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Worst Recession Since 1930's Coming Say Experts
  #1  
Old 11.12.2007
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Forbidden 3 Worst Recession Since 1930's Coming Say Experts
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After what Los Angeles money manager Arnold Silver called "a brutal three days," the question is: What now for the market?
A Wall Street superstar this year who runs Balestra Capital Partners, Jim Melcher, says he's "worried about a recession. Not a normal one, but a very bad one. The worst since the 1930s. I expect we'll see clear signs of it in six months with a dramatic slowdown in the gross domestic product."
Read More Here >> The New York Sun



WiseOne's Comments, this is what I have been warning about for quite some time now. The stock markets are ridiculously high given all the very bad economic indicators all over the world. This cannot last and the stocks WILL crash sometime once people wake up and see reality. IMHO
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  #2  
Old 11.12.2007
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I agree...
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Old 11.12.2007
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Quote:
Originally Posted by WiseOne View Post
Read More Here >> The New York Sun



WiseOne's Comments, this is what I have been warning about for quite some time now. The stock markets are ridiculously high given all the very bad economic indicators all over the world. This cannot last and the stocks WILL crash sometime once people wake up and see reality. IMHO
Unfortunately I think you may very well be right about this, Wiseone.
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Old 11.13.2007
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I'm not trying to blow smoke up any body's azz here. but i see things getting very bad here in the near future.
it's been a long time since things got really bad for the world and it getting closer by the day.
Fuel prices
world war
the environment
all in a state of chaos.
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Old 11.13.2007
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Chaos is putting it nicely. This will be utter HELL. This IS coming which anyone can see IF they have their eyes open! We are headed for some seriously bad times and not ONE indicator says otherwise. The stock markets are remarkably resilient right now, but that WILL change...just like it did in 1929. Sigh.
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Old 11.13.2007
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Things are BAD already....I see us going down hill in just about every part of Americas sector!
WE are in deep ####!
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Old 11.13.2007
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This is what happens when the Fed artficially pumps up the economy to make things look ok. When you have an economy built on credit eventually the bills come due. I doubt this recession will be really bad for the buisness sector. It will not come close to 1929. The fed won't let that happen. As far as the average person it's going to get rough. Inflation is going to skyrocket. It's going to be a long winter.
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Old 11.13.2007
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Perspective...............


Not to say it couldn't happen but we have had MANY market corrections......... at least one every decade..............what looked terrible at the time in hindsite was but a blip on the long term economic radar.

Look at the attached chart of the Dow and S&P 500 and note where the war years are, black monday, black friday, double digit inflation & oil crisis of the 70's, the housing boom/bust in the 80's, attack on the world trade center 1 & 2 in the 90's & 00 years...........on and on and on.

Americans make money in the markets when they invest..............not when they tuck their dollars under the matress.


Tbar
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  #9  
Old 11.14.2007
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Unhappy Markets Are Waiting To Fall
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Originally Posted by bbkeo View Post
This is what happens when the Fed artficially pumps up the economy to make things look ok. When you have an economy built on credit eventually the bills come due. I doubt this recession will be really bad for the buisness sector. It will not come close to 1929. The fed won't let that happen. As far as the average person it's going to get rough. Inflation is going to skyrocket. It's going to be a long winter.
True, they are pumping BILLIONS into the banks so they don't fail...now there is something seriously wrong there! They did it recently like 3 times if I recall. That is a serious indicator. The stocks are far too hot for what is REALLY going on and that WILL correct...eventually, how far will it go is the question...tick, tick, tick. I do believe the time to pay the piper is coming.
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  #10  
Old 11.14.2007
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Quote:
Originally Posted by Tbar View Post
Perspective...............


Not to say it couldn't happen but we have had MANY market corrections......... at least one every decade..............what looked terrible at the time in hindsite was but a blip on the long term economic radar.

Look at the attached chart of the Dow and S&P 500 and note where the war years are, black monday, black friday, double digit inflation & oil crisis of the 70's, the housing boom/bust in the 80's, attack on the world trade center 1 & 2 in the 90's & 00 years...........on and on and on.

Americans make money in the markets when they invest..............not when they tuck their dollars under the matress.


Tbar

It's not the market that I am concerned about. You are right it. The market will always correct itself. Umfortunatly though the Dow and the S&P are really not good indicators of where the overall enonomy is heading.
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