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The D-word


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#1 Murph

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Posted 02 March 2009 - 05:05 PM

We might be there right now. Somewhat scary and makes me feel even more blessed that I have a business that appears to be somewhat stable through this mess although I may need to cut back my budget a little if things keep up this way.

http://finance.yahoo...f-14516271.html

#2 Htar

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Posted 02 March 2009 - 05:59 PM

I think we're headed there. And the government is helping us along.

#3 Panthro

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Posted 02 March 2009 - 06:04 PM

I cant believe they sent us into a depression in 5 weeks!!!!!

#4 mmmbeans

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Posted 02 March 2009 - 06:06 PM

Fastest depression evar!!! W00t!!!111

#5 Davidson Deac II

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Posted 02 March 2009 - 06:44 PM

Well, there was some good news today. Consumer spending and wages were actually up in January for the first time in 8 months.

#6 natty

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Posted 02 March 2009 - 07:13 PM

http://2.bp.blogspot...atrends3208.png

#7 APCegr

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Posted 02 March 2009 - 07:23 PM

This has been happening longer then 5 weeks. It just sucks Obama had this placed on his table, he could of been something good but now I don't even think anyone can get us out of this type of economic situation.

#8 Htar

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Posted 02 March 2009 - 07:38 PM

This has been happening longer then 5 weeks. It just sucks Obama had this placed on his table, he could of been something good but now I don't even think anyone can get us out of this type of economic situation.


Yes, we've been headed this way since the Fairness in Lending act of 1977. The high energy prices really pushed the cart over the cliff.

#9 cookinwithgas

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Posted 02 March 2009 - 08:21 PM

Again, HTAR proves its poor people who somehow make the rest of us suffer.

#10 Zod

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Posted 02 March 2009 - 08:33 PM

Conservatives are hoping we get there so they can point fingers. They hate America.


Enjoy.

#11 cptx

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Posted 02 March 2009 - 09:01 PM

This has been happening longer then 5 weeks. It just sucks Obama had this placed on his table, he could of been something good but now I don't even think anyone can get us out of this type of economic situation.




obamas table was set long before he knowingly sat down at it, all the while promising "change? yes we can!!"

did he bite off more than he could chew?

#12 pstall

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Posted 02 March 2009 - 09:15 PM

Not gonna be a depression.
92% of homeowners are paying ON TIME.
Unemployment is still under 7%. They may increase of course but all things considered, thats amazing.
Infrastucture WILL happen. Thats jobs and durable goods being bought and sold. Those that will be working will spend money, pay taxes.
Those making over 300k who talked smack about not minding to pay higher taxes are about to pony up.
Its tough and all. But the market simply couldn't keep going up the way it did. Contractions, recessions. They happen ever so many years.
Everyone needs to listen less to the media and more to their surroundings.
Trim the fat, pad some savings. Spend wisely and tip generously. Consumer CONFIDENCE is what is missing. From the lender to the lendee.
At a grass roots level, people can make a huge impact on the overall confidence of the market. I truly believe that.

#13 cookinwithgas

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Posted 02 March 2009 - 10:22 PM

Aren't you the guy who told us the market bottomed out last week or something?

j/k lol

#14 Darth Biscuit

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Posted 03 March 2009 - 09:16 AM

They actually had a whole segment on GMA today about the "depression" we're in...

#15 LiQuiD

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Posted 03 March 2009 - 09:35 AM

Just like how nobody would officially admit that we were in a recession until over a year after it actually started. I'm sure the admission of being in a depression will not be announced for at least that long after we're really in one, if they ever admit it despite the numbers.


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