posted on Dec, 18 2007 @ 06:00 PM
reply to post by mybigunit
Please, if you are going to tell me do research whatever you do don't then cite wikipedia articles. It only makes your perspective look even less
Read the following peer reviewed academic articles:
On the Great Depression:
Calomiris, C.W. & J.R. Mason. (1997). Contagion and Bank Failures During the Great Depression: The June 1932 Chicago Banking Panic. The American
Economic Review, 87(5): 863-883.
On US Recession Forecasting:
Hamilton, J.D. (1989). A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle. Econometrica, 57(2): 357-384.
You can of course say that we are sitting in a recession, but what proof do you have? You cant rely on government numbers because you claim they are
all made up. How exactly is it you can tell when we are in a economic recession without data? There are numerous quantitative tools used to predict
recessions with great accuracy, and those tools have thus far pointed toward an oncoming minor recession in lock step with past economic cycles.
You still have not shown how the government is making up numbers, nor provided justification for doing so. If the government wanted to stop panic why
did they allow the depression to happen by publishing "real" numbers? Why has the government continued to post numbers that are not completely
positive? After all, what good is stopping panic with fake numbers when once everyone finds out you cause a complete economic collapse? How is the
government keeping all of this under wraps, doing something not in its best long term taxing interest, while keeping tens of thousands of government
employees shut up?
Many investors are simply emotional and let their emotions dictate what they do, so they sell low and buy high. As the Baron Rothschild has said,
"buy when there is blood in the street." The "smart money" loves recessions as the average investor panics and sells as all the stocks go on sale
at fire sale prices.