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Wed Aug 12, 2015, 01:11 PM

The Emperor Has No Clothes.

I'm concerned about another large recession.


The financial system we have is unsustainable. Its lax regulations and the Fed continuing to prop it up can only work for so long before another major downturn.

Anyone care to try to reassure me?

10 replies, 1550 views

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Arrow 10 replies Author Time Post
Reply The Emperor Has No Clothes. (Original post)
EEO Aug 2015 OP
meaculpa2011 Aug 2015 #1
lame54 Aug 2015 #2
Warpy Aug 2015 #3
dixiegrrrrl Aug 2015 #9
Kablooie Aug 2015 #4
Arugula Latte Aug 2015 #5
ruffburr Aug 2015 #6
Nuclear Unicorn Aug 2015 #7
Romulox Aug 2015 #8
Orrex Aug 2015 #10

Response to EEO (Original post)

Wed Aug 12, 2015, 01:20 PM

1. We've had a recession every 7-10 years...

for as long as I can remember.

And there will be recessions every 7-10 years for as far as the eye can see.

The one constant is that when it happens the politicians promise solutions that will make sure it never happens again.

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Response to EEO (Original post)

Wed Aug 12, 2015, 01:21 PM

2. another reason to not back Christie - Yuck

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Response to EEO (Original post)

Wed Aug 12, 2015, 01:22 PM

3. Uh, nope. The systemic problems were never addressed

and meaningful reforms were successfully blocked. Another big recession is inevitable because of this. GOPonomics always locks us into a boom and bust cycle and 99% of us never see any benefit from the booms except more underpaid work.

I have no idea how big or how bad the next one will be or what will trigger it. I do know that if the derivatives casino goes bust, it will take everything with it.

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Response to Warpy (Reply #3)

Wed Aug 12, 2015, 01:45 PM

9. Happening now...a slow steady roll.

New cracks appearing every day.

Fracking companies going bust; they were highly levered with speculative money
China markets in free fall
Our stock market is no longer "real", it is highly overvalued by just a few big players like Amazon, Netflix, etc who have been buying their own stock to look good, sort of retail quantitative easing, if you will.
ie: there is no real money and no real valuations, and has not been for a long time.

Most American's pay has not shown an increase in 2 decades, and hidden inflation is eating us all alive. The 35% increase in MANDATED insurance premiums is gonna do in a lot of people.

Car dealerships are turning car loans into mortgage backed securities, and using sub prime loans to do it.
Then they repo the cars when payments stop, re-sell them and create MORE securities on the same car!

And just awhile back, banks once again decided to give home loans to people with poor credit scores, little income, etc.

It's 2008 all over again.

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Response to EEO (Original post)

Wed Aug 12, 2015, 01:24 PM

4. The Emperor has plenty of clothes. It's you and I that won't have any.

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Response to EEO (Original post)

Wed Aug 12, 2015, 01:26 PM

5. Don't worry -- the one percent will be just fine.

 

So, that's the main thing. Whew!

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Response to EEO (Original post)

Wed Aug 12, 2015, 01:27 PM

6. Good luck with that-

Short of a total change in the status - quo we're pretty well screwed, Capitalism unregulated has destroyed this country and is well on its way to destroying OUR planet, There is no longer anything close to sanity in the halls of congress or the house, "Greed is good" don't you know, (sarcasm)

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Response to EEO (Original post)

Wed Aug 12, 2015, 01:33 PM

7. Yes, but he's the emperor of Bareassistan. nt

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Response to EEO (Original post)

Wed Aug 12, 2015, 01:35 PM

8. The terrifying thing is that regular people didn't experience any "boom" since 2007-8. nt

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Response to EEO (Original post)

Wed Aug 12, 2015, 01:52 PM

10. Here is the pattern:

Republicans ride into office on a wave of temporary economic recovery wrought by Democratic policies, and they proceed to re-destroy the economy while in power.

The economy collapses just in time for Democrats to retake office, and they work to the extent they can to restore it. Republicans meanwhile spend the next few years creating/reinforcing the narrative that Democrats trashed the economy.

Republicans ride into office on a wave of temporary economic recovery wrought by Democratic policies, and they proceed to re-destroy the economy while in power.

The economy collapses just in time for Democrats to retake office, and they work to the extent they can to restore it. Republicans meanwhile spend the next few years creating/reinforcing the narrative that Democrats trashed the economy.

Republicans ride into office on a wave of temporary economic recovery wrought by Democratic policies, and they proceed to re-destroy the economy while in power.

The economy collapses just in time for Democrats to retake office, and they work to the extent they can to restore it. Republicans meanwhile spend the next few years creating/reinforcing the narrative that Democrats trashed the economy.

Republicans ride into office on a wave of temporary economic recovery wrought by Democratic policies, and they proceed to re-destroy the economy while in power.

The economy collapses just in time for Democrats to retake office, and they work to the extent they can to restore it. Republicans meanwhile spend the next few years creating/reinforcing the narrative that Democrats trashed the economy.

Republicans ride into office on a wave of temporary economic recovery wrought by Democratic policies, and they proceed to re-destroy the economy while in power.

The economy collapses just in time for Democrats to retake office, and they work to the extent they can to restore it. Republicans meanwhile spend the next few years creating/reinforcing the narrative that Democrats trashed the economy.

Republicans ride into office on a wave of temporary economic recovery wrought by Democratic policies, and they proceed to re-destroy the economy while in power.

The economy collapses just in time for Democrats to retake office, and they work to the extent they can to restore it. Republicans meanwhile spend the next few years creating/reinforcing the narrative that Democrats trashed the economy.

Republicans ride into office on a wave of temporary economic recovery wrought by Democratic policies, and they proceed to re-destroy the economy while in power.

The economy collapses just in time for Democrats to retake office, and they work to the extent they can to restore it. Republicans meanwhile spend the next few years creating/reinforcing the narrative that Democrats trashed the economy.

Republicans ride into office on a wave of temporary economic recovery wrought by Democratic policies, and they proceed to re-destroy the economy while in power.

The economy collapses just in time for Democrats to retake office, and they work to the extent they can to restore it. Republicans meanwhile spend the next few years creating/reinforcing the narrative that Democrats trashed the economy.

Republicans ride into office on a wave of temporary economic recovery wrought by Democratic policies, and they proceed to re-destroy the economy while in power.

The economy collapses just in time for Democrats to retake office, and they work to the extent they can to restore it. Republicans meanwhile spend the next few years creating/reinforcing the narrative that Democrats trashed the economy.

Republicans ride into office on a wave of temporary economic recovery wrought by Democratic policies, and they proceed to re-destroy the economy while in power.

The economy collapses just in time for Democrats to retake office, and they work to the extent they can to restore it. Republicans meanwhile spend the next few years creating/reinforcing the narrative that Democrats trashed the economy.

Republicans ride into office on a wave of temporary economic recovery wrought by Democratic policies, and they proceed to re-destroy the economy while in power.

The economy collapses just in time for Democrats to retake office, and they work to the extent they can to restore it. Republicans meanwhile spend the next few years creating/reinforcing the narrative that Democrats trashed the economy.

ad infinitum.



See a pattern?

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