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To: Toddsterpatriot

I knew that, actually think it started November 2007.


20 posted on 12/01/2008 9:53:44 AM PST by madison10
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To: madison10
I knew that, actually think it started November 2007.

I postulate that our current recession started in February of 2016, and will finally be over in 1998.

25 posted on 12/01/2008 9:57:13 AM PST by Lazamataz (Proud author of abstract semi-religious dogmatic hoooey with a decidedly fringe feel.)
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To: madison10

More of a crisis of confidence in the ‘New Direction’ starting Jan 2007.

The crisis of confidence really started when Charlie Rangel promoted his Mother of All Tax Hikes in August 2007. You knew this economy was going down the tubes when ‘Progressives’ promoted punishing the producers.
Investors played amongst the margins but when the ‘Enronization’ of the financial system was exposed and the culprits in DC colaborated in this disaster to leverage power, the real confidence evaporated. As in the last Great Depression, it’ll take about a generation before investors have faith in the system.

Capital is engaged in flight to safety.


36 posted on 12/01/2008 10:13:41 AM PST by griswold3
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To: madison10
I knew that, actually think it started November 2007.

I must be in the wrong lifetime, because things for me have only really hit their stride since about then, and seem to keep getting better.

41 posted on 12/01/2008 10:21:43 AM PST by Travis T. OJustice (Change is not a destination, just as hope is not a strategy.)
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