Sugar Magnolia Posted September 18, 2008 Share Posted September 18, 2008 Are we on our way? Weigie? Quote Link to comment Share on other sites More sharing options...
wiegie Posted September 18, 2008 Share Posted September 18, 2008 Are we on our way? Weigie? I saw an economist get interviewed on television on Monday and he explicitly said that we were not headed towards another Great Depression. I trust him because he was very handsome. Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted September 18, 2008 Share Posted September 18, 2008 I saw an economist get interviewed on television on Monday and he explicitly said that we were not headed towards another Great Depression. I trust him because he was very handsome. how tall was he? Quote Link to comment Share on other sites More sharing options...
Retrograde assault Posted September 18, 2008 Share Posted September 18, 2008 Not much separating the economist and the weatherman. Both may be handsome and know it's raining, but neither really know when it will rain. Quote Link to comment Share on other sites More sharing options...
AtomicCEO Posted September 18, 2008 Share Posted September 18, 2008 As an economist, you're probably more likely to get national coverage if you say "The world is ending" than if you say "Reply hazy, try again". That silly economist missed his chance at a book publishing. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted September 18, 2008 Share Posted September 18, 2008 my old boss, whom i consider a very smart individual, has dropped the D word in recent weeks. it isnt looking good. Quote Link to comment Share on other sites More sharing options...
Double Agent Posted September 18, 2008 Share Posted September 18, 2008 my old boss, whom i consider a very smart individual, has dropped the D word in recent weeks. it isnt looking good. Is he handsome? Quote Link to comment Share on other sites More sharing options...
Rebellab Posted September 18, 2008 Share Posted September 18, 2008 I have no idea about the depression, but I have been reading some interesting things recently. The one that worries me most is there is one more credit bubble that needs to pop. Credit cards. According to articles and columns, people have not lowered their standard of living even with high gas prices and groceries. These are the same people that lived on the equity of their home to live this lifestyle. Now that the housing bubble has burst and homes are not worth as much, people are turning to the next easiest credit and that is credit cards. It is something to watch I think. Quote Link to comment Share on other sites More sharing options...
muck Posted September 18, 2008 Share Posted September 18, 2008 Credit cards are stil lto come. As are second mortgages that aren't getting the attention they deserve. As are people with second houses. Depression? Probably not. Fun times? Probably not. Hard work and hunkering down? Probably so. Quote Link to comment Share on other sites More sharing options...
Perchoutofwater Posted September 18, 2008 Share Posted September 18, 2008 Don't you usually have a recession before you have a depression? Quote Link to comment Share on other sites More sharing options...
muck Posted September 18, 2008 Share Posted September 18, 2008 Don't you usually have a recession before you have a depression? Generally. Or, at least that is my understanding. Quote Link to comment Share on other sites More sharing options...
Savage Beatings Posted September 18, 2008 Share Posted September 18, 2008 Don't you usually have a recession before you have a depression? I believe we have all decided to throw out those old definitions of Recession and Depression until after the election. Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted September 18, 2008 Share Posted September 18, 2008 OK everybody, just calm down now, everything is going to be fine. george bush is working hard. and while I do say that somewhat mockingly, hey, at least he IS working. Quote Link to comment Share on other sites More sharing options...
Chavez Posted September 18, 2008 Share Posted September 18, 2008 there is one more credit bubble that needs to pop. Credit cards. According to articles and columns, people have not lowered their standard of living even with high gas prices and groceries. These are the same people that lived on the equity of their home to live this lifestyle. Now that the housing bubble has burst and homes are not worth as much, people are turning to the next easiest credit and that is credit cards. It is something to watch I think. Does the gov't have enough money left to bail out the cc companies? Quote Link to comment Share on other sites More sharing options...
millerx Posted September 18, 2008 Share Posted September 18, 2008 Ya, but how much of this is the media's fault?? Quote Link to comment Share on other sites More sharing options...
budlitebrad Posted September 18, 2008 Share Posted September 18, 2008 Depression is the new buzzword, I guess. Quote Link to comment Share on other sites More sharing options...
isleseeya Posted September 18, 2008 Share Posted September 18, 2008 we will be fine ... more importantly WDIS this weekend , LJ or Pittman ? Quote Link to comment Share on other sites More sharing options...
budlitebrad Posted September 18, 2008 Share Posted September 18, 2008 WDIS this weekend , LJ or Pittman ? Speaking of people falling into a depression... Quote Link to comment Share on other sites More sharing options...
muck Posted September 18, 2008 Share Posted September 18, 2008 Does the gov't have enough money left to bail out the cc companies? No. If things go as I think they might, they are hosed and will not be bailed out, rescued or otherwise extended a lifeline by the gov't. The shareholders will (at best) be substantially diluted, and at worst, completely wiped out. Quote Link to comment Share on other sites More sharing options...
Big F'n Dave Posted September 18, 2008 Share Posted September 18, 2008 OK everybody, just calm down now, everything is going to be fine. george bush is working hard. and while I do say that somewhat mockingly, hey, at least he IS working. Dear God. Quote Link to comment Share on other sites More sharing options...
Perchoutofwater Posted September 18, 2008 Share Posted September 18, 2008 No. If things go as I think they might, they are hosed and will not be bailed out, rescued or otherwise extended a lifeline by the gov't. The shareholders will (at best) be substantially diluted, and at worst, completely wiped out. What do you thin the effect will be on the average American if the CC companies crash and burn? I can't imagine it would be all that bad. It might tighten up credit a little bit, but other than that, what are we looking at? Quote Link to comment Share on other sites More sharing options...
bushwacked Posted September 18, 2008 Share Posted September 18, 2008 Here is an integral step in avoiding another depression. Don't vote for the guy who is okay continuing the 10+ billion dollar a month Iraqi Welfare program for 100 years while cutting taxes. Time to pay up for Chimpy McCokespoon monkey's ill-thought policies of the last 8 years. Quote Link to comment Share on other sites More sharing options...
budlitebrad Posted September 18, 2008 Share Posted September 18, 2008 Here is an integral step in avoiding another depression. Don't vote for the guy who is okay continuing the 10+ billion dollar a month Iraqi Welfare program for 100 years while cutting taxes. Time to pay up for Chimpy McCokespoon monkey's ill-thought policies of the last 8 years. Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted September 18, 2008 Share Posted September 18, 2008 Here is an integral step in avoiding another depression. Don't vote for the guy blahblahblah I think you misunderstand. nobody gives a manure if you're depressed for another 8 years. Quote Link to comment Share on other sites More sharing options...
Jimmy Neutron Posted September 18, 2008 Share Posted September 18, 2008 It appears that not many people alive today appreciate just how bad the Great Depression was. People were not worried about their 401ks or how to get a loan on a new car with a credit score of 412. Lots of people like us went hungry on a regular basis and unemployment was over 30%. Quote Link to comment Share on other sites More sharing options...
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