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  1. #21
    Senior Member dga's Avatar
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    Quote Originally Posted by Fluffywolf View Post
    As long as there's the will to consume, there's room to produce.

    Producing sector can't fail for as long as they meet the consumers. But if consumers start to become scared and start hoarding in light of the recession. It will directly influence the producing sector.
    problem is that the american job sector is rapidly shrinking. the public simply does not have the money to continue its former consumer spending. private debt in the us is much higher than most of europe,

    there isnt a simple solution and i imagine some massive suffering ahead

  2. #22
    Order Now! pure_mercury's Avatar
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    Quote Originally Posted by dga View Post
    problem is that the american job sector is rapidly shrinking. the public simply does not have the money to continue its former consumer spending. private debt in the us is much higher than most of europe,

    there isnt a simple solution and i imagine some massive suffering ahead
    It's time for people to get used to the idea that they can't spend more than they take in indefinitely.
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

  3. #23
    Senior Member dga's Avatar
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    Quote Originally Posted by pure_mercury View Post
    It's time for people to get used to the idea that they can't spend more than they take in indefinitely.
    agreed, and that is gonna be a heavy withdrawal.

  4. #24
    Habitual Fi LineStepper JocktheMotie's Avatar
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    Quote Originally Posted by 01011010 View Post
    Impossible. The Obama-pocalypse is here.
    AMERICA IS NOW AN OBAMANATION!

    /tinfoil hat.



  5. #25
    Minister of Propagandhi ajblaise's Avatar
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    Quote Originally Posted by 01011010 View Post
    Impossible. The Obama-pocalypse is here.
    Quote Originally Posted by JocktheMotie View Post
    AMERICA IS NOW AN OBAMANATION!

    /tinfoil hat.
    I'm afraid it's even worse than we imagined.

    We are entering: Baracknophobia


  6. #26
    Oberon
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    Here are the questions I would ask about any prospective "recovery."

    1. Have median housing prices corrected to where the median mortgage-plus-escrow is under 30% of the median income?

    2. Has Congress repealed its multi-trillion-dollar efforts to float the financial services industry at the expense of devaluing the currency?

    3. Has the SEC begun applying serious regulation to financial instruments created out of commoditized mortgages, and also to credit default swaps? (Hint: If we're all aboard the Titanic, it does you no good to buy a life insurance policy from me.)

    4. Has the US economy been put back on a more secure footing of manufacturing and technology, i.e. industries that create real value, than it has been as of March 2009?

    If the answer to all of these questions remains "no," then no, we're not going to see any real recovery any time soon.

  7. #27
    Nerd King Usurper Edgar's Avatar
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    Quote Originally Posted by JocktheMotie View Post
    AMERICA IS NOW AN OBAMANATION!

    /tinfoil hat.

    DID SOMEONE CALL ME??



    Listen to me, baby, you got to understand, you're old enough to learn the makings of a man.

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