[Mase]

Blah, blah, blah......

If you preach doom long enough eventually the doom will occur, even if it comes as something less than the doomers envisioned. Maybe you don't remember the mid 70's or the recession of '80-82. I do. Maybe you've haven't read much about the great depression. I have. Either way, let me know when the rate of unemployment hits 25%, the soup lines form and the streets are filled with former executives selling pencils and apples for a nickle.

Until that time, please climb back into your bunker, confirm you have two year's supply of food and spare me the comparisons that aren't analogous in any way.

[RobRoy]

>>If you preach doom long enough eventually the doom will occur, even if it comes as something less than the doomers envisioned. <<

Firmly agree. But when a stopped clock is right,it is nice when people acknowledge it.

I also read an interesting article two months ago that said that if we calculated unemployment the way they did during the depression, it would be (two months ago) about 15%.

This one will play out differently. Instead of executivew selling pencils it will be more like germany - executives with picks and shovels building the autobahn.

I remember the mid-1970’s recession. I graduated from high school in 1972. This is FAR WORSE, but hasn’t fully played out yeat. It is like comparing an accute auto accident to a slow rumbling earthquake that is about to reach 9. We’re not there yet.

FWIW, my doom and gloom predicting did not begin until late 2005.

[RobRoy]

FWIW, the soup lines didn’t hit in 1929. We are just about to hit the soup line phase, but even then, it won’t play out that way this time. The hurting will be real, but more private.

[RobRoy]

>>Maybe you’ve haven’t read much about the great depression. I have. Either way, let me know when the rate of unemployment hits 25%, the soup lines form and the streets are filled with former executives selling pencils and apples for a nickle.

Until that time, please climb back into your bunker, confirm you have two year’s supply of food and spare me the comparisons that aren’t analogous in any way.<<

Have fun with this:

http://seekingalpha.com/article/107556-valuations-today-more-pessimistic-than-during-the-great-depression?source=email