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Reply #6: I Don't Think We Are Facing A Collapse [View All]

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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-13-10 08:12 AM
Response to Reply #1
6. I Don't Think We Are Facing A Collapse
But I think we will have a lost decade, quite like the Japanese had in the 90's. I predict slow growth and historically high and unacceptable rates of unemployment.

By 012 the unemployment rate will be closer to 10% than 5%.
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  - The Sham Recovery AllentownJake  Mar-13-10 07:57 AM   #0 
  - Are you leading the cheers for economic collapse?  MineralMan   Mar-13-10 08:03 AM   #1 
  - Robert Reich isn't exactly a dumb man  AllentownJake   Mar-13-10 08:04 AM   #3 
  - What Robert is saying btw which went way over your head  AllentownJake   Mar-13-10 08:09 AM   #4 
  - I Don't Think We Are Facing A Collapse  DemocratSinceBirth   Mar-13-10 08:12 AM   #6 
  - Please....  sendero   Mar-13-10 08:13 AM   #8 
  - It appears the happy thoughts crowd  AllentownJake   Mar-13-10 08:18 AM   #11 
     - I Think The Collapse Scenario Is A Bit Far Fetched  DemocratSinceBirth   Mar-13-10 08:27 AM   #12 
     - I actually think we are in worse shape than anyone really knows  AllentownJake   Mar-13-10 08:29 AM   #13 
     - Just A Garden Variety Crappy Economy  DemocratSinceBirth   Mar-13-10 08:31 AM   #14 
     - Same cause  AllentownJake   Mar-13-10 08:31 AM   #15 
     - Think It's All Tied To The Collapse Of The Real Estate Industry And Banking Which Work Hand In Hand  DemocratSinceBirth   Mar-13-10 08:36 AM   #17 
        - China and India  AllentownJake   Mar-13-10 08:49 AM   #23 
        - Yes  BigErnMcCracken   Mar-13-10 02:18 PM   #52 
        - China's demand for oil rose by 28% last year  northernlights   Mar-13-10 08:57 AM   #26 
     - except in the 70s, we were 40 years away from  northernlights   Mar-13-10 09:02 AM   #33 
     - a few more minor differences between now and the 70s  northernlights   Mar-13-10 11:59 AM   #40 
     - The Bottom Line Remains The Same  DemocratSinceBirth   Mar-13-10 12:33 PM   #45 
     - the bottom lines are totally different  northernlights   Mar-13-10 01:05 PM   #46 
     - +1  Urban Prairie   Mar-13-10 01:11 PM   #49 
     - I think this is different from the 70's  Mojorabbit   Mar-13-10 01:07 PM   #48 
     - Certainly..  sendero   Mar-13-10 08:56 AM   #25 
        - I could be wrong  AllentownJake   Mar-13-10 08:59 AM   #29 
        - I'm done with the stock market...  sendero   Mar-13-10 07:14 PM   #61 
        - oh, don't worry about the banks. they have a new plan  northernlights   Mar-13-10 08:59 AM   #30 
           - I was wondering how long it would take them to get to that big pot of money  AllentownJake   Mar-13-10 09:01 AM   #32 
           - Believe me..  sendero   Mar-13-10 07:15 PM   #62 
     - I pretty much agree..  sendero   Mar-13-10 08:53 AM   #24 
     - It's the same people as it was in '07 and '08, telling us, that were  Subdivisions   Mar-13-10 03:09 PM   #57 
  - Your words won't make the stock market collapse, that is silly.  RexS   Mar-13-10 03:00 PM   #56 
  - Optimism where there's no grounds for it is merely stupidity.  Raineyb   Mar-13-10 03:11 PM   #58 
  - LOL, what an idiotic question.  inna   Mar-13-10 04:10 PM   #59 
  - That was Bush's brilliant economic strategy, too...  girl gone mad   Mar-13-10 10:40 PM   #64 
  - QUOTE So what happens when the stimulus is over and the Fed begins to tighten again?  jody   Mar-13-10 08:03 AM   #2 
  - The multiplier effect of the 1st job creation then fuels continued employment - you ever read Keynes  ThomWV   Mar-13-10 08:13 AM   #7 
     - I think Robert Reich  AllentownJake   Mar-13-10 08:15 AM   #9 
     - But I think Keynes envisioned an economy that wasn't so weighted toward financialization, debt....  marmar   Mar-13-10 08:18 AM   #10 
     - Keynse said a lot of things  AllentownJake   Mar-13-10 09:42 AM   #35 
     - Yes I've read Keynes and many economist view his writings with disdain. Perhaps you need to drink  jody   Mar-13-10 08:33 AM   #16 
     - Keynse works  AllentownJake   Mar-13-10 08:47 AM   #21 
     - tax the rich  whattheidonot   Mar-13-10 11:42 AM   #37 
     - Even Keynes wasn't a Keynesian toward the latter part of his career.  girl gone mad   Mar-13-10 11:03 PM   #65 
        - Apparently you've read Keynes writings with insight.  jody   Mar-14-10 09:55 AM   #66 
     - The problem with your model is....  bvar22   Mar-13-10 11:47 AM   #38 
     - If the churn is great enough to overcome the trend.  Greyhound   Mar-13-10 12:14 PM   #43 
  - Es la verdad.  marmar   Mar-13-10 08:12 AM   #5 
  - Your position is like someone watching a cook boil water  NJmaverick   Mar-13-10 08:36 AM   #18 
  - I Think The OP Overstates The Case/ There Will No Second Great Depression.  DemocratSinceBirth   Mar-13-10 08:40 AM   #19 
  - Watch what happens when petrol prices rise  depakid   Mar-13-10 08:59 AM   #27 
     - It's starting already. n/t  Fire1   Mar-13-10 02:31 PM   #53 
  - Argue with Robert Reich the former DEMOCRATIC Dept of Labor Sec.  AllentownJake   Mar-13-10 08:45 AM   #20 
  - Even The CBO Predicts A Mediocre, Read Crappy Econnomy  DemocratSinceBirth   Mar-13-10 08:48 AM   #22 
  - Thanks Jake for standing firm...  hayu_lol   Mar-13-10 08:59 AM   #28 
     - Agreed. Great Depression II.  cutlassmama   Mar-13-10 02:57 PM   #55 
        - A new term: "contained depression"  SOS   Mar-13-10 04:28 PM   #60 
  - they never have any real refutations, just the usual 'that's BS, doomer!'  KG   Mar-13-10 09:00 AM   #31 
     - Deleted message  Name removed   Mar-13-10 09:02 AM   #34 
     - Much easier to stay 'on message' if you never really say anything  laughingliberal   Mar-13-10 12:09 PM   #42 
  - Deleted message  Name removed   Mar-13-10 12:16 PM   #44 
  - k & r  cornermouse   Mar-13-10 09:56 AM   #36 
  - Don't worry.  bvar22   Mar-13-10 11:52 AM   #39 
  - A consumer economy without consumers isn't a candidate for "recovery".  Tierra_y_Libertad   Mar-13-10 12:03 PM   #41 
  - but haven't you noticed?  northernlights   Mar-13-10 01:07 PM   #47 
  - FACT: stock prices go UP when a company LAYS OFF workers.  Odin2005   Mar-13-10 01:21 PM   #50 
  - kicking for excellence and some excellent discussion. nt  laughingliberal   Mar-13-10 02:02 PM   #51 
  - Looks like those who received massive amounts of public money  suffragette   Mar-13-10 02:47 PM   #54 
  - Everything is closing up here.  L0oniX   Mar-13-10 07:38 PM   #63 
 

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