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Two Extremes

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preacher	Two Extremes	Lead	[-]
Posts: 64 (11/26/08 1:07 PM) Reply Quote More My Recent Posts Message Me Connection Blocking Invite Ignore User's Posts Report Post	Tags : None Lately no matter where I tune in I seem to get the idea that there are only two possibilities for the future of the U.S. economy. Either we are heading for a depression or it will soon cost us $5,000 for a cup of coffee (hyper-inflation). Is there anything or anyone out there with a lick of sense that might offer a more realistic point of view? I know fear sells and I think thats why we (atleast I do anyways) hear of only two extremes. Why, where are we being driven? Ideas? Last Edited By: preacher 11/26/08 1:10 PM. Edited 1 time.
lid9cog		#1	[-]
Posts: 1334 (11/26/08 3:06 PM) Reply Quote More My Recent Posts Message Me Connection Blocking Invite Ignore User's Posts Report Post	This is the way I see it. If the government does not step in and take control this country will go into either a steep recession or depression. I do not like the idea of the government bailing out businesses due to the incompetence of management. The way the financial markets are today, I do not see much choice. As for hyper inflation, I just do not see it happening.
Thor96		#2	[-]
Posts: 5678 (11/26/08 3:53 PM) MODERATOR Reply Quote More My Recent Posts Message Me Connection Blocking Invite Ignore User's Posts Report Post	As for hyper inflation, I just do not see it happening. The pundits are suggesting DEflaction, especially in the housing market and possibly auto market. There was one dealership having a "buy one get one free" sale. Now that's a sale. Dealers are most anxious to move car and trucks, especially their 2008 models as the 2009 come on the market. Most certainly if there is deflation of big items, it will trickle down and there will be widespread deflation all the way to a pack of bubble gum. "If Democrats had any brains they'd be Republicans!" Ann Coulter
preacher		#3	[-]
Posts: 65 (11/26/08 6:41 PM) Reply Quote More My Recent Posts Message Me Connection Blocking Invite Ignore User's Posts Report Post	I have been doing some research on my own, I tellya there are alot of extreme views online depression or hyper-inflation. Though I am a far cry from understanding it as the 'peoples news' proclaims to. I did find one bit of intel, the prospects of the global economy. I noticed that out of all the so called "high income" nations the U.S. was mentioned as one able to bear the greatest burden. Why us? Because our enconomy IS strong, the strongest and being so it is able to bounce back better than all others. Thats why we are bailing out ninnys both foreign and domestic because nobody else can. Doesn't mean I agree with the bailouts in total and does seem dangerous if the goverment is given too much in the way of my tax dollars and power, it just seems way to big for me to comprehend. Bah! I'm rambling! If true, I guess one could then say that not only with the blood of Americans do we defend freedom we the people also appear to be able to bear the financial burdens of others in this world. Doesn't mean we will succeed but atleast we're trying. Yep I like that. Thats my story and I'm sticking to it, well, for now anyways. Last Edited By: preacher 11/26/08 6:44 PM. Edited 1 times.
MasterCork		#4	[-]
Posts: 258 (11/26/08 7:48 PM) Reply Quote More My Recent Posts Message Me Connection Blocking Invite Ignore User's Posts Report Post	I agree that there is a great deal of fear. Shows in everything from stores closing to holiday shopping expectations being low. The issue for me is 'when' inflation will increase and 'how much' not if it will. A depression is a long recession, not really a clear definition. The Labor department measures have been so corrupted that saying we are officially in a recession is just now firm. Recessions and inflation are caused by the federal government. The Feds do not like to think about it, hence neither party talked about a upcoming collapse during their conventions. Only crazy Ron Paul predicted the housing crisis impact. The social secuirty CPI is 5.8%, this shows a 'cooked cpi' as prices have increased more than 6%. At least on what I buy. Huge federal deficit spending will continue and cannot be offset with tax revenue or spending cuts. Over time the dollar will be forced to decline in value from being over supplied and the potential for high inflation (greater than 10%) exists. We have been a credit driven consumer nation and now that we are cutting back with credit is being restricted. The world wide economies tied to us are being impacted. Our government wants us in debt and spending more than we can afford, which is what got us in this mess. Who could imagine a prime rate of 1.25% and the stock market declining? Saying we have a strong economy when it is based on consuming and not manufacturing seems to be a false assumption, but it is often repeated. Right now the world wants us to consume, soon China and India will produce more for themselves not export. Demand destruction world wide on oil and the housing bubble collapse due to American's not spending are giving us a temporary break on inflationary pressures. If China and India would continue to grow and kept oil high can you imagine the fix we would be in? Will this lower oil cost and unemployment rate remain stable? Beats me, I expect some things to get worse. Regardless the Fed's are printing dollars we can not pay back and it hurt us over time with a weaker purchasing power. We are carrying a burden in being 'the' super power, keeping the oil lanes open which we really cannot afford but have no choice. We will succeed, it just might be a long and painful transition to a producer nation again. Cork
wauto	Recession or Depression?---A simple definition	#5	[-]
Posts: 145 (11/26/08 9:48 PM) Reply Quote More My Recent Posts Message Me Connection Blocking Invite Ignore User's Posts Report Post	In an effort to clarify the difference between a recession and a depression I will offer this: a recession is when your neighbors start loosing their jobs. A depression is when you loose yours!
Enfield1917		#6	[-]
Posts: 860 (11/26/08 10:20 PM) Reply Quote More My Recent Posts Message Me Connection Blocking Invite Ignore User's Posts Report Post	preacher wrote: Lately no matter where I tune in I seem to get the idea that there are only two possibilities for the future of the U.S. economy. Either we are heading for a depression or it will soon cost us $5,000 for a cup of coffee (hyper-inflation). Is there anything or anyone out there with a lick of sense that might offer a more realistic point of view? I know fear sells and I think thats why we (atleast I do anyways) hear of only two extremes. Why, where are we being driven? Ideas? Not really, we have been heading in this direction for decades and no one in the schools of economics that are popular in our colleges and universities has seen or understood what would logically result from a fiat currency manipulated by an autonomous central bank. Socialists have been running our economic thought, economic education and governmental economic advisories since the early 20th century. As a result, we have slowly crept more and more toward the point of all out socialism and along the way destroyed our system with debt and an ever devalued currency. We shall not recover until we return to a free-market and now that the left has succeeded in blaming the "free-market and deregulation" on our economic woes, I doubt we will see capitalism return to the United States for a very, very, very long time.

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