Vacant Malls

[grannysoo]

economic depression and mental depression aint even close

I am not going to participate in a mental depression.

 

[alacattleman]

economic depression and mental depression aint even close

I am not going to participate in a mental depression.

some folks have no choice in the matter

 

[grannysoo]

Some economic news from man that kept America floating for as long as it did:

http://www.bloomberg.com/apps/news?pid= ... SDHcHHwkBE

Sept. 30 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said he sees the U.S. economy slowing next year as the surge in stocks comes to an end.

"The odds are we flatten out," Greenspan said today in a Bloomberg television interview, referring to the equity market. "That flattening out will put some sort of dull face on 2010."

Greenspan said he expects the economy to grow at a 3 percent to 4 percent annual pace in the next sixth months before slowing down. As a result, unemployment isn't likely to decline much from last month's 9.7 percent rate, he said. Even so, he doesn't expect the economy to relapse into recession next year.

The world's largest economy shrank at a 0.7 percent annual rate from April through June, the best performance in more than a year, the Commerce Department said today. An unexpected decline in a gauge of business activity released today, along with a private report showing employers cut more jobs than forecast, indicate a recovery may be slow to take hold.

The Standard & Poor's 500 Index has jumped 57 percent since its low for the year on March 9, an ascent that's had a "very positive" impact on the economy, Greenspan said.

The stock index was down 0.2 percent to 1,059.13 at 1:44 p.m. in New York after falling as much 1.3 percent following the reports from the Institute for Supply Management-Chicago Inc. and ADP Employer Services.

Growth will be boosted in coming months by the inventory cycle as companies bring stockpiles of goods into line with sales, Greenspan said. The former Fed chief said the economic recovery won't prevent continued downward pressure on consumer prices.

'Disinflationary Environment'

"We are still by any measure in a disinflationary environment," said Greenspan, 83.

Consumer prices have fallen for six straight months from year-earlier levels, the longest stretch of declines since a 12- month drop from September 1954 to August 1955, according figures from the Labor Department.

Greenspan said there's a longer-term risk that inflation will accelerate if the Fed fails to rein in the stimulus it has pumped into the economy, adding that the central bank's $2 trillion balance sheet is "not sustainable."

He also voiced concern that political pressure would prevent the Fed from taking actions necessary to keep consumer prices in check.

 

[john250]

By the way, after the wifes grandparents died, we were left with the job of cleanup. If we found 1, we found 1000 empty glass jars (mayo type) up in the attic. Founds hundreds of bread sacks with ties too.

Folks that went through the great depression never forgot it.........

My grandmother left McDonald's styrofoam clamshells. I don't think she even had an idea of what to do with them, just the thought that "someday I may need that". Probably 30 or 50 of them in her basement. And canned food that was way old.
She raised her family in the depression.

 

[GMN]

What do you think about turning vacant malls into homeless shelters if the unemployment rate hits 30%?

The neighbors would throw a fit, that whats they did in Springfield, didn't want another homeless shelter being put up in their neighborhood. I guess they just want them to freeze to death on the streets instead. Lets not forget that some poeple who are homeless are new to it, once they had a nice house a good job, and now are living in their cars or in shelters, its a sad thing.

GMN

 

[grannysoo]

What do you think about turning vacant malls into homeless shelters if the unemployment rate hits 30%?

The neighbors would throw a fit, that whats they did in Springfield, didn't want another homeless shelter being put up in their neighborhood. I guess they just want them to freeze to death on the streets instead. Lets not forget that some poeple who are homeless are new to it, once they had a nice house a good job, and now are living in their cars or in shelters, its a sad thing.

GMN

You would have some that would work out just fine, and you would have others that would turn into the SuperDome after Katrina. Throwing massive groups of people together during a disaster could be a disaster within itself.