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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 01/26/2010 : 19:16:36
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Are We In An Economic Depression?
Few professionals are yet willing to admit we have been in a depression for the last year. You have to understand the position that economists and analysts are in. They work for corporations, insurance, Wall Street, banking and government and if they thought we were in a depression and they publicly announced that all chances for advancement would be lost or they would be squeezed out of the firm or simply fired.
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Think positive. |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 01/27/2010 : 11:44:43
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One more time "No Export = No Recovery"... Ponce
I will be AT LEAST two generations (50-70 years) before we will be able to "some how" recover from what is going on.....but only if we were to start now by changing the education of the childrens in order to have some new blood in the market place and come up with new ideas and inventions that the rest of the world doesn't have... and then we will have to keep ahead of the game for ever.
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"If you don't hold it, you don't own it"...Ponce |
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johnbrickner
Penny Pincher Member
154 Posts |
Posted - 02/02/2010 : 22:35:52
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| When we were young bucks, my best friend's father (no longer on this planet) once gave us these wise words 30+ years ago "if your neighbor is out of work, it's a recession. If you are out of work, it's a depression". So far, it's a recession. Will keep you posted. |
"I Killed the Bank" from the tombstone of Andrew Jackson |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 02/03/2010 : 16:31:53
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| Every great civilization falls. Maybe the U.S. won't get back up from this one. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
Posted - 02/06/2010 : 13:52:21
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I don't know what your so concerned about Ardent, GDP was up 5.7% 4th qtr '09. 
(Yes, we are in a depression). |
"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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Are We In An Economic Depression?
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