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USA Economic Depression Thread
02-24-2016, 01:02 PM
I thought they called it a recession.
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USA Economic Depression Thread
02-24-2016, 01:04 PM
But Obama said unemployment was below 5%
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USA Economic Depression Thread
02-24-2016, 01:51 PM
The real unemployment numbers are between 15% and 25%, depending on whether you count underemployment.
There's plenty of data massaging done by the government to make current politicians look good.
We've been in a depression since 2008.
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USA Economic Depression Thread
02-24-2016, 02:00 PM
We have headed into a drastic slow down. The oil collapse is a huge blow. Wait until housing and auto sales collapse. We need Trump now.
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USA Economic Depression Thread
02-24-2016, 02:03 PM
All they've done is kick the can down the road while spending more. The fundamentals of the economy are fucked.
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USA Economic Depression Thread
02-24-2016, 02:12 PM
I am very surprised the U.S. stock market is as high as it is right now. I am not surprised that it has plateaued and has been consistently volatile (day to day) compared to the last 20 years. I have some family in high finance. It really feels like no one knows what is going on.
Any answers I have gotten are really just bullshit, no confidence behind any answers because there is no easy answer. This goes doubly for increasing debt, it is like people want to imagine it does not exist and that it isn't even a factor, let alone talks about negative interest rates.
How can intelligent people rationalize this?
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USA Economic Depression Thread
02-24-2016, 02:22 PM
To the forum economic gurus... whats the maximum debt the US can sustain? What happens when we hit it?
“There is no global anthem, no global currency, no certificate of global citizenship. We pledge allegiance to one flag, and that flag is the American flag!” -DJT
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USA Economic Depression Thread
02-24-2016, 03:47 PM
Travesty - The stock market is artificial propped up by the Federal reserve's QE policies - where new money is created with nowhere to go, so they buy assets (stocks, real estate). That's why these rise in price despite a shitty economy. It's all artificial, a farce, not real. It has nothing to do with mainstreet or the economy in general. It's fixed. A Ponzi scheme.
Oil should probably be in the 20s right now, as we have a huge glut and oversupply combined with weak demand. 'magically' the price is still hovering above 30 a barrel.
Brokerages, business news, and government are lying to keep the charade going. I think we have a long way to fall and most peoples' 401k's are in serious jeopardy of getting fucked.
Many of those underfunded public pensions - what funding they do have, is in the stock market. So if the market falls another 10% or more imagine how bad all those teachers, firefighters, police, etc.. will get fucked as well. I wouldn't believe anything the news tells you at this point. It seems they've descended into lying about everything now.
The only companies making money now are bankruptcy attorneys. The oil patch was a source of strength but that's gone now too.
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USA Economic Depression Thread
02-24-2016, 03:49 PM
A recession is when your neighbor loses their job.
A depression is when you lose yours.
We've been there a while.
"Until the day when God shall deign to reveal the future to man, all human wisdom is summed up in these two words,— 'Wait and hope'."- Alexander Dumas, "The Count of Monte Cristo"
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USA Economic Depression Thread
02-24-2016, 03:50 PM
^^ Yeah I have been in cash since the August dip. I wish I would have gotten out early last summer at a higher place.
I only have maybe 10% in mostly decent dividend stock.
Waiting to jump in once DOW is under 12,000 maybe under 10,000 who knows though.
What if Trump gets in and everyone has more confidence? The stock market may steadily and slowly go up from here especially if he can turn the ship around on the national debt and created an annual surplus to pay it down however slowly.
Now if Sanders somehow won, I would definitely stay in cash to see what budgetary hell he would create.
SENS Foundation - help stop age-related diseases
Quote: (05-19-2016 12:01 PM)Giovonny Wrote:
If I talk to 100 19 year old girls, at least one of them is getting fucked!
Quote:WestIndianArchie Wrote:
Am I reacting to her? No pussy, all problems
Or
Is she reacting to me? All pussy, no problems
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USA Economic Depression Thread
02-24-2016, 03:58 PM
The scary thing to consider is that whatever shitty state we are in today, that shitty state is artificially sustained by massive debt levels and zero (or negative) interest rates in the entire developed world. We should be doing a lot, lot worse, and eventually we will. The music is going to stop and the debt will have to be serviced, to believe otherwise is to believe that pyramid schemes are actually sustainable indefinitely and thus aren't really pyramid schemes. But they are.
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USA Economic Depression Thread
02-24-2016, 04:26 PM
I'm actually pretty optimistic being in my 20's. At this point I'm almost positive that Trump becomes
president, which will immediately bring the collective optimism up of the country. I also think a ton
of jobs are going to be created with the new technology coming out in the next 10-15 years like;
Elon Musk's hyperloop, and nanotechnology.
The people that need to worry are the boomers and super old people. The stock market is most likely
going to have a pretty big correction in the next year to few years which will wipe out a lot of value in
401k's. This will only help out my generation even more since stock prices will be at much better values
than they currently.
When Trump wins, this will be the beginning of the greatest generation ever to be alive. I'm super pumped
about the future. If Hillary or Bernie wins, then forget everything i've said.
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USA Economic Depression Thread
02-24-2016, 05:01 PM
The situation is going to get worse, not better. Trump is the canary in the coal mine and personally if he wins it will position the US to better handle the storm. Europe will be ground zero for WW3. Expect a European sovereign debt crisis in 2017 which does away with liberal utopian dreams that Europe is a paradise. Europe will collapse under the weight of its socialism and liberals in the US will see what happens when you finally run out of the other person's money.
2024 will be the culmination of it all.
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USA Economic Depression Thread
02-24-2016, 05:16 PM
I'm curious to know why so many people think that Trump will be the answer to this country's economic issues? as of right now it's talk with no proven way of implementing the talk. I'm not pro Hilary or Bernie at this point either.
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USA Economic Depression Thread
02-24-2016, 05:18 PM
^ He is the only one with the balls to shore up the budget into a surplus by putting a public spotlight on wasteful spending and going after people personally and their reputations vs. spitting out platitudes.
He also won't be afraid to sick his Attorney General on anyone and everyone.
SENS Foundation - help stop age-related diseases
Quote: (05-19-2016 12:01 PM)Giovonny Wrote:
If I talk to 100 19 year old girls, at least one of them is getting fucked!
Quote:WestIndianArchie Wrote:
Am I reacting to her? No pussy, all problems
Or
Is she reacting to me? All pussy, no problems