PeachParts Mercedes-Benz Forum - View Single Post - I'm going to say it. It's Depression not Recession

pj67coll · #9 01-29-2009, 10:17 PM

Quote:

Originally Posted by POS

Wow, fortune-telling and foreseeing a worsening economy. Perhaps you should go on CNN? They love "life sucks" and "we're all going to die" talk. Saying it doesn't change anything, except you now have a fifty-fifty shot at being right and be able to tell other people about how smart you are (if you were right; if you were wrong, we probably won't read your apology, will we?).

Well, it will take some time before I'm proven right or wrong. But I forsee things getting far worse before they get any better and this time we don't have a WWII to fix it for us. There is no manufacturing to pull us out of it because now, unlike after WWII we don't make everything the rest of the world needs or wants. And most of what we consume is made by the rest of the world.

What exactly is there then that will generate the growth necessary to pull the US back up?

I don't see anything and absent that how is it going to happen?

Quote:

Wow, a depression, huh? A little early for that call, isn't it?

We'll see. For the record I'll be perfectly happy to be proven wrong.

- Peter.