Extremes

[Rockstar]

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]

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]

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]

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]

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]

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.

[Onkel Neal]

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.