We Are Not Headed for a Great Depression, page 3
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ATS Members have flagged this thread 8 times


reply posted on 9-10-2008 @ 10:23 PM by ThatsJustWeird
reply to post by Ahabstar

Good info...

But...I have no idea what that has to do with my post

Memysabu:
Ive got news for you, it takes time to get there. With every passing day everything everyone said against the crash of the US economy goes right out the window.

This is not the first time the world has had to deal with major crashes, even depressions. Just a few years ago we saw a worldwide recession. One thing is constant, they never last forever.

Unless of course you have vital info that suggest this one will last forever. If that's the case, please share!

We are almost below 8k now on the DOW? Global markets are crashing? Silent bank runs are happening?

This means...what exactly?
Things are bad?
NO ONE anywhere said they weren't. Just comparing it to the Great Depression right now? You can't even compare it to other recessions yet, let alone depressions.

You couldnt be more wrong, you are just an optomist. With to much to lose. You probably made bad decisions and staked a claim in a failing economy. Youll have to face the facts very very soon. Weeks or months. Its all the same.


Nope. Not at all.


reply posted on 9-10-2008 @ 10:32 PM by Rockpuck
reply to post by tide88


Well .. Fox news said we are all find.. guess it's ok then!

Since they give us credible news on everything else...


Fox -- political debate commentary ..
MSNBC -- political debate commentary --
CNN -- political debate commentary --
CNBC -- Demanding who the hell we can trust because everyone in the Government, banks, fed, FAILED.

Damnit people, pull your heads from your rear ends and WAKE THE HELL UP..


reply posted on 9-10-2008 @ 10:50 PM by Ahabstar
reply to post by ThatsJustWeird


That the potential is there for it to be far worse than the Great Depression. The factors coming into the mess carry a bit more weight. Where we have the advantage is that we have broader communications. We can look and see the reactions on the Asian and European Markets before the NYSE opens. That is a somewhat mixed blessing. The fact that more people are aware what happens when a panic causes a bank run is a benefit.

Yeah Ike was a small hit to food supply, but nothing like the years of the drought that brought about the Dust Bowl. But then again, we are more dependent on the remaining farms than we were in 1930.

My take is that if it happens, we will do what we did then. Tough it out and our economy base will change.

Of course a more flippant comparison would be noting that prior to the Great Depression that the was prohibition of alcohol and high interest in Jazz. Today cigarettes are all but criminal and many kids are into Rap.

[edit on 9-10-2008 by Ahabstar]


reply posted on 10-10-2008 @ 12:49 AM by TXMACHINEGUNDLR
reply to post by CapsFan8


All news is crap. All of it. Read the WSJ and the Onion. That is all you really need.


reply posted on 10-10-2008 @ 07:43 AM by theodorej
Originally posted by Mainer


We can be confident, I always answered, that there will not be another Great Depression because policymakers have read financial histories like mine. At least that was my line until recently. Now I have stopped taking reporters' calls.

- CNN.com


Sounds like the worm has turned for a lot of folks in the last 24 hours.

Greetings Sir......The great depression will be something we long for when you examine the gerth of this problem coupled with the fact that we are not the same people that weathered the great depression....
We are far more selfish and violent than they were...In addition there is a lot more intervention from outside sources who hate america and what it stands for....All we have to do is look who we have appointed as our leaders and ask your self, is this style of leadership what I stand for....Most americans do not know what they stand for and so they will fall for anything...


reply posted on 10-10-2008 @ 07:55 AM by tide88
Originally posted by Rockpuck
reply to post by tide88


Well .. Fox news said we are all find.. guess it's ok then!

Since they give us credible news on everything else...


Fox -- political debate commentary ..
MSNBC -- political debate commentary --
CNN -- political debate commentary --
CNBC -- Demanding who the hell we can trust because everyone in the Government, banks, fed, FAILED.

Damnit people, pull your heads from your rear ends and WAKE THE HELL UP..

Fine. Here is another article that talks about the same thing from The Wall Street Journal.We're not heading for a Depression You people and your anti fox news rhetoric crack me up. I agree they are politically tilted to the right, but to think they are just making stories up.. What is wrong with a little positive spin.. That is exactly what we need right now. We need to bring confidence back into world.
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