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No doubt one may quote history to support any cause, as the devil quotes scripture.
-- Learned Hand
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Not a good graph.
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Relative to peak month... that could mean that our peak month was much higher and therefore had farther to fall, yes?email: [email protected]Comment
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You think that graph is scary? Here's an ex-Walmart cart pusher in the year 2012.
It's coming.
Last edited by bronco67; 02-10-2009, 07:38 PM.
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Yeah, I'm pretty sure unemployment was higher in the last couple of years of Carter and the first of Reagan. The graph kinda shows the big rise in unemployment because we had the lowest unemployment in history for the last 10 years or so. Despite the hysteria, things aren't as bad as they were in 1979, 80, 81, and 82 ...YET
But just let the govt. keep trying to "fix" this with made up money that is going to cripple us for years in national debt...and I'm sure that they will make it a lot worse before they are done.
When there was a depression in 1920 the govt. left it alone. It bottomed out and within a year we were in the "Booming 20's" Then in 1929 when the market crashed, the govt. and the Fed stepped in to "fix" it. The result was that we had the GREAT depression that lasted until WW2 started. Over a DECADE.
I don't believe for one second that the fed or the govt. can fix anything. It's a cycle and the more they do this shit, the longer they will prolong it. Just like in 1929. And just like the Japanese have done recently.
-Robbie
ClaudiaMarie.ComComment
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If they did nothing in oct the banking sector would of collapsed. For people whose living depends on credit cards that would of been very bad. The great depression thing isnt true either.Yeah, I'm pretty sure unemployment was higher in the last couple of years of Carter and the first of Reagan. The graph kinda shows the big rise in unemployment because we had the lowest unemployment in history for the last 10 years or so. Despite the hysteria, things aren't as bad as they were in 1979, 80, 81, and 82 ...YET
But just let the govt. keep trying to "fix" this with made up money that is going to cripple us for years in national debt...and I'm sure that they will make it a lot worse before they are done.
When there was a depression in 1920 the govt. left it alone. It bottomed out and within a year we were in the "Booming 20's" Then in 1929 when the market crashed, the govt. and the Fed stepped in to "fix" it. The result was that we had the GREAT depression that lasted until WW2 started. Over a DECADE.
I don't believe for one second that the fed or the govt. can fix anything. It's a cycle and the more they do this shit, the longer they will prolong it. Just like in 1929. And just like the Japanese have done recently.
http://www.ourfuture.org/blog-entry/...dr-failed-mythLast edited by tony286; 02-10-2009, 08:10 PM.Comment
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median housing prices = too high
world population = too many
interest on US debt = greater than taxes collected
etc etc etc
you can go by history on this one.. too many factors that have never been seen before..
either the world govts are going to figure out how to free up the credit markets or we are going to feel pain worldwide that is greater than the depression or the world wars.
i talked to a truck driver the other night, 20,000 independent drivers turned in their trucks last year because they cant get enough days of work to pay expenses.
he told me he was lucky driving 3-4 days a week. he said a lot of guys only getting 1-2 days..
now, read into what that means past truck drivers. we are talking about manufacturing, wholesale/retail etc etc...
everything down... i am hoping that things turn around this year, but i am seeing more and more that indicates it wwill not...Comment
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It doesn't look good for developing countries as well. 2cComment
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I'm sorry but 1990 and 2001 compared to today? That's just retarded.
Compare that shit to the real recessions.
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that look scary
I dont exchange money! Comment
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indeed... saw that earlierComment
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it`s fucked upComment
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the green line needs some viagra right nowComment
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Well said.Yeah, I'm pretty sure unemployment was higher in the last couple of years of Carter and the first of Reagan. The graph kinda shows the big rise in unemployment because we had the lowest unemployment in history for the last 10 years or so. Despite the hysteria, things aren't as bad as they were in 1979, 80, 81, and 82 ...YET
But just let the govt. keep trying to "fix" this with made up money that is going to cripple us for years in national debt...and I'm sure that they will make it a lot worse before they are done.
When there was a depression in 1920 the govt. left it alone. It bottomed out and within a year we were in the "Booming 20's" Then in 1929 when the market crashed, the govt. and the Fed stepped in to "fix" it. The result was that we had the GREAT depression that lasted until WW2 started. Over a DECADE.
I don't believe for one second that the fed or the govt. can fix anything. It's a cycle and the more they do this shit, the longer they will prolong it. Just like in 1929. And just like the Japanese have done recently.Comment
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