The Greatest Depression Is Coming

Financial Sense ^ | 11 Mar 2003 | John Finger

[sourcery]

Winter comes. Denial is futile. You will be deflated.

[U S Army EOD]

Wellll, I guess we are just screwed.

[Auntie Mame]

I've never read so much BS in one article.

[Puppage]

It will be worse in many respects than the Great Depression of 1929-1939.

Thank you Chicken Little

[arete]

Looks like most are still in denial so I guess we have a long way to go yet.

Richard W.

[Consort]

No problem.

[CGASMIA68]

Any asset can turn abruptly, as we all know, so check with a financial advisor before investing in any of them.
© 2003 John Finger The Money Management Firm, Inc. finger@swisscomp.com

"Gee who should I call......?"

[KeyWest]

Agree. The basic underpinnings of the US economy has kept the swings of the economy fairly low and brought it back to earth when it went too high. After the tech bubble burst, under the old economy, it would have gone into deep depression, but it cannot. It is robust. This sounds like a lot of the buy gold crowd who have been consistently wrong. Or he is selling a book. Take a look at all the books that talk of the 'coming depression" of fill in the year. You get more than a few each decade.

[smith288]

My GAWD this is one of the worst "The sky is falling" articles I have seen in a while....

[american spirit]

It's only BS to those that don't understand reality. Don't know what indicators you focus on but if you think things are going swell you need to take one of those inflated pieces of fiat currency and go buy a clue.

[mlo]

© 2003 John Finger The Money Management Firm, Inc. finger@swisscomp.com

Remind me never to let this guy touch my money. He knows nothing about economics.

[kcar]

I am going to take a short in Prozac.

[Hildy]

I think there's some sense to this. Factor in inflated housing costs where people are buying overvalued homes at low interest rates. When the bubble bursts, and we know it will, what's going to happen then? I don't see anything good in this economy. If someone wants to set me straight...be my guest.

[snopercod]

As long as I have Viagra, I will never be deflated!

[rwfromkansas]

um...we took steps to ensure another Great Depression would not occur.

[caisson71]

Such a load of Road Apples!!

[Free2think]

Dennis Leary wrote a song about you...
Your the guy in florida walking around in the summer saying "hey how bought this heat"

[Cyber Liberty]

Falling skies are a real bitch.

[BossLady]

The one thing he left out was that PLANET X/Nibiru is coming close to earth in May causing a pole shift on the entire planet.....talk about Depression!!! /sarcasm

[JNB]

While I do not agree with all of the editorials conclusion, I am more in the camp that thinks the 00s will in many ways resemble the 70s in terms of the economy, though a bit worse and painful than the 70s was, you have to understand what has kep the economy afloat in the last 2 years.

It is not high tech, it is not productivity(BLS numbers are trash anyways). It is artificlaly low rates that have enabled people to re-fi their homes and the auto makers to sell cars at 0% rates. Now the automakers are starting to choke, and the last string holding up the economy is housing. Yes rates are low, but how much more can the economy sustain with the job losses?