Do you think there could be a second Great Depression?

kaiser · Jan 16, 2016

Again more dark clouds on the horizon.

http://www.cnbc.com/2016/01/15/a-recession-worse-than-2008-is-coming-commentary.html

LizzieMaine · Jan 16, 2016

"The fundamental business of the country, that is, production and distribution of commodities, is on a sound and prosperous basis."
-- Herbert Hoover, October 25, 1929.

heron163 · Jan 17, 2016

we are living in one of the great transformative periods of human history... political, religous, and societal standards are colliding and it is unclear as to the outcome... a titanic migration of peoples is also occurring the likes of which has not been seen for a thousand years... I have no idea what is going to happen but change is difficult...

philosophygirl78 · Jan 17, 2016

We are facing global deflation, possible dare i say as Dudley did last week,,, negative interest rates as FED policy, and a deconstruction of China's economy.... A friend if mine who is an economics professor told me he was reading the Dow could reach 8k...

As with past slowdowns, one major factor is whether or not they will be able to prevent credit unavailability.... I simple don't see how they will be able to this time. Do you?

kaiser · Jan 17, 2016

Things are locking up already. I work for a large Industrial company and our orderbook is down by over 20% for the first four months of 2016. Not a good sign as we have not lost any contracts, it is that our customers are just taking less of what we sell them.

Harp · Jan 19, 2016

I took The Journal of Economic Perspectives, Fall 2015 from the office Friday evening for train reading after the day's market tumult,
and found an article listing Fed post-crisis available tools for raising interest rates amidst excessive reserves.
Chinese statist economics and the Fed's concern with inflation in deflationary times, blind central banks, and a long overdue correction
reminds that Marx's philosophy denied Thomist and Heglian idealism and the priority of mind or spirit over materialism.

oak1971 · Jan 19, 2016

Looks like a deflationary slide, which is good for consumers in the short run, but spells bad news for everyone in the long run. Economies are cyclical and no amount of wishful thinking or philosophy will change that. Any attempt to mitigate the cycle will only make it worse.

kaiser · Jan 19, 2016

Baltic Dry Index at an all time low.

I see the bad moon arising
I see trouble on the way
I see earthquakes and lightnin'
I see bad times today

philosophygirl78 · Jan 19, 2016

kaiser said:
Baltic Dry Index at an all time low.

I see the bad moon arising
I see trouble on the way
I see earthquakes and lightnin'
I see bad times today

There's a bad moon on the rise.... Indeed.

Lean'n'mean · Jan 20, 2016

We had better turn down the thermastat then;
http://www.theguardian.com/environm...re-for-economic-success-is-13c-climate-change

philosophygirl78 · Jan 20, 2016

Lean'n'mean said:
We had better turn down the thermastat then;
http://www.theguardian.com/environm...re-for-economic-success-is-13c-climate-change

The guardian... *chuckles*

philosophygirl78 · Jan 20, 2016

Meanwhile, this is happening today: http://www.cnbc.com/2016/01/20/us-markets.html

philosophygirl78 · Jan 21, 2016

For anyone who missed the CNBC Squawk Box panel this morning, it was an audition for Saturday Night Live....

My favorite was the Coca Cola CEO who came on wearing a gangster fedora and a trench coat and spoke on how "not everyone needs the same level of education" and how "there is a war against sugar". Even Becky Fields, the most progressive of the CNBC bunch was like WTH?? And I'm over here thinking to myself, "ya'll better be careful; he's already got your houses and cars surrounded back at home"...

http://video.cnbc.com/gallery/?video=3000481685

Stearmen · Jan 22, 2016

After the last couple of weeks, I would say not for now! I got another call from a contractor, that said he was sorry, but he does not have the time to come out and give me an estimate on a job I need done. This has been going on for a month now, and most of them can't get enough workers either. So much for high unemployment numbers, that some experts quote!

Trenchfriend · Jan 22, 2016

philosophygirl78 said:
For anyone who missed the CNBC Squawk Box panel this morning, it was an audition for Saturday Night Live....

My favorite was the Coca Cola CEO who came on wearing a gangster fedora and a trench coat and spoke on how "not everyone needs the same level of education" and how "there is a war against sugar". Even Becky Fields, the most progressive of the CNBC bunch was like WTH?? And I'm over here thinking to myself, "ya'll better be careful; he's already got your houses and cars surrounded back at home"...

http://video.cnbc.com/gallery/?video=3000481685

Thanks!

But, it looks like a flight-jacket.

We have 2016 and Cola-drinks are so much outdated by modern nutrition. Sugar itself, which is probably not less dangerous as cocaine, too. Friends, the 90's are over.

He knows it, surely.

PrettySquareGal · Mar 16, 2020

How about now?

LizzieMaine · Mar 16, 2020

Right now it's sort of like an old lady who's just fallen down the stairs and is still heavily dazed being asked "Can you walk?" Ask again in a month.

Bushman · Mar 16, 2020

I didn't until today. Almost called it "an upcoming depression" when talking to an older woman today. If the stocks keep dropping like they have been, people are gonna be jumping out windows soon.

GHT · Mar 16, 2020

PrettySquareGal said:
How about now?

Paul Davidson, Nathan Bomey and Jessica Menton report in USA TODAY, a very good summary.
https://eu.usatoday.com/story/money...coronavirus-crises-different-2008/5012228002/

scotrace · Mar 16, 2020

Ohio: Restaurants and bars, gyms, libraries, churches, gatherings of more than 50, all banned or closed. My wife is a chef at a high-end restaurant so we're in trouble. I've also lost about 1/3 of my income from all this.

Do you think there could be a second Great Depression?

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