Posted on 06/17/2009 7:19:31 PM PDT by FromLori
The Great Depression Ahead:
It could be years. This is so depressing.
Interesting. Thanks for the links.
Thank you one day I will get it right and be able to post them “hopefully”.
That's whats so frustrating. My household and many of my friends and family are doing the right thing by deleveraging our personal debt as fast as we can, while Dear Leader is spending and printing money he doesn't have so fast to prop up bad debt that it seems like the one step forward two steps back economy.
The authors apparently take 0bama’s bad joke of a ‘stimulus’ package seriously. That is very depressing.
If we are lucky - we will have the Japanese version of the “lost decade”
In 1920-21, industrial production fell 33% in 18 months. That’s actually a steeper decline than the first 18 nonths of 1929-32.
http://findarticles.com/p/articles/mi_hb5814/is_n3_v29/ai_n28604039/
OUCH
Maybe the Mayan calendar is right...
How many different spin slogans does that make now. Tell them someone sprayed their green shoots with round up and green ink from the Fed's money presses..
A large part of my work involves dealing with small businesses. These are businesses that aren’t traded on a stock market, don’t have DC pols at their beck and call, and rarely make the news, but that also drive most of our economy.
The bad news: They’re dying in droves. Seas and messes of them. It’s BAD. And zero’s policies - or rather the justified fear of his stupid policies such as cap-and-tax, “pro-labor” (actually anit-business) policies, and expected big increases in taxation to pay for zero-care (these guys often fall into the “eeevvviiiillllll rich” category, but just on paper) - are pushing many of them right over the cliff.
People, we are in for a MUCH rougher ride than the idiotic press and “experts” could even dream...
2012 could be
Get on with the depression, it’s the only thing that can clean up the credit disaster!
Wipe out those living on credit and those that gave it to them!
Business’s started cancelling building projects I would say it was about six months before the election when it was looking like he would get in I know because my husbands firm had cancellations and projects put on hold that later cancellled and in his 36 years we have never seen commercial construction this bad.
Prepare for a depression!
My experience is the same. Small businesses are dying out here, much worse than what is being shown in the media.
So...we’re due for 25% unemployment instead of worthless currency?
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