The next wave of the depression (35)
Do you ever have any good and positive prophecies?
Stop thinking you have things figured out you fear spreader monster.
And put on a hat...
Stop thinking you have things figured out you fear spreader monster.
And put on a hat...
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When you have the Government, big business and many average citizens over extended on credit something has to give.
Interesting that much of the borrowed money in all three cases was wasted.
More interesting is the number of people that believe the solution is borrowing even more money. "If you're already in a hole, quit digging."
Interesting that much of the borrowed money in all three cases was wasted.
More interesting is the number of people that believe the solution is borrowing even more money. "If you're already in a hole, quit digging."
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well i don't live in the USA. even through i work for an American company, i have pretty good health insurance. but at one time i had know insurance at all. the insurance companies are making a bunch of money. this health care is for the poor. show some compassion.
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ukrainegary48: well i don't live in the USA. even through i work for an American company, i have pretty good health insurance. but at one time i had know insurance at all. the insurance companies are making a bunch of money. this health care is for the poor. show some compassion.
Health care is expensive in the US because it has been a free for all on gouging the end consumer (patient) for decades. Were most other businesses given such free reign to rip off the public. UNLESS, they also contributed great amount to candidates in both parties.
That is not going to change no matter what dog and pony show comes of so called health care reform. No one in the Democratic or Republican party is going to shoot the tires out of the lunch wagon.
The two parties are an illusion. They are nothing but two sides of the same coin.
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well since the republicans have know power. there is nothing they can do to stop it but whine.
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StressFree: Do you ever have any good and positive prophecies?
Why yes, I do.
I predict the complete fall of the current system of competing nations, giving rise to a totalitarian one-world system that will be the worst dictatorship the world has ever known.
But then, beyond that, I predict the meek inheriting the earth and setting up a system of love and cooperation on a worldwide scale that will endure for all time.
As for the hat.
It looks better on you.
And you need it more.
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ukrainegary48: well i don't live in the USA. even through i work for an American company, i have pretty good health insurance. but at one time i had know insurance at all. the insurance companies are making a bunch of money. this health care is for the poor. show some compassion.
I just though I'd mention this as I've noticed it several times.
You often incorrectly use "know" instead of "no".
When it's a negation it's "no".
"Know is only for when we "know" something.
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RayfromUSA: Disasters, by their sheer size, often seem to move slowly.
The stock crash of October 1929 didn't cause a depression immediately. Things seemed to roll along as before and there was even talk of a recovery for a couple of years.
But the damage was done and the ship was sinking.
The subprime collapse of 2007 wasn't the cause of the current crisis, it was just the first visible result.
The cause is debt.
And there is more debt now than ever before and there is more every day.
The next wave of the crisis is the current collapse of the commercial property.
Hundreds of thousands of commercial properties worth billions of dollars are sitting vacant and are totally unsellable.
As the year ends, rather than pay high taxes on all that now worthless property, banks will be writing off the loss.
And as they do, that wealth officially disappears from existence.
Businesses will fail and banks will go bankrupt.
happening now
Anybody who thinks the economy is recovering, I ask them where? What sector? The industrial sector is dead and the commercial sector is in its death throes?
The only reason the depression hasn't hit full-force yet is that the government created a lot of phony wealth by the "bailout" and the "stimulus". Both were just injections of worthless monopoly-money into the economy.
It's like transfusing plasma into someone with a gaping shotgun wound. It can only buy a little time. It can't heal anything.
Take a look at just how much phony money has been injected into the economy this year.
The stock crash of October 1929 didn't cause a depression immediately. Things seemed to roll along as before and there was even talk of a recovery for a couple of years.
But the damage was done and the ship was sinking.
The subprime collapse of 2007 wasn't the cause of the current crisis, it was just the first visible result.
The cause is debt.
And there is more debt now than ever before and there is more every day.
The next wave of the crisis is the current collapse of the commercial property.
Hundreds of thousands of commercial properties worth billions of dollars are sitting vacant and are totally unsellable.
As the year ends, rather than pay high taxes on all that now worthless property, banks will be writing off the loss.
And as they do, that wealth officially disappears from existence.
Businesses will fail and banks will go bankrupt.
happening now
Anybody who thinks the economy is recovering, I ask them where? What sector? The industrial sector is dead and the commercial sector is in its death throes?
The only reason the depression hasn't hit full-force yet is that the government created a lot of phony wealth by the "bailout" and the "stimulus". Both were just injections of worthless monopoly-money into the economy.
It's like transfusing plasma into someone with a gaping shotgun wound. It can only buy a little time. It can't heal anything.
Take a look at just how much phony money has been injected into the economy this year.
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YESSSS !!!! Absolutely right. Thank you for telling the truth Ray. Now, if you can just convince the "idiots" in the liberal media, maybe we can all get ready for the inevitable economic collapse. 
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RayfromUSA: Disasters, by their sheer size, often seem to move slowly.
The stock crash of October 1929 didn't cause a depression immediately. Things seemed to roll along as before and there was even talk of a recovery for a couple of years.
But the damage was done and the ship was sinking.
The subprime collapse of 2007 wasn't the cause of the current crisis, it was just the first visible result.
The cause is debt.
And there is more debt now than ever before and there is more every day.
The next wave of the crisis is the current collapse of the commercial property.
Hundreds of thousands of commercial properties worth billions of dollars are sitting vacant and are totally unsellable.
As the year ends, rather than pay high taxes on all that now worthless property, banks will be writing off the loss.
And as they do, that wealth officially disappears from existence.
Businesses will fail and banks will go bankrupt.
happening now
Anybody who thinks the economy is recovering, I ask them where? What sector? The industrial sector is dead and the commercial sector is in its death throes?
The only reason the depression hasn't hit full-force yet is that the government created a lot of phony wealth by the "bailout" and the "stimulus". Both were just injections of worthless monopoly-money into the economy.
It's like transfusing plasma into someone with a gaping shotgun wound. It can only buy a little time. It can't heal anything.
Take a look at just how much phony money has been injected into the economy this year.
The stock crash of October 1929 didn't cause a depression immediately. Things seemed to roll along as before and there was even talk of a recovery for a couple of years.
But the damage was done and the ship was sinking.
The subprime collapse of 2007 wasn't the cause of the current crisis, it was just the first visible result.
The cause is debt.
And there is more debt now than ever before and there is more every day.
The next wave of the crisis is the current collapse of the commercial property.
Hundreds of thousands of commercial properties worth billions of dollars are sitting vacant and are totally unsellable.
As the year ends, rather than pay high taxes on all that now worthless property, banks will be writing off the loss.
And as they do, that wealth officially disappears from existence.
Businesses will fail and banks will go bankrupt.
happening now
Anybody who thinks the economy is recovering, I ask them where? What sector? The industrial sector is dead and the commercial sector is in its death throes?
The only reason the depression hasn't hit full-force yet is that the government created a lot of phony wealth by the "bailout" and the "stimulus". Both were just injections of worthless monopoly-money into the economy.
It's like transfusing plasma into someone with a gaping shotgun wound. It can only buy a little time. It can't heal anything.
Take a look at just how much phony money has been injected into the economy this year.
You're just full of good news, aren't you
Let it collapse... Let the whole shebang go!!!!!!!!
We need a good fresh start...We need a reversal of roles!
I say let it come, the sooner and the swifter the better!
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StressFree: Do you ever have any good and positive prophecies?
Stop thinking you have things figured out you fear spreader monster.
And put on a hat...
Stop thinking you have things figured out you fear spreader monster.
And put on a hat...
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Grandepensees: That's a myth...
It's only true for gold diggers.
It's only true for gold diggers.
Ok - I'm still lucky in love........... but I still want what I can't have and that's annoying to a man used to getting his own way.
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there is to my opinion nothing wrong with offer and demand
somebody wants something,somebody produces it...
it use to be like hey swap a sheep for a bag of crops?
monney came in handy not to have to carry your sheep around....
where it really got perverted is were the value of monney started to live its own life....a lot of misery that came with it....the offer and demand of sheep still being constant,the offer and demand of crops still being constant.....the sheep and crops in transaction fluctuating in value.......
somebody wants something,somebody produces it...
it use to be like hey swap a sheep for a bag of crops?
monney came in handy not to have to carry your sheep around....
where it really got perverted is were the value of monney started to live its own life....a lot of misery that came with it....the offer and demand of sheep still being constant,the offer and demand of crops still being constant.....the sheep and crops in transaction fluctuating in value.......
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RobertC2: Ok - I'm still lucky in love........... but I still want what I can't have and that's annoying to a man used to getting his own way.
DON'T I KNOW IT!!!!!!
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Scubadiva:
First of all, there's no such thing as an "industry sector" and a "commercial sector."
First of all, there's no such thing as an "industry sector" and a "commercial sector."
Do tell?
You need to inform the world of that revelation.
They seem not to have heard.
Wikipedia
"There are four key industrial economic sectors... "
The European Commission
"Industry sector overview:..."
Agence Economique Savoie
"Key industrial sectors:..."
The Office for Economic Cooperation and Development (OECD)
"List of Competition Committee roundtables by industrial sectors:..."
Business Dictionary.com
commercial sector:
"Firms not engaged in farming, manufacturing, or transportation."
Institute of Commercial Management (ICM)
"Within the Commercial sector networking events have existed for some time"
etc etc etc etc........
I could list hundreds of websites from competent business and governmental sources that believe the industrial and commercial sectors of the economy exist.
Whether or not they exist according to your personal interpretation, they certainly exists according to the interpretation of many others, including myself.
Scubadiva:
Under Bush, certain industries (energy, insurance, pharma, construction, etc.) were financially and regulatorily favored. There is where you now see the biggest adjustments.
Under Bush, certain industries (energy, insurance, pharma, construction, etc.) were financially and regulatorily favored. There is where you now see the biggest adjustments.
Yes Bush fed the hogs well.
But the creditors who hold the farm's mortgage don't love the hogs, although they are very fond of bacon.
The current depression is not an "adjustment".
It's a meltdown.
China Syndrome.
Critical mess,
The economy is not being fine-tuned, it's being demolished and sold for scrap.
Scubadiva:
What's happening now would have happened anyway...
What's happening now would have happened anyway...
That's true, because it's the result of decades of corruption and greed. There was no way in the world to stave off the consequences any longer.
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RayfromUSA: Disasters, by their sheer size, often seem to move slowly.
The stock crash of October 1929 didn't cause a depression immediately. Things seemed to roll along as before and there was even talk of a recovery for a couple of years.
But the damage was done and the ship was sinking.
The subprime collapse of 2007 wasn't the cause of the current crisis, it was just the first visible result.
The cause is debt.
And there is more debt now than ever before and there is more every day.
The next wave of the crisis is the current collapse of the commercial property.
Hundreds of thousands of commercial properties worth billions of dollars are sitting vacant and are totally unsellable.
As the year ends, rather than pay high taxes on all that now worthless property, banks will be writing off the loss.
And as they do, that wealth officially disappears from existence.
Businesses will fail and banks will go bankrupt.
happening now
Anybody who thinks the economy is recovering, I ask them where? What sector? The industrial sector is dead and the commercial sector is in its death throes?
The only reason the depression hasn't hit full-force yet is that the government created a lot of phony wealth by the "bailout" and the "stimulus". Both were just injections of worthless monopoly-money into the economy.
It's like transfusing plasma into someone with a gaping shotgun wound. It can only buy a little time. It can't heal anything.
Take a look at just how much phony money has been injected into the economy this year.
The stock crash of October 1929 didn't cause a depression immediately. Things seemed to roll along as before and there was even talk of a recovery for a couple of years.
But the damage was done and the ship was sinking.
The subprime collapse of 2007 wasn't the cause of the current crisis, it was just the first visible result.
The cause is debt.
And there is more debt now than ever before and there is more every day.
The next wave of the crisis is the current collapse of the commercial property.
Hundreds of thousands of commercial properties worth billions of dollars are sitting vacant and are totally unsellable.
As the year ends, rather than pay high taxes on all that now worthless property, banks will be writing off the loss.
And as they do, that wealth officially disappears from existence.
Businesses will fail and banks will go bankrupt.
happening now
Anybody who thinks the economy is recovering, I ask them where? What sector? The industrial sector is dead and the commercial sector is in its death throes?
The only reason the depression hasn't hit full-force yet is that the government created a lot of phony wealth by the "bailout" and the "stimulus". Both were just injections of worthless monopoly-money into the economy.
It's like transfusing plasma into someone with a gaping shotgun wound. It can only buy a little time. It can't heal anything.
Take a look at just how much phony money has been injected into the economy this year.
Jaysus, I never thought there would be something that you and I agreed on but you've found it. I'm no proffessor of economics but I've been saying for nearly 10 years that there's something wrong with the mathematics of the way we were living and it turns out I was right. I would now argue that the figures add up even less than they did then. This is like digging an extra hole to put the rubble in from the first hole. Absolute madness. And I would argue that there's i interest rate hikes coming too....big ones.
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RayfromUSA: Do tell?
You need to inform the world of that revelation.
They seem not to have heard.
Wikipedia
"There are four key industrial economic sectors... "
The European Commission
"Industry sector overview:..."
Agence Economique Savoie
"Key industrial sectors:..."
The Office for Economic Cooperation and Development (OECD)
"List of Competition Committee roundtables by industrial sectors:..."
Business Dictionary.com
commercial sector:
"Firms not engaged in farming, manufacturing, or transportation."
Institute of Commercial Management (ICM)
"Within the Commercial sector networking events have existed for some time"
etc etc etc etc........
.
You need to inform the world of that revelation.
They seem not to have heard.
Wikipedia
"There are four key industrial economic sectors... "
The European Commission
"Industry sector overview:..."
Agence Economique Savoie
"Key industrial sectors:..."
The Office for Economic Cooperation and Development (OECD)
"List of Competition Committee roundtables by industrial sectors:..."
Business Dictionary.com
commercial sector:
"Firms not engaged in farming, manufacturing, or transportation."
Institute of Commercial Management (ICM)
"Within the Commercial sector networking events have existed for some time"
etc etc etc etc........
.
Geezuz Ray, "Industry sector overview" means that it's an overview of the sectors within an industry or industries.
"Key industrial sectors" .. Those are sectors within industries.
You're reading this incorrectly.
Commercial sector (bad choice of term), but as I said, those are companies within sectors who engage in commerce. "Commerce" is not a sector.
I'm in business and I deal with this stuff all the time. The dictionary is saying what I'm saying. You're not reading it correctly and I presume you're not in business, else you'd know. It's not a criticism, okay.
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RayfromUSA: Do tell?
Whether or not they exist according to your personal interpretation, they certainly exists according to the interpretation of many others, including myself.
Whether or not they exist according to your personal interpretation, they certainly exists according to the interpretation of many others, including myself.
It's not my "personal interpretation". I studied business and finance and I actually work in the field. Do you?
Those clowns who do the "writing" or sit in government offices get their information from people like me.
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Scubadiva: It's not my "personal interpretation". I studied business and finance and I actually work in the field. Do you?
Those clowns who do the "writing" or sit in government offices get their information from people like me.
Those clowns who do the "writing" or sit in government offices get their information from people like me.
YOU TELL 'EM, WOMAN!
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The stock crash of October 1929 didn't cause a depression immediately. Things seemed to roll along as before and there was even talk of a recovery for a couple of years.
But the damage was done and the ship was sinking.
The subprime collapse of 2007 wasn't the cause of the current crisis, it was just the first visible result.
The cause is debt.
And there is more debt now than ever before and there is more every day.
The next wave of the crisis is the current collapse of the commercial property.
Hundreds of thousands of commercial properties worth billions of dollars are sitting vacant and are totally unsellable.
As the year ends, rather than pay high taxes on all that now worthless property, banks will be writing off the loss.
And as they do, that wealth officially disappears from existence.
Businesses will fail and banks will go bankrupt.
happening now
Anybody who thinks the economy is recovering, I ask them where? What sector? The industrial sector is dead and the commercial sector is in its death throes?
The only reason the depression hasn't hit full-force yet is that the government created a lot of phony wealth by the "bailout" and the "stimulus". Both were just injections of worthless monopoly-money into the economy.
It's like transfusing plasma into someone with a gaping shotgun wound. It can only buy a little time. It can't heal anything.
Take a look at just how much phony money has been injected into the economy this year.