Reason 1 in the past 10 wages for the top 3% has gone up close to 20% while the other 97% wages have gone stagnant. I feel thats off because the people on capital hill have voted for wage increases 7 times since then. Voted for one minimum wage increase. Hmmm.

Reason 2 energy prices have soared over the past 10 years. Gas, Oil, Natural Gas, Electricity...and so on and so forth. I think it was 10 years ago i was paying .89 a gallon for gas now Im at 3.25.....its odd cause yet without this minimum wage increase people would have to work an hour just to pay one gallon of gas.

Reason 3 the dollar is tanking and it is only going to get worse. Especially now that China (Our great friend in the east..NOT!!) has come out and said they will be dumping our currency...we all knew this was coming. I dont think I need to explain what a weak dollar does as far as the negatives if you need me to let me know...but I will say on the flip side it does help exports but overall a weak dollar is not good for the economy.

Reason 4 Food and housing prices have soared Im not going to go into to much details on this but hopefully with this crappy housing situation we are in now we will see some nice corrections on the housing prices.

Reason 5 alot of our industry jobs are being sent over to china and alot of our customer service jobs are being sent over to India. This causes alot of good paying jobs to go somewhere else. Most of the big corporations do this I dont need to list names but Im sure if you have looked on a toybox you will see where it is made or if you have called for customer service you have got John Smith with an Indian accent.

Reason 6 The credit crunch is for real. I just filed for a line of credit for my business we are opening another location and was denied. I have a credit score of close to 800 and very little debt so if they arent approving me who the hell are they approving for loans and loans are what small businesses need to grow.

The Federal government, and more importantly the Federal Reserve cannot exactly fake numbers.. but they CAN and HAVE held the stock markets propped up with buy out systems, stocks drop, Fed picks them up so as the market is not shocked. The other aspect of this is in the past 8 years after the dot com bust and 9/11 interest rates where so obscenely low that banks and loaners over used and over loaned. All of this has lead to a high inflation .. and while the Federal Reserve would indicate that inflation is "lower then average" taking into account that the US Dollar has dropped almost 25% since 2001 alone should speak volumes. So while they cannot exactly fake numbers, they can manipulate it easily, and they do.

Realists who see this, get Zero credit when they are right, and for warning people they get yelled at for calling this to attention ahead of time. (i.e you said this last month). Some can see the big picture and the "next phase coming" but they CAN'T predict how LONG the Spin and knowingly reckless attempts to prop the markets will last! Call them doom and gloomers, call them conspiracy theorists, call them what ever you like, because human nature lets this help you DISMISS them and sleep better.

not only will wall street Banks crumble but the stock markets will nose dive big time again. Hose prices will lose another 25% Businesses will close,layoffs in the magnitude never seen in America will happen and there is no bailout possible
the truth is that America is headed for deep recession at the minimum and depression is more likely than a recession.

6/26/2008 Myself, I actually lost this debate.

You will see, dire times are ahead of us. We may of thought us witty and genius for avoiding large scale political and economical confrontation, but in fact they are tied together and in reality, we only put off the inevitable, building the pressure in the hope the constituents would be complacent, max out their credit cards, and generate enough wealth to keep us afloat if by an inch..

Through paramount debts, maxing the working American's budget paying off debts and interest, servitude of a modern era, we will detail how a society driven on consumerism is about to exhaust it's only method of continue and perpetual growth.

I do know one thing, and that's when in times like this the Federal Reserve fire sells a multi billion dollar financial institution wiping billions in low risk investments off the book all in the hopes to calm the storm.. we are witnessing the desperate actions of an ancient beast. Our situation is unique, I know not where we will end up .. but if I follow my instinct and research the fraudulent policies of the Federal Government, and if I read my histories.. I can safely say that we are in store for economic hardships not seen for decades, perhaps not since 1929. Remember American's, you are not invincible, God's hands do not shield you from the World.. this is a Globalist economy, one of which has never failed.. yet.. America has intertwined it's fate entirely with the outside World. All the signs point towards recession, and subtle signs within the signs point to complete and utter catastrophe.. I have shown you the numbers are wrong, they lie, the Federal Government works to deceit at the peril of it's own people..

The United States is not in a recession, face reality. Read actual economic literature, and learn the definition of a recession.

Their is a distinct threat that the belief of a further detiorioration in our banks will call for a large gov't orchestrated bailout (fed can't help with solvency issues) , this belief in the further devaluation of our currency COMBINED with the rising level of confidence that the U.S consumer will 1/ not be extended the credit they need to finance their spending (thanks to the low amount of capital the banks have, as well as equity consumers have in their homes) 2. change in consumer psychology as they endure rising costs of living as well falling home equity and expectations of a slow down (although bubble vision is doing a great job w/ perception management) . 3. rising unemployment as well as under employment and out of work people's this lowers consumer spending and is self-enforcing.

The root of it all is our monetary system. That is what has to be fixed. Our whole system is based on debt. Debt enslaves man. We need to get off the federal reserve system and get back to gold and silver backed money and the government not a bank needs to issue the money. Every dime of our tax dollar goes to interest on money weve borrowed for our crazy spending which leads to my second point spending. We spend like mad because all we have to do is print the money. If we had to back it up we would be less likely to spend. Our monetary system when you fully understand it is the root of most of our problems.

The economy will progressively get worse. Stimulus money or not, the billions wasted on it have been dispersed already and did nothing to help the economy (except walmart). Major corporations are already implementing and preparing contingency plans in the case of continued weakening consumer confidence. The Housing market will continue it's decline. People's equity will begin to vanish before their eyes, and as their equity vanishes, so does their perception of self worth/wealth and thus, further weakening of consumer confidence.

Roll out, doom and gloom prophets! Send the sheeple scattering for the hills! I'm counting on you guys, you can do it! The fear mongering by Monday is going to be high enough to make quite a bit. RUN SHEEP! RUN! THE END IS NIGH!

Overall, this is a blip compared to the 1970s or some of the other economic down turns.

Really. You have just proved that it is the media's job to attempt to get people as scared as possible. Good news does not make the news. Taking isolated, one case scenarios and blowing it up to make it look like a wide spread event is the primary tactic employed by the media to make things look bad. They will interview 100 people looking for someone to say how horrible life is, and ignore the 99 who have no problems and do a 2 hour special on the one person who gives them a sob story.

Its actually quite unusual for the stock market to react negatively the day after an election - usually there is some sort of "post-election rally" regardless of who wins because the election of a new president resolves uncertainty, and markets dislike uncertainty. The market has gone up on days before with worse economic data, so this is seems to be a clear message that investors are concerned about the next 4 years.

Once again, you assume that things will continue to slide when my examples from 1973, 1980, 1984, 1991 and 2000 prove otherwise. These examples show that growth did not continue to slide, just as growth will not continue to slide now. In fact, most economists agree that we will begin to see significant growth in the middle of 2009, and this minor recession will be a thing of the past. It, however, certainly does not indicated that the US is headed towards a GREAT depression any time soon.

We are not in a recession. The most recent data for the 2nd quarter show the U.S. economy on pace for a 3.3% growth rate. A recession is defined as TWO consecutive quarters of negative growth. We have not even had ONE quarter of negative growth.

Seriously, for a site whose motto is "Deny Ignorance" it is truly amazing to see the level of ignorance being displayed at times.

The Democratic Party takes all of the blame for liberal lies, they are Godless and treasoness. I watched Obama's acceptance speech, and he offered free kittens to all American's. He said the kittens never age and never poop and that every American would have one. Then these "raise the roof" people came out with kitten canons and started throwing them out to his fans. Irresponsible. And just more liberal lies. Kittens do poop, as they do age.

# CEO --Chief Embezzlement Officer.

# CFO-- Corporate Fraud Officer. # BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.

# BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.

# VALUE INVESTING -- The art of buying low and selling lower.

# P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.

# BROKER -- What my broker has made me.

# STANDARD & POOR -- Your life in a nutshell.

# STOCK ANALYST -- Idiot who just downgraded your stock.

# STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.

# FINANCIAL PLANNER -- A guy whose phone has been disconnected.

# MARKET CORRECTION -- The day after you buy stocks.

# CASH FLOW-- The movement your money makes as it disappears down the toilet.

# YAHOO -- What you yell after selling it to some poor sucker for $240 per share.

# WINDOWS -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.

# INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.

# PROFIT -- An archaic word no longer in use

Originally posted by Rockpuck
reply to post by mybigunit

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LOL I know, I just quoted some from Jaime.

Anyone notice ATS'ers predictions more accurate then multi millionaire fund managers on CNN? Wonder if I can put it on a resume... =).

One area we did miss was the dollar's rebound

Originally posted by projectvxn
reply to post by cpdaman

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One area we did miss was the dollar's rebound

No you didn't, you just didn't see at the time how the dollar will be devalued. I don't think anyone has considered why the gold market is being manipulated the way it is.

The Death of the Dollar

Originally posted by projectvxn
reply to post by cpdaman

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One area we did miss was the dollar's rebound

No you didn't, you just didn't see at the time how the dollar will be devalued. I don't think anyone has considered why the gold market is being manipulated the way it is.

The Death of the Dollar