^^^^Belief resists information.
The Coming Recession
- Thread starter Kanewpadle
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I guess I'd better load up on tulip bulbs!
ancient-one
US Veteran
I hope that we are never faced with one like in the 1920's. I was very young but faintly remember standing in line with my grandad to get back a small portion of the savings account my grandparents and aunts had set-up
for me. Maybe that is part of the reason that when it became possible, having savings always has seemed necessary to me.
for me. Maybe that is part of the reason that when it became possible, having savings always has seemed necessary to me.
LVSteve
Member
Maybe that's because the true, sustainable amount of growth that can be achieved is rather less than many would have us believe. Not a popular view, I know, and living through the correction will continue to cause angst.
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That's exactly right. So they juice the economy to get votes but it just pulls future demand into the present. That's why recessions are less frequent, but more severe than they used to be.
Brass and copper bullion aren't too bad either.
Yeah 2008 was quite a mess! No small wonder with Mortgage Backed Securities. Giving every Tom, Dick, and Harry money they could never pay back. Hate to see how people would react these days to a Market crash like 1929!
A few folks mentioned John Maynard Keynes. A basic premise is "Buy all the stuff you want now and pay for it with cheaper, plentiful money later.". This presupposes that " it" will be paid back at some point. Joe
A recession is coming! Hilary is going to win the White House![emoji23][emoji23][emoji23][emoji23][emoji23][emoji23][emoji23][emoji23][emoji23][emoji23][emoji23][emoji23][emoji23][emoji23][emoji23][emoji23][emoji1][emoji1][emoji1][emoji1]
Has anyone ever met an economist that was also an optimist?
I haven't.
I haven't.
memtb
Member
I'm "heavily" invested in precious metals. About 1200# of wheel weights! 
memtb
memtb
Grayfox
US Veteran
Live within your means. Simple basic, logic that so many, especially the government, just can't seem to understand.
Have y'all seen that credit card commercial where the young girl gets her new credit card in the mail? She then immediately goes out and starts running up the tab.
That in simple terms if the whole basis of the problem. Freely spending money you don't have.
Like many other problems in this country, the economy can be fixed. But it would be hard and painful. Nobody, and I mean NOBODY is willing face the pain. Especially politicians when doing the right thing would likely cost them the next election. That's why for decades both congress and the people have been putting band-aids on problems that require major surgery. It will come back to bite us all.
I'm not worried about the next recession, I'm more concerned with the distinct possibility that this entire nation could collapse under its own weight.
Have y'all seen that credit card commercial where the young girl gets her new credit card in the mail? She then immediately goes out and starts running up the tab.
That in simple terms if the whole basis of the problem. Freely spending money you don't have. Like many other problems in this country, the economy can be fixed. But it would be hard and painful. Nobody, and I mean NOBODY is willing face the pain. Especially politicians when doing the right thing would likely cost them the next election. That's why for decades both congress and the people have been putting band-aids on problems that require major surgery. It will come back to bite us all.
I'm not worried about the next recession, I'm more concerned with the distinct possibility that this entire nation could collapse under its own weight.
Don't be cynical, guys - our roaring economy and magical tax cuts will eliminate budget deficits and the national debt just as they always do.
Old Arkansawyer
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I don't think many grown men will stand in a 2 block long line
for a watery cup of soup. Not if they have the means to take
something of more value from someone else.
I grew up on an Arkansas farm and can and do grow a lot of
my families food. But, would I be able to turn away a family
with 2 or 3 starving children? Probably not. I just hope I
never have to face a 1929 or worse depression. Plus that was
followed by the dirty 30's were farm families couldn't grow
what they needed, and were losing their lands to failed banks
and failure to pay property taxes.
"I grew up on an Arkansas farm and can and do grow a lot of
my families food. But, would I be able to turn away a family
with 2 or 3 starving children? Probably not."
I'm not sure I could either, but sadly that decision may have to be made at some point.
I'm not willing to go on 1/2 rations long term to support strangers long term.
my families food. But, would I be able to turn away a family
with 2 or 3 starving children? Probably not."
I'm not sure I could either, but sadly that decision may have to be made at some point.
I'm not willing to go on 1/2 rations long term to support strangers long term.
I am still waiting for gold and silver to "double or even triple in value" as the metal purveyor have been predicting for the last ten years. They promise it is probably, maybe just around the next bend.
Stock market has been ready to crash for the last ten years as well. I am still waiting.
Good friend pulled his sizeable piortfolio from the market in 2008 and refused to get back in because he loves dooms day media.
I have done quite well in the market the last 10 years, thank you very much.
Started my business in 2010. We have been averaging 22% growth every year. If I ran my business worried about the next financial doom event, I would not be living the life I am now.
Ignore the talking heads, they would have you hiding in your basement eatting freeze dried food for the rest of your life.
A recession will certainly happen. When and how bad is impossible to predict. Just dont get caught with your knickers around your ankles when it does.
Stock market has been ready to crash for the last ten years as well. I am still waiting.
Good friend pulled his sizeable piortfolio from the market in 2008 and refused to get back in because he loves dooms day media.
I have done quite well in the market the last 10 years, thank you very much.
Started my business in 2010. We have been averaging 22% growth every year. If I ran my business worried about the next financial doom event, I would not be living the life I am now.
Ignore the talking heads, they would have you hiding in your basement eatting freeze dried food for the rest of your life.
A recession will certainly happen. When and how bad is impossible to predict. Just dont get caught with your knickers around your ankles when it does.
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islandguy
Member
Actually, IMHO, we in N. America have been in a Recession since 1973. What we are facing now/soon/inevitably is a Super Depression, which will make the 1929-1940's one seem like a "downturn" in the economy. Just sayin, of course. When the SHTF in this one, the downstream velocity of said discharge is going to be hyper-velocity.
LVSteve
Member
Read the novel, "The Death of Grass" by John Christopher to see how that works out.
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