[TigerLikesRooster]

Ping!

[ex-Texan]

Those graphs are terrifying ! ‘Nuff said.

[hoosier hick]

Instead, in the uncertain world in which we live, the private sector necessarily speculates about the future–and some of those speculations will be wrong.

Most younger adults were not in a position to make this judgment correctly. In my own family, the 4 older of us were all adults for the 1982-83 recession, while our youngest was 13. The youngest became an adult and made decisions without the benefit of experiencing a "real recession." Without that experience, it can quickly become a disaster, as they don't see the downside possibilities. I suspect for many younger than 40 this recession/depression will leave a lasting impression, if not lasting damage...

hh

[Diana in Wisconsin]

“This is already becoming apparent in the data, as economic historians Barry Eichengreen and Kevin O’ Rourke point out in ‘A Tale of Two Depressions’“:

“To sum up, globally we are tracking or doing even worse than the Great Depression, whether the metric is industrial production, exports or equity valuations. Focusing on the US causes one to minimise this alarming fact. The “ Great Recession” label may turn out to be too optimistic. This is a Depression-sized event.”

But thank goodness we have a man in the White House and a complicit Media who will spare us from this kind of bad news!!

Green Shoots for everyone! *SMIRK*

I am so glad my cash is in gold and silver and real estate. I lived through the 80’s, and we truly ain’t seen nothin’ yet! 0bama is Carter on steroids.

Since we are a consumer-driven economy, and just about everyone I know is knuckling down and not spending a dime more than they have to, it’s going to be a very long recovery for us all. Personal savings will be up, people are tackling debt like never before, productivity will be steady, but I don’t see a lot of cash going back into expanding business or starting new businesses resulting in jobs. No jobs. No money. No spending. No stimulating the economy.

Lather, rinse, repeat for a few years...or a decade!

I hope I’m wrong.

[Professional Engineer]

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