Quote:
Originally Posted by poundwise
No, it can't be over yet. We didn't have the 2nd Great Depression yet.
Fact is, if you listen to talking-head economists you will think the world is ending in one quarter and that prosperity is just around the corner in the next. Of course, you could find those who said that there was no problem as we dove into the current recession and you can find people now who are still stocking up on ammo and water.
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I'm the worrier type, but not the warrior type, so I do have some supplies, but no ammo! Also being the worrier type, I answered a thread way back in summer 2006 about who thinks they see recession on the horizon. Well I don't have any sophistication about economics, but there just seemed to be so much senseless stuff going on that I did not see how it could possibly be sustained. So a voted for recession's likelihood. For years I had been doing an incredulous, neck-snapping, double-take on the way the real estate market was going up and the way imports were being consumed. So yeah, as the worrier and person who basically believes in Malthusian dynamics, I thought I could see recession. Funny thing is, I do not even know how to spot recovery, especially if recovery is going to include all the crazy stuff that got us into recession in the first place.