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Posted: 6/10/2009 8:00:38 AM EDT
LINK to original thread HERE
The opening post from the original thread , September 29th, 2008......... Quoted:
Based on the current situation many think there will be an economic collapse. So, how much time from today (1 month, 3 months, 6 months, a year) has to pass before you will admit there was no economic collapse from the current situation? And no you can't say 20 years. WAY to many things will happen between now and then and the current problem will be as out of mind as the early 70's gas shortages. Please......to keep things in their proper perspective.. *** DATE STAMP any quotes from old thread *** 
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Posted: 6/10/2009 8:03:09 AM EDT
[#1]
Quoted:
Quoted:
We'll see. 
Quoted:
Quoted:
People asked what when I would admit collapse, worse than 1930's, is it for me. Yeah..........Id say when it gets much worse than the 'Great Depression' of the 30s, we could call it a collapse. Not a total collapse.........but a collapse. And I see it happening this coming spring/summer. From November 24th ,2008 I still think we will see the numbers get worse than the 'Great Depression of the 30's' this summer. |
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Posted: 6/10/2009 8:03:34 AM EDT
[#2]
mercy post.
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Posted: 6/10/2009 8:05:44 AM EDT
[#3]
In on one of Part two.
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Posted: 6/10/2009 8:09:15 AM EDT
[#4]
So are we still holding out hope that there will be no collapse so that the "it's the media's fault" crowd of 2008 can say "I told you so?"
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Posted: 6/10/2009 8:12:32 AM EDT
[#5]
Quoted:
So are we still holding out hope that there will be no collapse so that the "it's the media's fault" crowd of 2008 can say "I told you so?" While that would be nice.........and I'd have no complaints...........I dont see this problem getting any better before it gets MUCH worse. I would gladly eat crow if it would just fizzle out and go away 
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Posted: 6/10/2009 8:28:58 AM EDT
[#6]
I would much prefer to be paranoid and wrong on this one. Once we start thinking it can't happen, that is exactly when it could!!!
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Posted: 6/10/2009 8:37:40 AM EDT
[#7]
Lots of cards are still in the process of falling , they just have not hit the floor yet.
( In one one of the second part  )
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Posted: 6/10/2009 8:41:43 AM EDT
[#8]
Well, the Russians started buying IMF debt instead of ours today. Granted they weren't our biggest buyer, but they still had something around 150 Billion USD. The IMF debt is comprised of about 44% USD (so they are only lessening their risk).
I think that the Russians would rather see the Chinese get hurt rather than the US. The best way to hurt the Chinese, I think, would be to hurt our economy. We're doing it ourselves anyway, the Russians are just playing along. A really strong China is not in Russia's best interest. The local economy here is still doing pretty well, but theft is up (I don't know if it is above yearly average though). |
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Posted: 6/10/2009 8:43:47 AM EDT
[#9]
In on one...collapse will come
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Posted: 6/10/2009 8:50:30 AM EDT
[#10]
WOW, this thread went to a second installment?
 OH, and in on one (part 2)!
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Posted: 6/10/2009 8:51:50 AM EDT
[#11]
Quoted:
In on one...collapse will come 18 months max in on 1 also |
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Posted: 6/10/2009 8:52:13 AM EDT
[#12]
does anyone care that we have two prominent private sector time bombs waiting to explode?
CMBS and RMBS ARM resets. |
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Posted: 6/10/2009 8:52:26 AM EDT
[#13]
ahh...
eta For my post 600 I'm going with collapse by Christmass or sooner. I'lll take bacon, beans, bullets and band-aids for $100 please. eta I didn't want to be the first one to post Karl but since no one else did: The Fed: Bankrupt |
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Posted: 6/10/2009 8:53:26 AM EDT
[#14]
in on part 2 and in on 1
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Posted: 6/10/2009 9:00:30 AM EDT
[#15]
Quoted: I would gladly eat crow if it would just fizzle out and go away +1 Oh, and IN! |
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Posted: 6/10/2009 9:01:30 AM EDT
[#16]
The real question is, when will the inflation begin? How soon will we get into hyperinflation?
None of what we are seeing is Libtard stupidity or ignorance. We are seeing the systematic economic destruction of the USA. This has been carefully planned and is now being executed. This is not just an "oops". This is war on the American people. |
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Posted: 6/10/2009 9:03:43 AM EDT
[#17]
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Posted: 6/10/2009 9:05:36 AM EDT
[#18]
I'll get in on this one .
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Posted: 6/10/2009 9:09:37 AM EDT
[#19]
Commercial Real Estate is going to crash...
In on 1 |
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Posted: 6/10/2009 9:15:43 AM EDT
[#20]
Yep, In on one
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Posted: 6/10/2009 9:18:13 AM EDT
[#21]
Oh yeah.... don't forget all the unsecured credit card debt that is about to turn into garbage ..... People without jobs ( and people who have taken drastic pay cuts , which is the SEVERELY under reported side of this mess ) , generally don't pay their credit card bills .... And unlike the Real Estate Crash, When that is defaulted on it GONE..... Nothing to repossess that holds some value you can recover. It disappears into thin air...
And in on one... |
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Posted: 6/10/2009 4:19:11 PM EDT
[#22]
Quoted:
The real question is, when will the inflation begin? How soon will we get into hyperinflation? None of what we are seeing is Libtard stupidity or ignorance. We are seeing the systematic economic destruction of the USA. This has been carefully planned and is now being executed. This is not just an "oops". This is war on the American people. The word on the street is Fall of 2010. |
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Posted: 6/10/2009 4:23:39 PM EDT
[#23]
what is the point of this????? you actually think there is someone here who can tell the future???? no one knows when its gonna happen. BUT HISTORY WILL REPEAT ITSELF.
end of thread. no actuall reason to keep discussing this shit. stop feeding the troll/tinfoil hatters........ 
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Posted: 6/10/2009 4:30:37 PM EDT
[#24]
Quoted:
what is the point of this????? you actually think there is someone here who can tell the future???? no one knows when its gonna happen. BUT HISTORY WILL REPEAT ITSELF. end of thread. no actuall reason to keep discussing this shit. stop feeding the troll/tinfoil hatters........ Pretty much sums it up. |
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Posted: 6/10/2009 4:35:01 PM EDT
[#25]
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Posted: 6/10/2009 4:37:44 PM EDT
[#26]
Wait til the chinese start dumping our treasuries.....
Russians are dumping $10 Billion in favor of IMF bonds..... Throw trillions back into the system and..... HELLO HYPERINFLATION!!!!!!!!! You aint seen nothing yet! 
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Posted: 6/10/2009 4:43:01 PM EDT
[#27]
Bring it
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Posted: 6/10/2009 4:45:26 PM EDT
[#28]
In on one.
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Posted: 6/10/2009 4:58:22 PM EDT
[#29]
if we make it past the mayan prediction of 2012 then were golden.
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Posted: 6/10/2009 5:01:34 PM EDT
[#30]
Is that your SHTF crawlspace? |
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Posted: 6/10/2009 5:03:36 PM EDT
[#31]
Quoted: what is the point of this????? you actually think there is someone here who can tell the future???? no one knows when its gonna happen. BUT HISTORY WILL REPEAT ITSELF. end of thread. no actuall reason to keep discussing this shit. stop feeding the troll/tinfoil hatters........ I kinda agree, since many of those who've spent years of their lives getting degrees in economics haven't provided us with much of a usable service lately. Yet, you could argue your same point on the majority of threads found in GD. Mostly nonsense and repetition. |
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Posted: 6/10/2009 5:04:53 PM EDT
[#32]
Roubini: Those Are Yellow Weeds, Not Green Shoots By WSJ Staff The still-pessimistic Nouriel Roubini offers *nine* reasons for pessimism: First, employment is still falling sharply in the U.S. and other economies. This will be bad news for consumption and the size of bank losses. Second, this is a crisis of solvency, not just liquidity, but true deleveraging has not really started, because private losses and debts of households, financial institutions, and even corporations are not being reduced, but rather socialized and put on government balance sheets. Lack of deleveraging will limit the ability of banks to lend, households to spend, and firms to invest. Third, in countries running current-account deficits, consumers need to cut spending and save much more for many years. Shopped out, savings-less, and debt-burdened consumers have been hit by a wealth shock (falling home prices and stock markets), rising debt-service ratios, and falling incomes and employment. Fourth, the financial system — despite the policy backstop — is severely damaged. So the credit crunch will not ease quickly. Fifth, weak profitability, owing to high debts and default risk, low economic — and thus revenue — growth, and persistent deflationary pressure on companies’ margins, will continue to constrain firms’ willingness to produce, hire workers, and invest. Sixth, rising government debt ratios will eventually lead to increases in real interest rates that may crowd out private spending and even lead to sovereign refinancing risk. Seventh, monetization of fiscal deficits is not inflationary in the short run… slack product and labor markets imply massive deflationary forces. But if central banks don’t find a clear exit strategy from policies that double or triple the monetary base, eventually either goods-price inflation or another dangerous asset and credit bubble (or both) will ensue. Eighth, some emerging-market economies with weaker economic fundamentals may not be able to avoid a severe financial crisis, despite massive IMF support. Finally, the reduction of global imbalances implies that the current-account deficits of profligate economies (the U.S. and other Anglo-Saxon countries) will narrow the current-account surpluses of over-saving countries (China and other emerging markets, Germany, and Japan). But if domestic demand does not grow fast enough in surplus countries, the resulting lack of global demand relative to supply — or, equivalently, the excess of global savings relative to investment spending — will lead to a weaker recovery in global growth, with most economies growing far more slowly than their potential. So, green shoots of stabilization may be replaced by yellow weeds of stagnation if several medium-term factors constrain the global economy’s ability to return to sustained growth. Unless these structural weaknesses are resolved, the global economy may grow in 2010-2011, but at an anemic rate. |
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Posted: 6/10/2009 5:06:24 PM EDT
[#33]
Quoted:
Quoted:
what is the point of this????? you actually think there is someone here who can tell the future???? no one knows when its gonna happen. BUT HISTORY WILL REPEAT ITSELF. end of thread. no actuall reason to keep discussing this shit. stop feeding the troll/tinfoil hatters........ Pretty much sums it up. 
This is an ongoing thread with a lot of interesting and usefull links and info. The first one ran 2500 posts and over 56,000 views over 8 or 9 months. If you two dont like like it , TOUGH SHIT.........dont click on it or respond to it.
It aint that hard............well..........to most folks anyways
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Posted: 6/10/2009 5:13:56 PM EDT
[#34]
U.S. April trade gap widens on softening exports WASHINGTON, June 10 (Reuters) - The U.S. trade gap widened to $29.2 billion in April as exports weakened again in a reflection of waning global demand, a U.S. government report on Wednesday showed. The Commerce Department said total exports fell 2.3 percent to $121.1 billion, the lowest level for foreign sales since mid-2006. Exports have dropped in eight of the past nine months. Imports declined in April for a ninth straight month but by a smaller amount than exports, down 1.4 percent to $150.3 billion. That was the lowest value for imports since September 2004, more evidence that the recession-struck U.S. economy was not generating as much demand as it once did. Imports of industrial supplies and materials, which include minerals, chemicals and lumber used in U.S. manufacturing, fell in April as did imports of new cars and parts. But imports of consumer goods like televisions and cosmetics and pharmaceuticals rose modestly from March levels. The monthly deficit on goods trade with China climbed to $16.8 billion from $15.6 billion in March and was the largest with any single country. During a visit to Beijing last week, Treasury Secretary Timothy Geithner said U.S. consumers were no longer in a position to keep powering global growth with the United States in recession since late 2007. U.S. exports to nearly all of its major trading partners fell. Exports to Japan plummeted to a 15 year low of $3.9 billion, while exports to the European Union dropped 9.9 percent to $17.8 billion. Despite soft demand, oil prices rose to their highest level this year. Imported oil cost $46.60 a barrel in April, up from $41.36 in March. |
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Posted: 6/10/2009 5:14:43 PM EDT
[#35]
NEW YORK, June 10 (Reuters) - A spike in U.S. mortgage rates drove down total home loan applications last week as demand for refinancing shriveled to the lowest level since November, the Mortgage Bankers Association said on Wednesday. Borrowing costs have soared as bond yields have risen, even as the Federal Reserve has sopped up hundreds of billions of dollars in bonds to keep rates low and stimulate the housing market. The average 30-year fixed mortgage rate jumped 0.32 percentage point in the June 5 week to 5.57 percent. That was nearly a full point above the record low rate of 4.61 percent in March, the trade group said. The vast majority of mortgage activity this year has been from homeowners cutting costs with new loans at rock-bottom rates. The Mortgage Bankers Association's seasonally adjusted index of total applications dropped 7.2 percent to a four-month low of 611.0 in the latest week. The refinancing index slumped 11.8 percent to a nearly seven-month low of 2,605.7 last week, and refinancing accounted for about 59 percent of all applications, the lowest share since November. As recently as April, refinancings accounted for almost 80 percent of all home loan applications. Purchasers have been slower to act in the current housing market, with some waiting in hopes that prices will fall further and others paralyzed by unemployment or wage cuts. Demand for loans to buy homes was little changed last week, rising 1.1 percent to 270.7, having basically been stuck in neutral throughout the important spring sales season. "I'm not optimistic for 2009 or 2010," Mark Goldman, real estate lecturer at San Diego State University and mortgage broker, said on Tuesday. The swift percentage point rise in mortgage rates cuts the purchasing power of a borrower by about 10 percent, he estimated. |
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Posted: 6/10/2009 5:15:28 PM EDT
[#36]
Nothing about the Economy makes sense anymore .We have powerful people behind the scenes pulling the strings .It is almost impossible to predict the Economic future of the Country .
They (Liberals /Proggresives/RHINOs) have taken an economic Melt down and turned it into a oportunity to reshape our current system into a Proggressive/Liberal system of Government. Who knows what will happen in a year .Lets face it we are all pawns we just have to hope for the best and plan for the worst . |
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Posted: 6/10/2009 5:15:33 PM EDT
[#37]
Australia just posted a positive gain in GDP for the last quarter. We still havent slipped into a recession. But realisticly , the GDP growth was small, and the economy is in a slump, and we have rising unemployment. (5.4%) Our interest rate is still at 3% as well.
This is the nerdiest post i've ever made on ARFCOM |
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Posted: 6/10/2009 5:17:59 PM EDT
[#38]
Quoted:
Australia just posted a positive gain in GDP for the last quarter. We still havent slipped into a recession. But realisticly , the GDP growth was small, and the economy is in a slump, and we have rising unemployment. (5.4%) Our interest rate is still at 3% as well. This is the nerdiest post i've ever made on ARFCOM No your wrong .I remember other nerdy post you have made that rival this one. |
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Posted: 6/10/2009 5:21:41 PM EDT
[#39]
Quoted:
I still think we will see the numbers get worse than the 'Great Depression of the 30's' this summer. What "numbers" and what is going to happen, in your opinion? |
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Posted: 6/10/2009 5:36:06 PM EDT
[#40]
Quoted:
Quoted:
I still think we will see the numbers get worse than the 'Great Depression of the 30's' this summer. What "numbers" and what is going to happen, in your opinion? Just what I said .............the numbers that economists use to judge the condition of the economy. I think that by the middle / end of this summer , we will se that this country is in worse shape , numbers wise , than we were in the great depression of the 30's. As far as what will happen because of that ? Crime skyrocketing ......... lots of violent protests ...........businesses collapsing in record numbers........cities going bankrupt..........and a very looong cold winter. An apocalyptic Mad Max barter town scenario ? No..........but its not going to be pretty. America will have a big black eye at the end of it. 
But then again....you really didnt want a sane reply,did you.
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Posted: 6/10/2009 5:54:44 PM EDT
[#41]
I believe that given our current inability to sell bonds, we will see some serious problems by January of next year if the Feds have a negative balance at the end of this year.
We cannot keep operating like we are, and spending our way out of this will solve nothing. |
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Posted: 6/10/2009 5:56:54 PM EDT
[#42]
Quoted:
ahh... eta For my post 600 I'm going with collapse by Christmass or sooner. I'lll take bacon, beans, bullets and band-aids for $100 please. eta I didn't want to be the first one to post Karl but since no one else did: The Fed: Bankrupt There was a good TF thread over the last couple of days, regarding a weird market event Karl noticed. He thinks it might have been Bernanke pulling money again, and that we might be about to hit the skids again. For those who didn't see his alarm bells from last September 24th, the crash then was apparently triggered by Bernanke pulling money in and intentionally damaging the market in order to pressure Congress on TARP and AIG. |
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Posted: 6/10/2009 5:59:03 PM EDT
[#43]
In on one
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Posted: 6/10/2009 7:02:44 PM EDT
[#44]
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Posted: 6/10/2009 7:14:08 PM EDT
[#45]
Quoted:
what is the point of this????? you actually think there is someone here who can tell the future???? no one knows when its gonna happen. BUT HISTORY WILL REPEAT ITSELF. end of thread. no actuall reason to keep discussing this shit. stop feeding the troll/tinfoil hatters........ So your over at the old thread , bumping it? New Posts
How much time has to pass before Doom and Gloomers admit there will be no collapse??? ( Page: 2 3 4 ... 49 50 51 ) Remove Thread Enable Mail Alerts sherrick13 2505 56549 General General Discussion Today 8:25:41 PM EDT by AROKIE Last Post For what reason? Just to get it locked? grow up
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Posted: 6/10/2009 7:17:53 PM EDT
[#46]
Quoted:
Quoted:
what is the point of this????? you actually think there is someone here who can tell the future???? no one knows when its gonna happen. BUT HISTORY WILL REPEAT ITSELF. end of thread. no actuall reason to keep discussing this shit. stop feeding the troll/tinfoil hatters........ I kinda agree, since many of those who've spent years of their lives getting degrees in economics haven't provided us with much of a usable service lately.
Yet, you could argue your same point on the majority of threads found in GD. Mostly nonsense and repetition. That's because they're taught that debt equals wealth. You can live on borrowed money to an extent, but eventually some unforeseen event will bring it to a screeching halt. |
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Posted: 6/10/2009 7:25:47 PM EDT
[#47]
Can I eat my gold yet? In on one!
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Posted: 6/10/2009 7:30:27 PM EDT
[#48]
The two political parties have spent the years since World War 2 mortgaging this nations future for political gain.
The future is now. Welcome to it. |
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Posted: 6/10/2009 7:39:38 PM EDT
[#49]
Quoted: I actually left a fucking comment there jackass. did you not get enough of the tin foil hattery from the last thread?? I can still have a fucking opinion, sorry if you didnt like mine, but im not here to appease you. so if your feelings are hurt or whatever, well I cant help you....Quoted: what is the point of this????? you actually think there is someone here who can tell the future???? no one knows when its gonna happen. BUT HISTORY WILL REPEAT ITSELF. end of thread. no actuall reason to keep discussing this shit. stop feeding the troll/tinfoil hatters........ So your over at the old thread , bumping it? New Posts How much time has to pass before Doom and Gloomers admit there will be no collapse??? ( Page: 2 3 4 ... 49 50 51 ) Remove Thread Enable Mail Alerts sherrick13 2505 56549 General General Discussion Today 8:25:41 PM EDT by AROKIE Last Post For what reason? Just to get it locked? grow up but hey by all means keep your thread on the so called doom and gloom tin foil shinanigan bullshit going!! Maybe it could at the very least become interesting, or maybe even Entertaining!!! |
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Posted: 6/10/2009 7:45:13 PM EDT
[#50]
The end will come at some point, but who knows how long it will be? (Yes, this is the cheap out answer... if you have a beginning, you also get an end... at some point.)
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