Economy to implode some time January to March

[Maniacc]

http://www.youtube.com/watch?v=9HKN-A0EqyA

I personally don't trust anyone who spells Mark with a C instead of a K. So this is probably bullshit. /sarcasm

[silversol]

i did not watch the vid! but i do expect the economy to get worse after christmas. i think alot of stores are just holding on to go out of bussiness until after christmas.

[BanginJimmy]

I actually expect to see rebounds everywhere except the retail market starting in the 2Q. The retail markets were the last to be hit by the money crisis, and they will be the last to rebound. I think we will start to see some stronger numbers, or more accurately less losses, starting early next quarter. I know I am not a guru with this, but I can say that most of my stocks are starting to show some signs of positive life for the first time in 8 months.

The housing market is slowly working through inventory that has been on the market for months or years. Martgage applications are up, as are new mortgages. I do think we have seen the worst of this crisis, but we are FAR from out of it. That will take years and tons of fiscal responsibility from Wall St, Main St. and Washington. I think we can all agree that we wont get that responsibility from Washington so that puts that much more pressure on Wall St and Main St. to not only spend their money, but to spend it wisely.

[SampaGuy]

that is freaking scary, specially the way he said it.

[Vteckidd]

im gonna go out on a limb an say he makes EXCELLENT points.

I agree with him and with Jimmy.

The economy WILL get better next year, but i fear we are only putting off the inevitable, that these big major companies are GOING TO FAIL and we are just extending them a grace period before they will ultimately go under.

I find myself leaning more an more towards his way of thinking, if they fail NOW, its going to SUCK and plunge us into a depression and its going to be the darkest time we have ever seen. But we will get through it.

If we prop them up, next time they fail, its going to be the US Taxpayer losing out, and the American GOvt losing trillions of dollars and we will enter a currency crisis. That we can almost certainly never recover from.

I hate to be doom an gloom, but i see this as the beginning of the end. We are throwing money at problems we simply cannot fix, and are hurting our infrastructure, our currency, and our economy even worse.

Watch this video and Peter Schiffs response, i tend to believe him from what i have been watching. He comes on at 3:20

http://www.youtube.com/watch?v=Ewc1w...eature=related
http://www.youtube.com/watch?v=s6v6r...eature=related

Hes right, we prob need a deep recession with the govt not getting involved to get to the point where we wipe the slate clean and start over.

[Maniacc]

I actually expect to see rebounds everywhere except the retail market starting in the 2Q. The retail markets were the last to be hit by the money crisis, and they will be the last to rebound. I think we will start to see some stronger numbers, or more accurately less losses, starting early next quarter. I know I am not a guru with this, but I can say that most of my stocks are starting to show some signs of positive life for the first time in 8 months.

The housing market is slowly working through inventory that has been on the market for months or years. Martgage applications are up, as are new mortgages. I do think we have seen the worst of this crisis, but we are FAR from out of it. That will take years and tons of fiscal responsibility from Wall St, Main St. and Washington. I think we can all agree that we wont get that responsibility from Washington so that puts that much more pressure on Wall St and Main St. to not only spend their money, but to spend it wisely.

It's going to take a few more years just for all the adjustable rate and interest only loans to come due. None of those people can refinance. The real estate market can't rebound until we cycle through all the shit loans.