today was a sign that a New Great Depression is upon us.

Just check any news source now.

we've been in a recession for a while now i believe, they keep telling is we're not, and now look at it. this is the turning point, we're really headed for it now.

http://www.drudgereport.com/

Link leads right back to this thread.aliblabla2007

i hate when people complain about links not working, just copy and paste the url lazy bones

The Great Depression occured because of incredible stupidity on so many levels. Thats not going to happen here.

i agree there is going to be another depression but it will be world wide this time because of the global marketpsn_Jaimzl

The last one was more or less world wide.

The Great Depression occured because of incredible stupidity on so many levels. Thats not going to happen here.

[QUOTE="psn_Jaimzl"]i agree there is going to be another depression but it will be world wide this time because of the global marketSajo7

The last one was more or less world wide.

The great depression was back when everyone were country bumpkins. We got rednecks now.

Haha, jk, i don't think it'll be a great depression, and quite honestly, I don't like how Bush addressed the US the other day about how this is one of the most awful things to happen.

It'll be a challenge, and the cure may be hard at first, but it's not the end of the world like he made it out to be.

The Great Depression occured because of incredible stupidity on so many levels. Thats not going to happen here.

[QUOTE="psn_Jaimzl"]i agree there is going to be another depression but it will be world wide this time because of the global marketSajo7

The last one was more or less world wide.

o so theres not incredible stupidity on so many level anymore?! who are you kidding?

Current Unemployment Rate: 6.1%

Average Unemployment Rate During the Great Depression: around 17%

Something tells me we aren't in danger of another Great Depression. Especially since the Federal Reserve is much more knowledgeable then it was during that time period. You've been a victim of media sensationalism. Anything to sell a story...

It will get worse when O'Drama gets in there and starts raising taxes.

The great depression was back when everyone were country bumpkins. We got rednecks now.

Haha, jk, i don't think it'll be a great depression, and quite honestly, I don't like how Bush addressed the US the other day about how this is one of the most awful things to happen.

It'll be a challenge, and the cure may be hard at first, but it's not the end of the world like he made it out to be.

Squall18

you don't know what you're talking about. this could be wrose then what bush said at all.

the market just reported the largest downside in history because the "done-deal" crock called the bailout wasn't approved by congress.

So what's the difference now :|JIT93

The difference is now there's no mad rush to the banks by panicked citizens determined to withdraw their entire life's savings.

Current Unemployment Rate: 6.1%

Average Unemployment Rate During the Great Depression: around 17%

Something tells me we aren't in danger of another Great Depression. Especially since the Federal Reserve is much more knowledgeable then it was during that time period. You've been a victim of media sensationalism. Anything to sell a story...

Jocubus

no dude, one of the biggest factors of todays events will be more jobs lost. i bet you over the next week or 2 the unemployment rates are going to look bad.

bring it ON!, republicans brought it on themselves.Xxgood-timesXx

Dude, seriously that is just ignorant, I mean it appears so, but democrats have been in control for a while, and we are still in a depression. So obviously democrats dont know what to do either, in fact it got even worst even though democrats got into the office, but I am not going to say democrats made it worst, it is the complexity of the situation, I dont think either side really is to blame. But yeah, Bush did elect a lot of bad leaders, I dont know if he is bad himself at heart.

Man I really did not want to have to log on to say this, you annoy me

Wow, always lots of drama in this board.

One week it's all "LHC will kill us all", then it's "The Economy is gonna crash and make us all poor"... I wonder what we'll be scared of next week.

yep..a depression is here...YAY!

MOVE TO AUSTRALIA!

maybe sell your house and buy a lifetime of food supplys

or...ignore it

[QUOTE="Xxgood-timesXx"]bring it ON!, republicans brought it on themselves.SegaGenesisfan

Dude, seriously that is just ignorant, I mean it appears so, but democrats have been in control for a while, and we are still in a depression. So obviously democrats dont know what to do either, in fact it got even worst even though democrats got into the office, but I am not going to say democrats made it worst, it is the complexity of the situation, I dont think either side really is to blame. But yeah, Bush did elect a lot of bad leaders, I dont know if he is bad himself at heart.

Man I really did not want to have to log on to say this, you annoy me

but this is all comes down to one thing, the government continually makes these problems, they only get worse, and then people expect the government to come up with a solution to fix this problem. its a vicious circle.

this government is WAY too big right now and has WAY too much power.

Wow, always lots of drama in this board.

One week it's all "LHC will kill us all", then it's "The Economy is gonna crash and make us all poor"... I wonder what we'll be scared of next week.

Hungry_bunny

next you'll still be worried about the economy.

all i am saying is that for while now people have been predicting, or outright claiming that we are already in a recession.

this whole bailout is absurd.

the markets did aweful today.

no things won't really change for the time being. so stop being sarcastic and saying stuff like, nah i dont see anyone in soup lines yet.

i think today was the first big clue.

millions of people are watching this today and thinking in the coming weeks to themselves, man am i going to lose my job?

I don't see that happening....LJS9502_basic

Nor do I. Times have changed. The world is a very different place from what it was in the 30s. For one thing, the whole world is no longer dependent on the US economy, because China and India have become much more prominent. So the old adage that "when the US economy sneezes the world catches a cold" may no longer be true. And for another thing, measures were implemented after the stock market crash in the 30s to prevent it from happening ever again. So you can't have everybody instantaneously panic selling everything and thus paralyzing the entire economy.

This isn't a good situation... but people need to stop being so melodramatic about it. This doomsday nonsense is nauseating.

The Great Depression occured because of incredible stupidity on so many levels. Thats not going to happen here.

[QUOTE="psn_Jaimzl"]i agree there is going to be another depression but it will be world wide this time because of the global marketSajo7

The last one was more or less world wide.

that last depression only affected NA and Europe (Black Monday) because their economies were closely linked together. Now we have a global market that all trades are linked together affecting the world as a whole. for example Japan Canada UK China Russia and India are all feeling the same effects from this right now.

OH GOD WE'RE ALL GONNA DIE.

Somehow I'm not too concerned.

Wow, always lots of drama in this board.

One week it's all "LHC will kill us all", then it's "The Economy is gonna crash and make us all poor"... I wonder what we'll be scared of next week.

Hungry_bunny

but this is all comes down to one thing, the government continually makes these problems, they only get worse, and then people expect the government to come up with a solution to fix this problem. its a vicious circle.

this government is WAY too big right now and has WAY too much power.

ronniepage588

The government didn't make this problem. Big corporations made this problem, and now they need the tax payers to foot the bill for their irresponsible business practices. The problem here is the tax payers will be in even worse shape if they don't bail out the rich folks here, because they won't have jobs. This country is totally dependent on the ability to borrow money. Take that away, and you cripple the economy. Crippled economy = no work for lots of people, no matter how qualified they may be.

[QUOTE="LJS9502_basic"]I don't see that happening....pianist

Nor do I. Times have changed. The world is a very different place from what it was in the 30s. For one thing, the whole world is no longer dependent on the US economy, because China and India have become much more prominent. So the old adage that "when the US economy sneezes the world catches a cold" may no longer be true. And for another thing, measures were implemented after the stock market crash in the 30s to prevent it from happening ever again. So you can't have everybody instantaneously panic selling everything and thus paralyzing the entire economy.

This isn't a good situation... but people need to stop being so melodramatic about it. This doomsday nonsense is nauseating.

o really? do you know what happened today? the selling was so intense today that just 162 stocks rose on the NYSE -- and 3,073 dropped! It takes an incredible amount of fear to ignite that kind of reaction on Wall Street.

[QUOTE="ronniepage588"]

but this is all comes down to one thing, the government continually makes these problems, they only get worse, and then people expect the government to come up with a solution to fix this problem. its a vicious circle.

this government is WAY too big right now and has WAY too much power.

pianist

The government didn't make this problem. Big corporations made this problem, and now they need the tax payers to foot the bill for their irresponsible business practices. The problem here is the tax payers will be in even worse shape if they don't bail out the rich folks here, because they won't have jobs. This country is totally dependent on the ability to borrow money. Take that away, and you cripple the economy. Crippled economy = no work for lots of people, no matter how qualified they may be.

big corperations made this problem. but why? it all leads back to the government.

i'm sure the value of the dollar had nothing to with any of this! pfff

It will get worse when O'Drama gets in there and starts raising taxes.

maheo30

Obama is lowering taxes for 95% of the nation, and for people that recieve 250k or more a year they get a slight tax increase.. A increase that still won't make taxes what it was in the 90s :|

wallstreet here is the real problem, letting them have so many assets.

there is no recession, im sure none of us have even know what its like.

Wow, always lots of drama in this board.

One week it's all "LHC will kill us all", then it's "The Economy is gonna crash and make us all poor"... I wonder what we'll be scared of next week.Hungry_bunny

[QUOTE="maheo30"]

It will get worse when O'Drama gets in there and starts raising taxes.

sSubZerOo

Obama is lowering taxes for 95% of the nation, and for people that recieve 250k or more a year they get a slight tax increase.. A increase that still won't make taxes what it was in the 90s :|

then how does he plan on paying the absurd amount of things he keeps promising everyone?!

[QUOTE="Hungry_bunny"]Wow, always lots of drama in this board.

One week it's all "LHC will kill us all", then it's "The Economy is gonna crash and make us all poor"... I wonder what we'll be scared of next week.Link256

Fixed.

I don't see that happening....LJS9502_basic

[QUOTE="Sajo7"]

The Great Depression occured because of incredible stupidity on so many levels. Thats not going to happen here.

[QUOTE="psn_Jaimzl"]i agree there is going to be another depression but it will be world wide this time because of the global marketJIT93

The last one was more or less world wide.

[QUOTE="pianist"]

[QUOTE="LJS9502_basic"]I don't see that happening....ronniepage588

Nor do I. Times have changed. The world is a very different place from what it was in the 30s. For one thing, the whole world is no longer dependent on the US economy, because China and India have become much more prominent. So the old adage that "when the US economy sneezes the world catches a cold" may no longer be true. And for another thing, measures were implemented after the stock market crash in the 30s to prevent it from happening ever again. So you can't have everybody instantaneously panic selling everything and thus paralyzing the entire economy.

This isn't a good situation... but people need to stop being so melodramatic about it. This doomsday nonsense is nauseating.

o really? do you know what happened today? the selling was so intense today that just 162 stocks rose on the NYSE -- and 3,073 dropped! It takes an incredible amount of fear to ignite that kind of reaction on Wall Street.

this goes well beyond the ups and downs of wall street. it has to do more with the availability of credit to everyone, large coorporation to joe on the street. if people and businesses cannot borrow money, its a ----storm for everyone.

I don't see that happening....LJS9502_basic

Not saying I know it will happen btw, just saying that there's no way you could really picture it.

we've been in a recession for a while now i believe

ronniepage588

No, we have not been in a recession. Remember that we just had a quarter of strong growth not too long ago.

Don't listen to the scaremongers in Washington. We are not heading to another Great Depression, because the fundamentals of our economy are in place and strong as ever. We just need to repeal the capital gains tax.

[QUOTE="ronniepage588"]

we've been in a recession for a while now i believe

mysterylobster

No, we have not been in a recession. Remember that we just had a quarter of strong growth not too long ago.

Don't listen to the scaremongers in Washington. We are not heading to another Great Depression, because the fundamentals of our economy are in place and strong as ever. We just need to repeal the capital gains tax.

[QUOTE="ronniepage588"]

we've been in a recession for a while now i believe

mysterylobster

No, we have not been in a recession. Remember that we just had a quarter of strong growth not too long ago.

Don't listen to the scaremongers in Washington. We are not heading to another Great Depression, because the fundamentals of our economy are in place and strong as ever. We just need to repeal the capital gains tax.