Extremes

Rockstar · 11-26-08, 12:14 PM

Where is the economy going? Are we heading for a depression or will we print so much money and find ourselves shelling out $5,000 (hyper-inflation) for a cup of coffee?

I would think it would be obvious by now but all I hear are these two opposite extremes. Either deep depression or hyper-inflation. Anything in between as a possibility before this happens?

AVGWarhawk · 11-26-08, 01:08 PM

Recession? Already there and have been quite some time. It is now just global. No one wanted to admit it. Depression? I do not see the world going that deep. Just my thoughts on that matter.

wireman · 11-26-08, 02:03 PM

It's bound to happen. "The one world economy" experiment is not going to be as painless as its vacuum based theory would suggest.

Onkel Neal · 11-26-08, 02:52 PM

The US economy has been growing at a pace for the last 50 years that has never been matched in human history. No one should be surprised by periodic contractions. It is not the end of the world, buy Ford stock, make money in 10 years.

Rockstar · 11-26-08, 06:10 PM

Hi Neal I think you are quite correct in your assertion our economy is strong. I have been doing some research on my own. Though I am a far cry from understanding it as some here proclaim. According to one report on the prospects of the global economy I noticed that out of all the "high income" nations. The U.S. was singled out as the 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 bailout arseheaded ninnys both foreign and domestic because nobody else can.

So 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.

MothBalls · 11-26-08, 06:23 PM

Quote:

Originally Posted by Rockstar

So 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 at least we're trying.

Yep I like that. Thats my story and I'm sticking to it.

No good deed goes unpunished. Remember there are those who think everything we do is evil. There's even one forum member who's mad because his country didn't sell us enough BMW's last year to pay his governments social programs that put food on his table. Never mind the fact that if we weren't there for defense for 20 years, that country's capital would be full of gold coupla's. Surely I digress...

Don't forget that we still have a GDP of 14 Trillion. We may take a short term hit, hit a few bumps, but I wouldn't write us off yet. I think Americans do their best when the chips are down.

mapuc · 11-26-08, 06:51 PM

I'm convinced that something good will come out after this crisis.

Don't ask me what it is or will be

Markus

Skybird · 11-26-08, 07:45 PM

Quote:

Originally Posted by MothBalls

Quote:

Originally Posted by Rockstar

So 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 at least we're trying.

Yep I like that. Thats my story and I'm sticking to it.

No good deed goes unpunished. Remember there are those who think everything we do is evil. There's even one forum member who's mad because his country didn't sell us enough BMW's last year to pay his governments social programs that put food on his table. Never mind the fact that if we weren't there for defense for 20 years, that country's capital would be full of gold coupla's. Surely I digress...

Don't forget that we still have a GDP of 14 Trillion. We may take a short term hit, hit a few bumps, but I wouldn't write us off yet. I think Americans do their best when the chips are down.

If you want to have a shot at me, do it in the open - do not hide behind some unconvincing manouver in the shadow and giving an impressison to be too decent and polite to mention names - everybody reading you knows that you mean me. Being a bully is one thing, but not standing to it, and instead weaseling around in the shadows - that is not just unwanted, but leaves a pitiful impression.

And next do a little math concerning what is left of a GDP of 14.3 trillion after substracting your debts of 10.x trillion - and what that would mean for your budget and public sector functionality. You are living on tick, much more than anybody else in the world. And 40 years of troops stationed in Germany have nothing to do with that, and thus are no argument here.

Rockstar · 11-26-08, 10:15 PM

Quote:

Don't forget that we still have a GDP of 14 Trillion. We may take a short term hit, hit a few bumps, but I wouldn't write us off yet. I think Americans do their best when the chips are down.

I hope so, because right now it seems like watching virgins being thrown into a volcano to save the island.

Onkel Neal · 11-27-08, 02:11 AM

Quote:

Originally Posted by Rockstar

Hi Neal I think you are quite correct in your assertion our economy is strong. I have been doing some research on my own. Though I am a far cry from understanding it as some here proclaim. According to one report on the prospects of the global economy I noticed that out of all the "high income" nations. The U.S. was singled out as the 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 bailout arseheaded ninnys both foreign and domestic because nobody else can.

So 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.

I don't claim to understand all there is to know about economics, but the historical view is reassuring. The standard of living in the US is quite good, and work ethic is second to none. We have some serious issues to address, but I know we can do it. I have no doubt we will do it.

Onkel Neal · 11-27-08, 02:22 AM

Yo, here's a nice summary of the bailout allotments and plan.

Frame57 · 11-28-08, 01:47 PM

My Granddad raised 12 kids during the great depression. Times were tough, but it seems the people were tougher than the times. There was no welfare, SSI or disability or unemployment, just the steel mills that payed about 35 cents an hour. they valued family and friends then and never worried about money because there wasn't any to worry about. But they made it through those times and we are very far from such a scenario, but you would think that we are because folks may have to wait a couple a paychecks to buy that 42 inch TV or the next blackberry or whatever.

The housing markets certainly need to be addressed. I am in favor of this. When an average home in some industrial areas is about 400K and up, is it any wonder that the unions bark for higher wages? Affordable housing has to be in reach in these areas, so that the companies can compete with the world market. there has to be a balance in the cost of living and wages earned. The days of making 60 bucks an hour are over for the big three, when Toyota or any of the others are paying 25 or so.

11-26-08, 12:14 PM	#1
Rockstar In the Brig Join Date: Nov 2002 Location: Zendia Bar & Grill Posts: 12,614 Downloads: 10 Uploads: 0	Extremes Where is the economy going? Are we heading for a depression or will we print so much money and find ourselves shelling out $5,000 (hyper-inflation) for a cup of coffee? I would think it would be obvious by now but all I hear are these two opposite extremes. Either deep depression or hyper-inflation. Anything in between as a possibility before this happens?

11-26-08, 01:08 PM	#2
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 28,254 Downloads: 90 Uploads: 0	Recession? Already there and have been quite some time. It is now just global. No one wanted to admit it. Depression? I do not see the world going that deep. Just my thoughts on that matter. __________________ “You're painfully alive in a drugged and dying culture.” ― Richard Yates, Revolutionary Road

11-26-08, 06:10 PM	#5
Rockstar In the Brig Join Date: Nov 2002 Location: Zendia Bar & Grill Posts: 12,614 Downloads: 10 Uploads: 0	Hi Neal I think you are quite correct in your assertion our economy is strong. I have been doing some research on my own. Though I am a far cry from understanding it as some here proclaim. According to one report on the prospects of the global economy I noticed that out of all the "high income" nations. The U.S. was singled out as the 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 bailout arseheaded ninnys both foreign and domestic because nobody else can. So 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. Last edited by Rockstar; 11-26-08 at 06:12 PM.

11-26-08, 02:03 PM	#3
wireman Sparky Join Date: Aug 2003 Posts: 155 Downloads: 18 Uploads: 0	It's bound to happen. "The one world economy" experiment is not going to be as painless as its vacuum based theory would suggest.

11-26-08, 02:52 PM	#4
Onkel Neal Born to Run Silent Join Date: Jan 1997 Location: Cougar Trap, Texas Posts: 21,383 Downloads: 541 Uploads: 224	The US economy has been growing at a pace for the last 50 years that has never been matched in human history. No one should be surprised by periodic contractions. It is not the end of the world, buy Ford stock, make money in 10 years.

11-26-08, 06:51 PM	#7
mapuc CINC Pacific Fleet Join Date: Sep 2003 Location: Denmark Posts: 20,537 Downloads: 37 Uploads: 0	I'm convinced that something good will come out after this crisis. Don't ask me what it is or will be Markus

11-27-08, 02:22 AM	#11
Onkel Neal Born to Run Silent Join Date: Jan 1997 Location: Cougar Trap, Texas Posts: 21,383 Downloads: 541 Uploads: 224	Yo, here's a nice summary of the bailout allotments and plan.

11-28-08, 01:47 PM	#12
Frame57 Sea Lord Join Date: May 2008 Location: 1300 feet on the crapper Posts: 1,860 Downloads: 2 Uploads: 0	My Granddad raised 12 kids during the great depression. Times were tough, but it seems the people were tougher than the times. There was no welfare, SSI or disability or unemployment, just the steel mills that payed about 35 cents an hour. they valued family and friends then and never worried about money because there wasn't any to worry about. But they made it through those times and we are very far from such a scenario, but you would think that we are because folks may have to wait a couple a paychecks to buy that 42 inch TV or the next blackberry or whatever. The housing markets certainly need to be addressed. I am in favor of this. When an average home in some industrial areas is about 400K and up, is it any wonder that the unions bark for higher wages? Affordable housing has to be in reach in these areas, so that the companies can compete with the world market. there has to be a balance in the cost of living and wages earned. The days of making 60 bucks an hour are over for the big three, when Toyota or any of the others are paying 25 or so.