Too Late to Avoid a Depression?

[Guest]

I found this to be an interesting article: http://articles.moneycentral.msn.com/Investing/SuperModels/too-late-to-avoid-a-depression.aspx?page=1

[Guest]

I found this to be an interesting article: http://articles.moneycentral.msn.com/Investing/SuperModels/too-late-to-avoid-a-depression.aspx?page=1

Depressing, isn't it? [groan!]

[Guest]

understand....we are are a long way from the threshold numbers that qualify for "depression".

Remember over 90& still gainfully emp;loyed....over 93% still paying their mortgages.

Do not be a lemming and fall in line with the doom and gloom communications of the media and now the POTUS himself.

The more frightened they can keep the masses, the more power they wield.

If just for once Obama would say we have to get the rest of the people taken care of like the majority...if he would just once be a cheerleader indtead of chicken little....and don't buy the BS he is telling it like it is because he or the media are NOT.

Even Bill Clinton is saying Obama needs to lighten up on the doom and gloom.

Doom and gloom are easy to deliver on...one need not do much to make it happen or avoid it. And that is what is happening now.

BTK

[Guest]

Writing like this at least informs the public. My only hope is that two factors will soften the free-fall into depression...
First, the U.S. will quickly run into difficulty selling it's Treasury bills. That's already begun to happen. There's a reason that Secretary of State Clinton made an entreaty to the Chinese to keep buying our t-bills in her visit to Beijing a couple of days ago. China's export-driven economy is slowing so dramatically that they will have to spend their extensive treasury reserves in their own country to address the problems caused by burgeoning unemployment, closed factories, etc. Without the trillions of borrowed dollars that would fund our Congress's stimulus and spending plans, we will have to bring all but essential spending to a screeching halt. That would be a discipline that our Congress hasn't had the gumption to submit itself to for over a decade.
Secondly, I believe that Americans are still big-time closet consumption addicts. All it will take is a little good news, maybe some new credit availability, and we may begin to spend again and be able to "consume ourselves" into a recovery of a sort.

[Guest]

Depressing, isn't it? [groan!]I don't get sad... I get mad!