Financial topics

[Matt1989]

To John's Friend:
I doubt it will be called the Greater Depression. The '30s made depression the D-word nobody speaks. The politicians and economists will be calling it a recession, and Average Joe will soon be calling it "The Great Recession" as a sick joke. The moniker will stick, is my guess. Then downturns will have to be called "corrections"...at least until the Great Correction near the end of the century (if the Singularity does not break the generational cycle).

People are using the D-word already. I'm hearing it every day.

[Witchiepoo]

Sorry, I just don't think it will be a huge crash and burn, where people need to run take their money out of the bank all of a sudden. I think it will be more like a long, protracted death. People won't even know that they're poor until they can't figure out where their next meal is coming from. Until then, it will still be X-Box 360s for all. Or maybe a Wii - has anyone actually played those things? They're f'ing stupid.

[Tom Mazanec]

matt1989:
I haven't heard "depression" (except when I talk about this website, and then it is skeptical) but you may be right. Hmm..."Greater Depression". Then the "Greatest Depression" in the "Nightmare Nineties" (again, disregarding the Singularity)?

[John]

Message from a web site reader:

AIG is investment bank wanna be End up shooting up their own feet

What happens if Citigroup crash and burn? Citigroup is too big to be
merged with others (which will sink the merged entitiy down as well)
so it seems that the best course is to nationalize them.

I agree that USA is not going/cannot nationalize every bank in
distress, only few mega ones that they may have no choice but to
nationalize them.

What a bunch of desperate clowns running around in DC.

I agree with you that a mass generational panic can hit any day, but
I hope it will happen after I get settlement done on sale of my
house/farm! Hopefully soon!

[John]

Message from a web site reader:

Thought you would find this very interesting.

Please go to this link and read for yourself.

Thanks!

http://market-ticker.denninger.net/arch ... ilout.html

[John]

Message from a web site reader:

I like your comment today about telling your boss what's going to
happen. I told my boss and he said he's not worried because he's a
'long term investor'. So he's holding onto shares he's lost money in,
in the hope that they will go back up after this mess is sorted out. I
even told him that the cash might come in handy when we all lose our
jobs. I don't think he realises that a lot of the companies he's
holding onto shares in, won't even survive this.

[John]

Message from a web site reader:

Maybe put it out there - what to call the next Depression.

I came up with Uber Depression.

Ha.

[Matt1989]

Sorry, I just don't think it will be a huge crash and burn, where people need to run take their money out of the bank all of a sudden. I think it will be more like a long, protracted death. People won't even know that they're poor until they can't figure out where their next meal is coming from. Until then, it will still be X-Box 360s for all.

The current economic conditions (at face value) are worse than they were 79 years ago. The Fed has played a more active role, thus delaying the crisis; however, the fundamental structures are weakening, slowly dragging the country down with it. We're probably in a recession already (I trust my gut instinct more than the numbers provided), and more and more people are recognizing that investing is a losing bargain.

Humans have a knack for herd mentality in a crisis. Why should this be any different?

Or maybe a Wii - has anyone actually played those things? They're f'ing stupid.

Here we agree!

[Tom Mazanec]

If hyperinflation is big inflation, how about hyperdepression? Ultradepression? Superdepression?

[The Grey Badger]

If hyperinflation is big inflation, how about hyperdepression? Ultradepression? Superdepression?

Suicidal depression?