[gopherbob]

Re: Econcomic meltdown in America

mr dawoof:
what do you think are the most important issues on the road to economic recovery ?

 

[Dawoofdaddy]

Re: Econcomic meltdown in America

why dont you study the methods they use to measure this "growth" you are posting about?

while your at it, factor in the real inflation rate and maybe you wont be quite as optimistic.

gopher, these dead companies have to be washed out with the tide.

also, the us has to take away some of the free lunches its been giving citizens along with corporations for decades.

only way that happens is a return to using a gold backed currency.

probably doesnt happen until after a complete meltdown and people are wondering how it happened and what could repair the damage.

 

[the glue]

Re: Econcomic meltdown in America

Most people think he is just a crazy old man,what a shame...30 yrs. from now or maybe before that, young people will be saying what the fuck was wrong with you people 4 not picking that Ron Paul guy....:hangt 2348ji23e

 

[mr merlin]

Re: Econcomic meltdown in America

why dont you study the methods they use to measure this "growth" you are posting about?

while your at it, factor in the real inflation rate and maybe you wont be quite as optimistic.

gopher, these dead companies have to be washed out with the tide.

also, the us has to take away some of the free lunches its been giving citizens along with corporations for decades.

only way that happens is a return to using a gold backed currency.

probably doesnt happen until after a complete meltdown and people are wondering how it happened and what could repair the damage.

So now the statistics are false? perhaps a conspiracy? The economy is a little sluggish. We are far, far from a "meltdown" - not to mention that Ron Paul is completely and totally irrelevant to our nations economy and its performance.

 

[the glue]

Re: Econcomic meltdown in America

No your right merlin...I'll go back to sleep sorry....

 

[Dawoofdaddy]

Re: Econcomic meltdown in America

Most people think he is just a crazy old man,what a shame...30 yrs. from now or maybe before that, young people will be saying what the fuck was wrong with you people 4 not picking that Ron Paul guy....

30 years from now, people will look back and wonder why so many people didnt see this obvious meltdown along the horizon.

after the meltdown things will recover and eventually be fine again, but fortunes will be lost by those that havent prepared.

this movie has been seen before.

op:

 

[The Seer]

Re: Economic meltdown in America

Re: Economic meltdown in America

In 1998 a book was written The Roaring 2000's by Harry S. Dent JR. It foretold that 2008 would be the Baby Boomers will have their biggest spending year. Not earning year, spending. It is spending that drives the economy. He predicted a stock market top this year and also that there would be difficulty selling the bigger homes.

He was right predicting that the summer of 1998 would see a small downturn in interest rates. He did not foresee 9/11 nor $140 crude.
We will see...

In 1968 the Waccos were predicting massive food prices in 30 years due to over population. 30 years later soybeans were selling for $4.75/ bu.

 

[gopherbob]

Re: Econcomic meltdown in America

why dont you study the methods they use to measure this "growth" you are posting about?

while your at it, factor in the real inflation rate and maybe you wont be quite as optimistic.

gopher, these dead companies have to be washed out with the tide.

also, the us has to take away some of the free lunches its been giving citizens along with corporations for decades.

only way that happens is a return to using a gold backed currency.

probably doesnt happen until after a complete meltdown and people are wondering how it happened and what could repair the damage.

you were one of those across the street that know alot more than me in the economic arena (i only took marco and micro in the mid 70's) and i trust your opinion. if i took your advice about gold a few years ago, i'd be a wealthy man today.
what is your opinion about taxes and the hugh defiecit that we're running ?

 

[mr merlin]

Re: Economic meltdown in America

Re: Economic meltdown in America

In 1998 a book was written The Roaring 2000's by Harry S. Dent JR. It foretold that 2008 would be the Baby Boomers will have their biggest spending year. Not earning year, spending. It is spending that drives the economy. He predicted a stock market top this year and also that there would be difficulty selling the bigger homes.

He was right predicting that the summer of 1998 would see a small downturn in interest rates. He did not foresee 9/11 nor $140 crude.
We will see...

In 1968 the Waccos were predicting massive food prices in 30 years due to over population. 30 years later soybeans were selling for $4.75/ bu.

Too bad this isnt going to be the biggest spending year nor will it be a market top(far from it). looks like his predictions are pretty far off.

 

[The Seer]

Re: Economic meltdown in America

Re: Economic meltdown in America

biggest spending year

He said "the baby boomers biggest spending year." What matters to the market is the GDP, not only the Boomers. I am also an Econ 101 & 102 man with another course on Money and banking.

looks like his predictions are pretty far off.

And then some. He saw the stock market continuing up in the arc it had 1994-1998 as continuing 'til today. He predicted DOW 21,000 minimum to 35,000 max by now. That could only happen if a person could open Internet websites ad infinitum.