Forbes predicts economic recession

This is a discussion on Forbes predicts economic recession within the A Brief History of Cprogramming.com forums, part of the Community Boards category; http://www.forbes.com/newsletter/200...apbox_inl.html Now is the time to get out of debt. mw...

  1. #1
    Registered User
    Join Date
    May 2005
    Posts
    207

    Forbes predicts economic recession

    http://www.forbes.com/newsletter/200...apbox_inl.html

    Now is the time to get out of debt.

    mw
    Blucast Corporation

  2. #2
    Super Moderator
    Join Date
    Sep 2001
    Posts
    4,913
    Well the Mormon's have been saying it for years... but isn't that a bit like me predicting a war in Iraq? It started a while ago... I mean I know the Dow had a REALLY good day the other day and gas prices have been dropping for a week or so, but aside from this week, hasn't the economy been in a slump for a couple of years?

    edit: And I know a slump is different from a recession, but I know I heard all this talk about being in a recession on the news talk shows, so when exactly was that recession considered "over" - cus I certainly didn't hear about it...

  3. #3
    Rad gcn_zelda's Avatar
    Join Date
    Mar 2003
    Posts
    942
    Haha, Sean. You're amazing.

  4. #4
    Banned SniperSAS's Avatar
    Join Date
    Aug 2005
    Posts
    175
    uh oh guys is this going to be the sequel to the great depression

  5. #5
    Registered User whiteflags's Avatar
    Join Date
    Apr 2006
    Location
    United States
    Posts
    7,738
    No, the Great Depression probably can't happen again for lots of reasons. One of them being the existance of the FDIC.

  6. #6
    Mayor of Awesometown Govtcheez's Avatar
    Join Date
    Aug 2001
    Location
    MI
    Posts
    8,825
    lionmane posts alarmist story, news at 11!

  7. #7
    Banned SniperSAS's Avatar
    Join Date
    Aug 2005
    Posts
    175
    oh wait he is the guy that posted the crappy prequel to my excellent "your government will maintain control" thread

    guys remember he said "facist states of america"

    edit- VV yes VV
    Last edited by SniperSAS; 06-20-2006 at 04:22 PM.

  8. #8
    Devil's Advocate SlyMaelstrom's Avatar
    Join Date
    May 2004
    Location
    Out of scope
    Posts
    4,074
    You mean the kind of guy that complains about everything but come election day doesn't get off his ass and vote?
    Sent from my iPadŽ

  9. #9
    Registered User
    Join Date
    May 2005
    Posts
    207
    It's spelled "fascist":
    http://dictionary.reference.com/browse/fascism

    And there's no law preventing the Great Depression from happening again. However it won't be like last time because our next depression will mark the dissolution of America (specifically the Constitution).

    America *has* to be dissolved to make way for the emerging global government.

    mw
    Blucast Corporation

  10. #10
    Devil's Advocate SlyMaelstrom's Avatar
    Join Date
    May 2004
    Location
    Out of scope
    Posts
    4,074
    Well, he's not that smart... but you gotta admit, it is kinda fun to see what he'll say next.
    Sent from my iPadŽ

  11. #11
    Registered User
    Join Date
    May 2005
    Posts
    207
    Sorry, when I said "depression", I should clarify:

    The recession coming this/next year is just the beginning. It will grow into a depression.

    mw
    Blucast Corporation

  12. #12
    Registered User whiteflags's Avatar
    Join Date
    Apr 2006
    Location
    United States
    Posts
    7,738
    And there's no law preventing the Great Depression from happening again.
    Of course.
    However it won't be like last time because our next depression will mark the dissolution of America (specifically the Constitution). [...] it will grow into a depression
    Uh hu, extraordinary claims require extraordinary evidence. How are you so sure? You read one article, and decide that you are an expert on economics. The world economy has experienced recessions before. So no matter how much you hate it, the United States will not simply disappear from existance because of a recession. It's a natural part of the economy. You might as well have told CProg to start hiding money under thier mattresses.

    The economy also has nothing to do with democracy AFAIK.

  13. #13
    Registered User
    Join Date
    May 2005
    Posts
    207
    The dissolution of America was just my opinion.

    It's based on my impressions of American citizens. I feel certain that Americans will not tolerate freedom when faced with economic hardship.

    mw
    Blucast Corporation

  14. #14
    Registered User major_small's Avatar
    Join Date
    May 2003
    Posts
    2,787
    Quote Originally Posted by Lionmane
    The dissolution of America was just my opinion.

    It's based on my impressions of American citizens. I feel certain that Americans will not tolerate freedom when faced with economic hardship.

    mw
    go outside... you'll like it.
    Join is in our Unofficial Cprog IRC channel
    Server: irc.phoenixradio.org
    Channel: #Tech


    Team Cprog Folding@Home: Team #43476
    Download it Here
    Detailed Stats Here
    More Detailed Stats
    52 Members so far, are YOU a member?
    Current team score: 1223226 (ranked 374 of 45152)

    The CBoard team is doing better than 99.16% of the other teams
    Top 5 Members: Xterria(518175), pianorain(118517), Bennet(64957), JaWiB(55610), alphaoide(44374)

    Last Updated on: Wed, 30 Aug, 2006 @ 2:30 PM EDT

  15. #15
    Super Moderator VirtualAce's Avatar
    Join Date
    Aug 2001
    Posts
    9,596
    That article equates to one man's opinion on the current status of the stock market and his predictions for the future.

    To get a much broader view you would have to consult many many sources concerning the issue and when you do so I believe you will find that the theories presented in the article would come under heavy fire from many people. You would also find some that might agree with him.

    However basing your entire economic viewpoint on one article is not smart. Economics is a huge field with a lot of differing opinions floating around, just like pretty much everything else.

    With the release of the XBox and PS2 there were magazines predicting doom and gloom for the PC, especially because MS got into the console battle. But we see again that the PC
    doomsday predictions have not come true.


    Interesting note in my local paper today was that gas prices have dropped, not due to the market, but due to oil companies and OPEC losing money due to falling demand. Falling demand in the middle of summer in the US? So the doomsday oil predictions won't come true either because the prices will have to drop if people stop buying it because they cannot afford it. At the point that the prices are so high no one can buy it, they will fall significantly, that is, if by that time alternate energy sources and fuel have not made significant inroads into the economy. Oil will run itself out of business long before we run out of oil. Again, doomsday predictions are wrong.

    Doom and gloom is rarely, if ever, the complete truth.

    And time to get out of debt eh? When is there NOT a good time to get out of debt? Do you have any idea what percent of the population here in the U.S. is in debt to either credit card companies, loan companies, etc, etc? Guess what chief? Debt is what makes our economy tick. If everyone stopped buying items because they did not want a loan or payment per month, I bet the market would go belly up quickly.

    Your type of reactionary rhetoric is exactly what caused the Great Depression. A perceived scare or threat in the economy can wreak havoc, even if it is an incorrect perception.
    Last edited by VirtualAce; 06-21-2006 at 12:19 AM.

Page 1 of 2 12 LastLast
Popular pages Recent additions subscribe to a feed

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21