Comments on: Depressing Financial News Abounds – Are We Headed for a Depression?

By: Aaron King

Aaron King — Sun, 02 Aug 2009 18:51:31 +0000

What gets me is the fact that we can’t get the facts to the public with all of the technology at our fingertips. Major news corporations are careful of what they tell their listeners to build trust. But when a time comes where they can use that earned trust to protect the futures of Americans, they don’t. My dad told me about this recession three years ago, but the Bush administration and their cronies(FOX included) seemed to know nothing. If we are headed for a depression I don’t expect the people will know about it until it’s too late. There are many things to be changed in our society and I am hoping this “Great Recession” will help our people get out of their passive capitalist butt kissing and start falling back on the values that made this country great in the first place. But ofcourse, I haven’t benefited from mass media/marketing and capitalist control in our country. I’m a dirt poor working class 20 yr. old kid. Whatever happens I hope it is the best thing for mankind,

By: Red

Red — Tue, 25 Nov 2008 02:24:22 +0000

A lot of people are comparing this to the hyper-inflation of the Weimar Republic. Mostly because of the huge deficit we’re racking up. Either way, it’s not good.

By: Jeremy

Jeremy — Mon, 24 Nov 2008 11:44:19 +0000

As much as I hope you’re wrong (for the sake of the economy), I fear that I agree with you. The bailout concept was certainly a slippery slope and a mistake. I just arrived in Europe a few hours ago, switched on CNN while unpacking and have been listening to reports of more and more European countries planning to bail out industries or even individual companies…the world is in for an interesting economic time in the upcoming 18 months.

By: Peter K

Peter K — Sat, 22 Nov 2008 22:17:59 +0000

One bit of good news, today : Timothy Geithner as Treasury Secretary. Let’s hope he’s nominated. I don’t think there is any super widget to get the world out, but a good team is a start: it will no doubt get worse before it gets better, and the US may lose some “supremacy” (whatever that means), by the time it’s all over – but I think it will be over.

By: Aaron Hall

Aaron Hall — Sat, 22 Nov 2008 16:47:40 +0000

I wonder how much validity there is to the theory that the more worried the public gets, the less it spends, making the economy worse. However, it’s probably a good thing that the American public start reducing their personal credit card debt.

By: Steve S.

Steve S. — Sat, 22 Nov 2008 15:35:47 +0000

I think the worst is yet to come unfortunately. the DOW may hit 4000 before it’s over. Real Estate is in the tank and will stay that way for a long, long time. The ones who will profit from real estate in the future will be landlords over rental properties. Watch for rental housing to be in very high demand in the future. Banks are going back to the old way of doing business. 20% down and good credit and job history. How many people do you know who can put $30K down on a $150K home? Not many. Unless housing problem is solved, it’s lights out. Sorry to be a Debbie Downer.

By: Armen Shirvanian

Armen Shirvanian — Fri, 21 Nov 2008 20:07:03 +0000

You have presented a fair amount of similarity between that which caused the depression long ago, and that which could come about in the near future. It does appear that you are right in that there would have to be some determining factor that would have to be created in order to direct more traffic/interest/product toward the United States. A new technology that changed the way things work could change the course of events, but there is also the concept that some don’t want “rough times” to end. There is somewhat of a battle in place between those that are hurt by a recession and those that benefit from a recession.

By: ictsseller

ictsseller — Fri, 21 Nov 2008 12:13:33 +0000

Great post mate, i think the biggest recession will come.
Alot of people dont have the money to buy stuff, so the market and big companies dont produce products anymore.Alot of campanies gone down.