Video: Fischer 'Worst of Real Recession Yet to Come': Could Be 'Depression-Like'

Discussion in 'Economics' started by ByLoSellHi, Dec 22, 2008.

  1. The bottom line being.....

    Where is the money coming from that creates the prices for cars and houses ?

    How can an economy adjust when the money that used to be available to price all goods and services ...has been cut down by 70% ....or more ?
     
  2. Recessions since the creation of the Fed have mostly been intentional, orchestrated, and controlled.... to temporarily cool the very inflationary pressures which the Fed and Gummint created.. (not sure how the '74 oil shock recession fits into this description, however.)

    The economy always made a smart recovery whenever the Fed stepped off of the brake and onto the gas...

    This time is different... I'm viewing the economy as having suffered "credit exhaustion while the Fed kept mashing the money-pump pedal"... this is very, VERY different... and unique to the history of the US.

    There will be some sort of a "recovery" in economic activity as the Gummint gets money into the hands of the unemployed and "credit tapped-out". That money will come in the form of various stimulus programs and will be funded by (1) transferring money from the "haves" to the "have-nots", and (2) The Gummint/Fed printing money willy-nilly... aka Socialist NObamanomics.

    Nobody knows how long it will take to get the distributions made, how willing people will be to "spend it all + all they can borrow", how willing creditors will be to lend, how bad the inflationary and currency debasing effects will be.... we really can't even imagine how deep the plunge might be before any kind of turn-around gets traction.

    It's likely to be a much worse and much longer decline than most today can envision.
     
  3. The Gummint is going to try to reignite the economy with "stimulus"... likely won't work.

    And "stimulus" is a euphemism for "socialistic redistribution of wealth"... through various forms of taxes and currency-debasing inflation.
     
  4. Won't that be known as Bushanomics?
    Under Bush's watch we've BAILED out the banking, hedge fund, auto, insurance and real estate businesses...

    Obama hasn't done fuck all (yet). But there's not much left for him to nationalize/bailout/print...
     
  5. Bushanomics is different... his administration immorally reimbursed all the dumbfuck risk takers at the public's expense.

    Bush is SHIT.. deserves to rot in HELL!

    But NObamananomics is different.... He's going to milk the "haves" for the benefit of the "have nots" in exchange for political power. There can be no greater immoral nor evil calling... :mad:
     
  6. Gnome wrote.....

    Bush is SHIT.. deserves to rot in HELL!


    Among others ie Cheney....Greenspan....


    1000% agree !!!!!!!!!!!!!!!


    And they are walking ..............


    .................................................

    Obama seems to be politico-robotic....
    And has made a 100 on checking the
    right boxes....

    The problem is.....He makes a good grade based on
    the same structure....

    It is the structure that has to change first....
    Then put in some good soldiers.....
     
  7. GreenScam got "knighted"... SHOULD HAVE BEEN FUCKING INDICTED! He is the financial markets equivalent of HITLER!!!
     
  8. China would have hung all three....and more.....
     
  9. None of this matters if your in a industry that makes money.

    90% will fall into the world of poverty. The 10% who make will flurish. Welcome to the Cass system, hopefully, most of you clowns will be in the 10%.
     
    #10     Dec 22, 2008