RE: Global Economy = Global Recession/Depression? (Full Version)

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Musicmystery -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:09:05 PM)

That's not an argument. That's your hedge against your assumptions.

Sorry. Alex's assumptions.





Marini -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:12:44 PM)

Since I am the one that started THIS thread, I will attempt to lead people
back to my OP.

I appreciate MM for contributing his opinions actually.
I am learning to enjoy debating, and he makes great points, I just don't agree with him
usually when it comes to the economy.
I will also agree that "my thoughts" on how the USA and many parts of the world are going, are indeed MY THOUGHTS on what I see going on.
I have made no secret I believe we are headed for another Depression, and I still feel that way.
 
I enjoy at least being able to form opinions based on what I feel is happening in the world around me, and not based entirely on what I read or I am told.

I may be right, I may be wrong, but I am glad that I am able to be an independent thinker.
[;)] I am glad that I am still able to think beyond what is fed to me on the evening news.
I will ONLY change how I feel, when I see REAL economic recovery on a large scale, and I believe that we are REALLY in a better place.
Until then? I totally, totally, believe we have not seen anything near the bottom, and we are going to end up in a big fat Depression.
..........period!
 
I ask the question, if there are other people "out there" that feel that this global economy
could lead to a global recession/Depression, for many of the countries involved in it???

The OP was to start a discussion, on why or why/not people feel this way.
Some say yes, some say no, in the end time will tell. 



pahunkboy -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:19:26 PM)

quote:

ORIGINAL: Musicmystery

That's not an argument. That's your hedge against your assumptions.

Sorry. Alex's assumptions.



yeah- you own paper gold.  HA!

that will buy you a paper hamburger.   

Bon apitite.



Musicmystery -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:21:15 PM)

Sorry, pahb.

I have real assets, including food, remember?



pahunkboy -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:21:49 PM)

quote:

ORIGINAL: Marini

Since I am the one that started THIS thread, I will attempt to lead people
back to my OP.

I appreciate MM for contributing his opinions actually.
I am learning to enjoy debating, and he makes great points, I just can't agree with him!
 
I ask the question, if there are other people "out there" that feel that this global economy
could lead to a global recession/Depression, for many of the countries involved in it???

The OP was to start a discussion, on why or why/not people feel this way.
Some say yes, some say no, in the end time will tell.


It its most basic terms- the fiat monies of the globe are toast.

Pay no attention to $ on silver/gold- but get some.   Get some food- water filter- and a way to protect your home.

That is how it is.

John Maynard Keynes wont save you.  You must save yourself.





pahunkboy -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:23:53 PM)

quote:

ORIGINAL: Musicmystery

Sorry, pahb.

I have real assets, including food, remember?


A few fruit trees.

Yet- you are giving people false hope.

That is not fair.

People must get their life in order - in case- as the likelihood IS that this is a COLLAPSE.

Anything else is a bum steer.



Musicmystery -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:26:11 PM)

Again, when you come up with evidence, either to support your sky-is-falling doom or to refute the evidence and arguments I've presented, go for it.

And far more than few, incidentally.



pahunkboy -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:27:12 PM)

gold and silver have 6000 years.

nice of you to give trillions to the banks.



LadyEllen -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:31:16 PM)

First off, the developing countries will be fine - and this whether we can continue to buy their exports or more widely we can meet our debts to them. They have developed sizeable internal markets in the period over which they have taken the stage and this will see them through.

Secondly, given the enormous debts owed by we old economies to the developing economies, it will not be in their best interests for us to collapse. Not only will they not get paid but their influence over us will be diminished and so I believe they will do all they can to keep us afloat, if only just, until we find a way to recover, which may well be by way of agreeing market regulations such that their markets present fair competition for us to sell to them whatever it is we might be able to. The price to be paid in the long term by us is to lose our primacy in the world and have the developing economies effectively dictate terms to us.

Thirdly the ups and downs of stock markets and currency exchanges provide little guidance as to the situation except to the extent that they indicate the fears of those involved in relation to the relative situation from time to time and place to place and their exposure to possible losses should certain fears predominate. As such the Euro and Sterling will likely depreciate against the Dollar as will European stock markets vs the Dow et al, because the markets are predominantly expressed in, and assets are predominantly held in, US Dollars and the majority do not want to see themselves wiped out so will transfer fear to where it will least harm them. This however will not indicate the strength of the US economy or the Dollar except relative to their European counterparts, and the Dollar, Dow et al may well depreciate against their counterparts elsewhere in the world.

Fourthly there is no doubt in my mind that unless we roll back from the type of socio-economic model we have come to be dominated by - "greed is good", "devil take the hindmost", "etc" and adopt a liberal, social democratic model that nonetheless places emphasis on the importance of the private sector in order to meet social needs, then we are pretty much up the swanny.

E



pahunkboy -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:34:17 PM)

05-24-2010: Central Bank Intervention Is Now Self-Defeating

E.,  on point 3.   That would be the presidents group on markets.

While point 1 has some merit- it negates that major war will ensue- as will starvation.



Marini -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:35:38 PM)

quote:

ORIGINAL: LadyEllen

First off, the developing countries will be fine - and this whether we can continue to buy their exports or more widely we can meet our debts to them. They have developed sizeable internal markets in the period over which they have taken the stage and this will see them through.

Secondly, given the enormous debts owed by we old economies to the developing economies, it will not be in their best interests for us to collapse. Not only will they not get paid but their influence over us will be diminished and so I believe they will do all they can to keep us afloat, if only just, until we find a way to recover, which may well be by way of agreeing market regulations such that their markets present fair competition for us to sell to them whatever it is we might be able to. The price to be paid in the long term by us is to lose our primacy in the world and have the developing economies effectively dictate terms to us.

Thirdly the ups and downs of stock markets and currency exchanges provide little guidance as to the situation except to the extent that they indicate the fears of those involved in relation to the relative situation from time to time and place to place and their exposure to possible losses should certain fears predominate. As such the Euro and Sterling will likely depreciate against the Dollar as will European stock markets vs the Dow et al, because the markets are predominantly expressed in, and assets are predominantly held in, US Dollars and the majority do not want to see themselves wiped out so will transfer fear to where it will least harm them. This however will not indicate the strength of the US economy or the Dollar except relative to their European counterparts, and the Dollar, Dow et al may well depreciate against their counterparts elsewhere in the world.

Fourthly there is no doubt in my mind that unless we roll back from the type of socio-economic model we have come to be dominated by - "greed is good", "devil take the hindmost", "etc" and adopt a liberal, social democratic model that nonetheless places emphasis on the importance of the private sector in order to meet social needs, then we are pretty much up the swanny.

Another wonderful post by LadyE, and I agree if things do not change in a major way, we will indeed be "up the swanny" in a way that will leave many with their mouths hanging open and a lot of "I can't believe this is happening" going on.
E



pahunkboy -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:38:59 PM)

How about this?I can't riot all night, American Idol is a 2 Hour special starting at 8.



Marini -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:45:24 PM)

Also, at the end of the day, Tim, I HOPE I am wrong as hell about the economy.

But you can bet your last fucking money, the way things are going I do not feel I am wrong, at all.
In fact, I now think we are headed for a Depression even more now, than I did a few years ago.

Peace Out!



Musicmystery -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:46:38 PM)

Think all night long.

The world will remain as it is.



LadyEllen -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:47:16 PM)

Thank goodness for American Idol then eh?

The last thing we need is widespread civil unrest to add to our woes - which is why I believe my fourth point is so essential as a means of putting right that which has gone wrong. That some would ignorantly resist this in some confused belief in a propaganda that tells them that social justice is a bad thing, whilst theyre simultaneously living near the poverty line as a consequence of that propaganda, must be expected of course and pre-empted with a clear cut plan the benefits of which should be difficult to refute without such brazen lies that even the deluded can see through them.

E



Musicmystery -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:49:11 PM)

Ellen,

None of that can happen in any real way without meaningful international law.

We are a long ways from that, however.



Marini -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:49:18 PM)

quote:

ORIGINAL: Musicmystery

Think all night long.

The world will remain as it is.

 
The world will also remain the way "it is" for you Tim, you have on rainbow shades.
[;)]
Now we have the answer to all the problems of the world, from you......... the world will remain as it is.
Deep!

Here I thought, the world was in a state of flux, always evolving, and always changing.



Musicmystery -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:52:11 PM)

Bullshit.

You have a strong view based on your feelings. It's your only source, and you keep repeating it, thrusting aside any points brought in from the real world.

Then you think anyone bringing in those points to build a counterargument has a skewed view and is self-centered for disagreeing with you?

You define egomania.



thompsonx -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:53:27 PM)


quote:

ORIGINAL: servantforuse

Where have you been the last six months. Greece, Portugal and Spain already went down. Europe is in worse shape than we are. The IMF is spending billions trying to right a sinking ship. They got there the way we got there. Spending money that thry didn't have.



I was not aware that those countries were supporting two wars



LadyEllen -> RE: Global Economy = Global Recession/Depression? (5/24/2010 4:53:55 PM)

quote:

ORIGINAL: Musicmystery

Ellen,

None of that can happen in any real way without meaningful international law.

We are a long ways from that, however.



None of what?

The only aspects requiring international agreements should be changes to terms of payment of borrowed sums (in relation to which agreement should easily be reached) and the regulation of world markets and trade (for which organisations already exist), in relation to which both its merely a case of putting the right deal on the table to best protect all parties' interests - fairly straightforward when no one wants the west to go bankrupt.

E



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