Economic Depression Ahead

[Lammie]

I don't give a care about what he says. It's the way he says it. Like he's wanting it to happen so he can dance around laughing about being right. Don't be so dam gleeful about it.

And HS, I don't give a crap if you are polite to me or not.

I wrote that in italics so you can read it.

 

[HerefordSire]

I appreciate that post, Herefordsire.

I am also like Jo-- I've got a plan.

I also think a lot of people are going to be sorry they are getting what they asked for, check out my new signature line.

TY. If you feel like sharing, I would like to hear your plan.

 

[farmwife]

It just annoys me to no friggin end how you seem to delight in forecasting doom. Honest to God, Spock, no one really cares to hear you spread this stuff. With your graphs and your out of context quotes, you really remind me of some kid who never got picked for the team so he sat around wishing that everyone would burst into flames and you had the only extinguisher.

So what if there is a Depression? Would that make you happy, somehow? Beause I gotta share with you that this is how you come off. It is almost like you want something of this magnitude to occur, just so you could say, "I told you so!"

No one likes a know it all. Especially when that know it all seems to be so delighted at the prospect of a Depression. My parents both lived through The Great Depression. I doubt if you can wrap your mind around living in Dustbowl Oklahoma as a tenant farmer. Well, my dad did. I am not going to stand by and listen to you tear down the system that he helped to build up again while you wring your hands in delight.

They only thing I place my trust in is the Lord God Almighty. You are an insignificant little speck of dust. Stop pushing your agenda. I'm just sick to death of it.

I agree Lammie. My dad once said that he would live to see a second Depression. But, he doesn't dwell on it, he just keeps his faith in God.

The first time around he had to provide for his mother and 5 siblings after losing his dad to a heart attack in 1932. Get this, his dad died of a heart attack putting up hay on Christmas Eve (times were tough). He attended 5th grade 3 years and finally just quit. He fed his family, paid off land that his dad had just purchased, and made sure all 5 siblings graduated from high school.

I too agree that a Depression is on the way, but God will sustain me one way or another.

 

[HerefordSire]

I appreciate that post, Herefordsire.

I am also like Jo-- I've got a plan.

I also think a lot of people are going to be sorry they are getting what they asked for, check out my new signature line.

I think the sig line is unpatriotic and a bit too political, if you ask me. But this is America and you have the freedom to speak as you please, unlike other people. We have what we have. Whether you are happy with it or not makes no difference.

Does having the freedom to speak include me? Whether we are happy with it or not, does that include you? :mrgreen:

 

[dun]

I don't give a care about what he says. It's the way he says it. Like he's wanting it to happen so he can dance around laughing about being right. Don't be so dam gleeful about it.

And HS, I don't give a crap if you are polite to me or not.

I wrote that in italics so you can read it.

There is a simple solution, don;t read his posts. Irarely do and don;t feel I've missed anything that will affect my life.

 

[HerefordSire]

I agree that Herf can be annoying; but he is NOT alone in his technical analysis. It took about $2 trillion federal dollars (the bailout plus treasury lending) to keep us from having a pre-election bank meltdown and we still lost Bear, Lehman, WAMU, Indiemac, Freddie, Fannie, and pretty much AIG and Wachovia. Americans bought 17 million new autos ~3 years ago.....we are likely to finish 2008 purchasing only 11 million and 2009 is forecast to be worse. Mastercard and Federal Express both posted losses which (given the interest rates they charge) can only mean that the citizenry is too poor to pay their bills, which gives me little hope for a recovery in housing where most of the builders are on the verge of bankruptcy. It is a lot worse in the Ukraine, Belarus, Argentina (the nitwhit they elected is worsening that situation by the day), and Turkey. Everybody else is feeling the effects to one degree or another. Even the Chinese economy is slowing some. I am not ready too jump on the depression band wagon; but I don't believe that the stock market hit bottom at 8400 and we haven't felt the effects of all these layoffs yet on corporate profits. 2009 is going to be a very bad year. Is it going to be a 1929??? I don't think so; but I think there are few left alive who will remember a worse year economically

Like I wrote, I don't know "when". The "when" could occur 100 years from now. When the "when" does come, it could be easily be allot worse than 1929 and standing in bread lines. The signs are on the wall. It is up to you to interpret them in a projected way for you and your own family. Not too many people are accurate is estimating what is likely to happen. Usually we look in the past to see what happened and then project the same or similar pattern into the future. This doesn't always work though and the events that are occuring now are not recorded in history. I have spent most of my like researching financial markets. We are ripe for the pickings and very vulnerable right now.

 

[HerefordSire]

I don't give a care about what he says. It's the way he says it. Like he's wanting it to happen so he can dance around laughing about being right. Don't be so dam gleeful about it.

And HS, I don't give a crap if you are polite to me or not.

I wrote that in italics so you can read it.

We obviously do not want to go through a depression. The data we study has nothing to do with what we want or need. Bad times are coming. Will probably start with Italy and Spain. Others will try to bail them out similar to Iceland. Watch out for Russia.

 

[TexasBred]

Like I wrote, I don't know "when". The "when" could occur 100 years from now. When the "when" does come, it could be easily be allot worse than 1929 and standing in bread lines. The signs are on the wall. It is up to you to interpret them in a projected way for you and your own family. Not too many people are accurate is estimating what is likely to happen. Usually we look in the past to see what happened and then project the same or similar pattern into the future. This doesn't always work though and the events that are occuring now are not recorded in history. I have spent most of my like researching financial markets. We are ripe for the pickings and very vulnerable right now.[/quote]

Mercy, all that technical BS and then followed with "I don't know". That's like listening to a TV preacher telling you the end is near....maybe not today, maybe not in our lifetime, "but soon".....maybe a palm reader would be more "technically correct".........what a crock of $hit

 

[john250]

Most economists have predicted 5 of the last 2 recessions. It is called "the dismal science" for a reason.

 

[Chris H]

I appreciate that post, Herefordsire.

I am also like Jo-- I've got a plan.

I also think a lot of people are going to be sorry they are getting what they asked for, check out my new signature line.

I think the sig line is unpatriotic and a bit too political, if you ask me. But this is America and you have the freedom to speak as you please, unlike other people. We have what we have. Whether you are happy with it or not makes no difference.

I think it's my patriotic duty to warn against socialism. And out of respect to the owner of this board I made no reference to any political candidate or any political party. How you interpreted my statement reflects on you.

I'd also like to comment on your 'trust in God' routine you gave HerefordSire. I agree about trusting in God, but the heroes among the 10 virgins were the 5 ladies who planned ahead. Throughout the Bible the people held up as examples to follow always prepared the best they could, while trusting God. Don't read HS if you get offended by what he posts. I know you're not the only one. But I don't remember HS ever being on the attack and deliberately writing offensive things just to offend people.

 

[HerefordSire]

Chris...you know, I never personally attack, and if anything, I am there doing the opposite and helping the attacked much like you are right now, almost making it an even conflict at times for the posters being attacked. This is a very special quality you have and your husband is very fortunate. I felt sorry for several people that were picked on by many of the same group that is attacking me (not all, just some). I guess they still remember and are taking this opportunity to attack me, which is fine, as it allows everyone to see their true color personalities. Some of us just don't like prophecy because of consequential fear of the unknown. Look what happened to many in the bible that were persecuted as the result of their prophecy. The bystanders wanted to know "when" an event would occur, as it did them no good without this knowledge. If one were to warn of a famine lasting for seven years and to fill the gain silos to last for seven years, many would make fun or maybe even stone the teller. It is difficult to face fear if we don't know where the fear exactly is located. We can't touch it or taste fear, yet we have the cruel heart to type it, especially when our peers join us. Yes, many here may be fearful and maybe we are bringing it to light. True courage is rare. TY.

 

[HerefordSire]

Mercy, all that technical BS and then followed with "I don't know". That's like listening to a TV preacher telling you the end is near....maybe not today, maybe not in our lifetime, "but soon".....maybe a palm reader would be more "technically correct".........what a crock of $hit

The first four words of my initial thread post provided the "when" disclaimer very clearly.

 

[Lammie]

Chris, with all due respect, that is your opinion and I will defend your right to say it. That is what makes the country great. Your sig line isn't any more or less political than those of others, so let it rest at that.

As for the other, I don't believe that yelling fire in a crowded theater is covered under free speech. And if I am going to seek out financial advice, I certainly am not going to look for it from some cryptic guy about whom I know nothing, on the cattle boards. If I have a question about animals, neighbors, or recipes, then this is my go to place. I greatly respect and admire some of the individuals who post here and consider this to be an extended family, occasionally disfunctional as it is.

I think that there are some here who like to post to see their own writing and to share what they regard as their pithy wit and knowledge. I will no longer give attention to that particular individual and greatly encourage others to do the same, for what that is worth. Thanks, Dun. You are right.

My faith is God is in trusting Him to guide my daily life and to give me the ability to see things clearly and plan accordingly. I am also a great believer in that still, small voice within me that tells me when something stinks. I have learned, sometimes the hard way, to listen to it.

 

[john250]

I think that there are some here who like to post to see their own writing and to share what they regard as their pithy wit and knowledge.

I'm busted.

 

[HerefordSire]

According to the following photo, the probabilities of housing falling much further is very likely. Look where it is compared to the 1930s depression.

 

[Chris H]

HerefordSire, where did you find the housing index chart? Do they have one that compares income & the food index for the same period?

 

[HerefordSire]

HerefordSire, where did you find the housing index chart? Do they have one that compares income & the food index for the same period?

No, there was not one there. It was on a web site comparing the great depression to the coming depression. However, I am sure I can get you one. Give me a day or two or so.

 

[HerefordSire]

In the following photo, you can see the 1929 peak of the Dow Jones Industrial Average (look closely). Then look at the peak at the end of 2007 (real-estate bubble) and at the end of 2000 (dot.com bubble). The odds are in favor of at least returning to the median which would obliterate our 401K retirement accounts if they were invested in large cap stocks.

 

[Brandonm22]

I think that there are some here who like to post to see their own writing and to share what they regard as their pithy wit and knowledge.

I'm busted.

I think he got me too with that one.

 

[Brandonm22]

HF posts what he THINKS is going to happen and trys to find charts and graphs that provide support for what he thinks. HF very well could be wrong about what is going to happen. Without knowing what fed money policy, U.S. fiscal policy, the diplomatic/military situation around the world, or the weather is going to be we really are just guessing. If you think that the Obama years will be a great boon to the nation and that stocks, wages, employment, real estate values (if anybody is interested in buying anything they haven't called me since mid Sept), then say that and try to find support for that position. I for one would like to be convinced that we aren't in a severe recession by April and don't see DOW 5000.