US is heading towards a severe recession, Europe too, but not China

[demo dutch]

They have all the money!

http://bubblemeter.blogspot.com/2006/01/coming-late-2006-early-2007-recession.html
http://www.socialistpartyaustralia.org/archives/2006/11/21/us-economy-heading-for-recession/

[Target_For_Exterm]

1. No, China's just late to the recession party. China relies

on our economy to buy their cheap, slave built crap. When we don't have the money to buy, their economy goes crap, too. So much for slave labor keeping the economy going.

I think the world, as a whole, is teetering on the economic brink. When one goes, the rest will follow. Double that for the US, since we buy and consume the most.

[demo dutch]

2. You could be right, but China has all the cash & making oil deals etc

[Target_For_Exterm]

4. A lot of China's cash is tied to the US economy.

Remember how fast "cash" disappeared when the stock market crashed. China's "cash" isn't just laying around, it's invested in economically volatile segments subject to economic depression should the US economy crash. Not to mention all those worthless and shrinking US dollars that they'll attempt to dump when TSHTF. Whoosh, big loss of capital down the drain.

[HiFructosePronSyrup]

5. When we go into recession...

Aren't we just going to be buying more of their cheap, slave built crap?

[Target_For_Exterm]

7. Didn't happen in the Depression.

People didn't have the money to buy anything.

Read up on it a bit for some perspective:

"What was it like growing up during the Great Depression? For many people, life was a daily struggle. At the peak of the Depression, 25% of the nation's workers -- one out of four -- were unemployed. No job meant no money to pay the mortgage or buy food and clothes for the family.

Times were hard whether you lived in a city or on a farm, whether you were an adult or a child.

Families unable to pay the mortgage lost their homes and farms.

As a result, about 250,000 young people were homeless in the early years of the Depression. Many became nomads, traveling the highways and railways."

http://newdeal.feri.org/eleanor/er2a.htm

There's nothing to prevent us from having another Great Depression. Knowing what it was like back then gives some appreciation for what we have in the good times. The totally revolting thing is that a lot of Republicans I've talked to look back on the Depression as "not so bad" and not something to be avoided. They're insane.

[twilight_sailing]

3. Post War Recession

It's been a loooooooonngg time since I've been in school but it seems to me that I recall such a thing as a post war recession.

There was one after WWII, and I was around for the one after Vietnam.

But maybe I am mis-remembering. That happens to me a lot these days. ;)

[TheMadMonk]

6. The problem was that there really wasn't one.

The decision was made at the highest levels to keep the war machine humming along so as to avoid the worst. If the govt. stopped buying weapons, a lot of people would have been laid off just as all those soldiers were coming home to look for jobs as well.