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Careful he's going to be in here talking up the DOW rocketing ahead on news of the worst home price delcines in 16 years.
Take a look at the DOW, the stock market opened higher, got the news, fell then powered higher.
This is classic volatility that may continue all the way until the fall, greed dies hard and only loses out to fear.
There is something about winter comming I think that makes the reality hit in October, that's a good bet for when the last Bull dies.
Huh? Wait a minute!!! Worst housing declines in 16 years??? Oh my!!! 'Course, as usual, you fail to add that this comes on the back of the greatest housing boom in our history... Oh well... Yes Conrad, there is volatility. There is capitulation. I never once said there wouldn't be. A speeding bullet eventually falls to the ground. I have consistently maintained that approach. You guys crack me up!!! You continue to "predict" the collapse of the market (you've been pitching that game for what, close to a year now right??), speak of an epic economic catastrophe, and yet here we are, dealing with some uncertainty, some volatility, some speculation... How unique...
Wait, I know, I know... "within the next year", we can expect the next great depression! "Prophetic"...
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Huh? Wait a minute!!! Worst housing declines in 16 years??? Oh my!!! 'Course, as usual, you fail to add that this comes on the back of the greatest housing boom in our history... Oh well... Yes Conrad, there is volatility. There is capitulation. I never once said there wouldn't be. A speeding bullet eventually falls to the ground. I have consistently maintained that approach. You guys crack me up!!! You continue to "predict" the collapse of the market (you've been pitching that game for what, close to a year now right??), speak of an epic economic catastrophe, and yet here we are, dealing with some uncertainty, some volatility, some speculation... How unique...
Wait, I know, I know... "within the next year", we can expect the next great depression! "Prophetic"...
Everything is going to be ok, it's all contained, don't worry be happy.
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At what point then is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide.
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At what point then is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide.
I'm personally happy 82, just because IMO I see what's comming has nothing to do with how happy I am.
Concern isn't the same thing, I am concerned we spend much more than we earn, I am concerned we owe way too much debt, I am concerned that such debt exposes us to huge risks.
If we didn't have the debt, and nothing on earth says debt like that is required then maybe I'd be less concerned, the international bank article DEI posted says they're concerned also, almost alarmed in fact.
The conditions for a depression are building and have built over a long time, maybe the powers that be avert it, it's certainly possible, however historically someone always screws the pooch in these cases, we'll see I guess.
__________________
At what point then is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide.
Now, now boy... take the gun away from your head! Step down and away from that window! Remove the noose from around your neck! Throw the pills down the toilet!
Reality is that, as usual, there will be a turn in the economic cycle. For some, it will hurt and in the extreme cases, it will hurt badly! For others, it will be an annoying mosquito bite... And for others, they will find a way to prosper during another inevitable and highly predictable economic shift...
Now, now boy... take the gun away from your head! Step down and away from that window! Remove the noose from around your neck! Throw the pills down the toilet!
Reality is that, as usual, there will be a turn in the economic cycle. For some, it will hurt and in the extreme cases, it will hurt badly! For others, it will be an annoying mosquito bite... And for others, they will find a way to prosper during another inevitable and highly predictable economic shift...
I don't mind the clean out, my competition is dropping like flies, and that's a good thing, the cycles are good to clean out the pipes but this isn't your ordinary cycle, what goes up must come back to reality and sometimes it goes as badly as it went good, that's scary when you think of just how good it's been.
__________________
At what point then is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide.
I don't mind the clean out, my competition is dropping like flies, and that's a good thing, the cycles are good to clean out the pipes but this isn't your ordinary cycle, what goes up must come back to reality and sometimes it goes as badly as it went good, that's scary when you think of just how good it's been.
Not scary at all... Why in the world would any sane individual expect that the record bull run, the record economic growth and expansion would never halt? What has ever happened in the history of this planet to ever suggest that a speeding bullet would never fall to the ground?
This is why you being referred to as a "prophet" is comical at best, and more to point - just plain ignorant... I know you didn't refer to yourself as such so that's not directed at you...
There are some of you who simply enjoy the hysteria-conspiracy... You prefer the fascination and the fantasy that comes with "predicting" the next great event that will end the greatest society on the planet... I get that... makes for great reading and maybe even a decent fictious movie or play!
Facts are facts Conrad and that's undeniable. As a country, we have assumed far too much debt. We can not continue down this path - it's unsustainable... Does that equal the greatest depression in our history? Well, if it adds some excitement to your day, then yea - let's fantasize together!!
What do you think our largest cities will look like 2-3 years from now? Without any basis for funding and with our economic engines now trashed beyond immediate repair, will there be a huge exodus to the 'burbs, where at least you can grow your own food?? Personally, I'm stocking up on all types of vegatables and have carved out a 30x30 area in my back yard for my life-preserving garden!
Facts are facts Conrad and that's undeniable. As a country, we have assumed far too much debt. We can not continue down this path - it's unsustainable... Does that equal the greatest depression in our history? Well, if it adds some excitement to your day, then yea - let's fantasize together!!
What do you think our largest cities will look like 2-3 years from now? Without any basis for funding and with our economic engines now trashed beyond immediate repair, will there be a huge exodus to the 'burbs, where at least you can grow your own food?? Personally, I'm stocking up on all types of vegatables and have carved out a 30x30 area in my back yard for my life-preserving garden!
Gee, and here I was thinking that if I rode herd with the "end of timers", you might "have a clue what I'm talking about"... Oh well... I'll just continue down my blissfully ignorant path! Later...
Gee, and here I was thinking that if I rode herd with the "end of timers", you might "have a clue what I'm talking about"... Oh well... I'll just continue down my blissfully ignorant path! Later...
Oh, I thought you we're making some kind of grand prediction of economic confidence with your garden reference. But I may have given you too much credit as it only seems to be a statement of triviality toward those who may be concerned about their place in the current economic conditions.
Oh, I thought you we're making some kind of grand prediction of economic confidence with your garden reference. But I may have given you too much credit as it only seems to be a statement of triviality toward those who may be concerned about their place in the current economic conditions.
I doesn't come across that way.
It's obvious that 82 doesn't believe or suffer fools who predict an economic collapse of biblical proportions. That is obviously the point he was trying to make.
__________________ "I carry a gun because a cop is too heavy".
It's obvious that 82 doesn't believe or suffer fools who predict an economic collapse of biblical proportions. That is obviously the point he was trying to make.
Yeah, that seems obvious. But his mocking was clouding the issue.
It's obvious that 82 doesn't believe or suffer fools who predict an economic collapse of biblical proportions. That is obviously the point he was trying to make.
Who is a fool?
BTW, the stock market collapse did not cause the Great Depression of 1929. The stock market collapse was a result of the failure of worldwide confidence in the U S Dollar. When the margins get called in due to the debt, they start jumping from the 19th floor.
Banking Panics in the United States
Panic of 1797 · Panic of 1819 · Panic of 1825 · Panic of 1837 · Panic of 1847 · Panic of 1857 · Panic of 1866 · Panic of 1873 · Panic of 1884 · Panic of 1890 · Panic of 1893 · Panic of 1896 · Panic of 1901 · Panic of 1907 · Panic of 1910-1911
Stock market crashes
Panics: Panic of 1819 • Panic of 1873 • Panic of 1884 • Panic of 1893 • Panic of 1896 • Panic of 1901 • Panic of 1907
1997 East Asian financial crisis • Black Friday (1869) • Black Monday (1987) • Black Tuesday • Friday the 13th mini-crash • Hindenburg Omen • October 27, 1997 mini-crash • Russian financial crisis • Silver Thursday • Souk Al-Manakh stock market crash • Stock market downturn of 2002 • Wall Street Crash of 1929
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In politics, nothing happens by accident. If it happens, you can bet it was planned that way.
Franklin D. Roosevelt
"Those who can make you believe absurdities can make you commit atrocities." --Voltaire
Last edited by wallyburger; June 26th, 2007 at 12:03 PM.
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