Recession/Depression

[DavidC]

So I have heard this a few times lately from Financial people that a recession/depression is imminent and will far out weigh the last. China has been printing money like there is no tomorrow and the chickens are coming home to roost. The stock market has been very dismal lately and with the debt the U.S. has right now if this is true it will probably be very nasty. Comments ?.

Dave

 

[fest3er]

The stock market is almost always dismal this time of year.

As you travel 200 years back in time, you will see that 'recession' replaced 'depression', and 'depression' replaced 'bank panic' because "they" thought that the older terms were too negative, too alarming. Late this past week, there was a large drop in one market index or another and a huge spike in volume; that pert near spells panic. Come to think of it, maybe what "they've" done is move the panics from people rushing their banks to investors rushing their brokers. Or moved speculation away from currency into stocks and other commodities.

We've been in a depression for some time now; a lot of people just don't have disposable funds because their wages have not kept pace with the decreasing value of the dollar. Thus spending is down, hiring is down, wages are down, profits are down, research is down, new product development is down. The only reason 'prices' are up is because it takes so many more dollars to buy the same stuff.

Yellow metal. 2000 years ago, an ounce of gold got you new clothes and got you all cleaned up and transported so you could visit your government representatives. Today, an ounce of gold yields about the same.

 

[The patriot]

I've been hearing the same thing.
"25 yr depression" is the term I've heard used.