Economic nightmare scenario

POSTED BY: SignyM
UPDATED: Tuesday, August 18, 2026 19:56
VIEWED: 4053
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HERO

Thursday, February 7, 2008 4:34 PM

Quote:
Originally posted by chrisisall:
You'll see mister. Ten years from now when you feel the strain, and have to fix something on your car as opposed to just replacing it....and you get an aftermarket part 'cause they don't MAKE your car anymore....and gas is $8 a gallon...

1. I work for the government.
2. I live a mile from the office.
3. Ten years from now I'll be on my fourth new car...and it'll be under warranty...the good Japanese warranty.

H

CHRISISALL

Thursday, February 7, 2008 4:38 PM

Quote:
Originally posted by Hero:

3. Ten years from now I'll be on my fourth new car...and it'll be under warranty...the good Japanese warranty.

Why do you hate America, Hero?

isall

FLETCH2

Friday, February 8, 2008 6:41 AM

Quote:
Originally posted by Hero:
Quote:
Originally posted by chrisisall:
Signy, if it happens as written, it won't be literally overnight, so expect the conservative element here to spend a lot of time poo-pooing it- until they lose their jobs or homes, that is.

Good point. If you believe there is going to be a crash...go to amazon.com, type in 'Crash' and you'll see a bunch of books telling you how to survive or profit from the coming global crash. Sure, most were about the crashes that never happened...but just buying the book will make you feel better.

Only a disaster that is external to the market and global in scope will cause the crash you refer to. So go ahead and play Chicken Little all you want...I've got work to do, money to make, things to buy, and life to live.

H

It's actually not that far fetched it's a basic cascade failure, where one part failing puts more stress on another neighboring part which itself fails. I can't tell you if there is a legal equivalent but it's a well established engineering principle and we've already seen it in effect in the mortgage crisis. The only real question is is it catastrophic or containable, and that will depend in large part on the strength of other parts of the economy and any feedback mechanism that are put in place -- that injection of capital by the Fed, that's an example of feedback, something you do counter to the prevailing trend, we'll have to see what else gets done and when.

6IXSTRINGJACK

Friday, February 8, 2008 8:20 AM

Can anybody else just see the smug look on Hero's face when he talks about how great he is?

"A government is a body of people, usually notably ungoverned." http://www.myspace.com/6ixstringjack

FREMDFIRMA

Friday, February 8, 2008 11:50 AM

Not really, every time I get a visual image of him, it's just the back of his head bobbing up and down as he does his lewinsky impression for the boss.

-F

Yes, I went there, deal with it.

JAYNEZTOWN

Sunday, March 2, 2008 1:20 AM

watch this video

CANTTAKESKY

Sunday, March 2, 2008 4:57 AM

Thanks for the article, Sig. Now if I could only understand it! All I got was:

Blah, blah, blah, Americans owe money, blah, blah, they can't pay it back, blah, blah, they can't go shopping, blah, blah, businesses will suffer and owe more money, blah, blah, everyone will be out of a job.

Sorry. I can read science. Economics is like a foreign language that I have to translate into "Money for Dummies."

So if my translation is off, please correct me. Thanks.

--------------------------
I have been through some terrible things in my life, some of which actually happened.
--Mark Twain

FREMDFIRMA

Sunday, March 2, 2008 7:11 AM

Heh, that's better than I did on translation.

All I got was, damn, that smells like Usury, and "Bills of Credit" and "any Thing but gold and silver coin"... and the distinct reek of why those things were forbidden in the first place.

To be blunt, to someone like me it looks like a house of cards built on a table of tissuepaper fiction, and someone just opened a window.

I'd say it's not my problem, but other people and their cursed Government seem hell bent on making it so, especially when I feel the bite of their extortionate taxes chewing on my wallet all damn day long.

-Frem

It cannot be said enough, those who do not learn from history, are doomed to endlessly repeat it

SIGNYM

Tuesday, March 4, 2008 7:58 AM

CTS- You got it right. See, you CAN read economics!

---------------------------------
Let's party like it's 1929.

CANTTAKESKY

Wednesday, March 5, 2008 5:00 AM

Quote:
Originally posted by Fremdfirma:
To be blunt, to someone like me it looks like a house of cards built on a table of tissuepaper fiction, and someone just opened a window.

I think you're right. That's why it goes from "Businesses will suffer and owe more money" to "Everyone will be out of a job." Because each business is one of the cards in that house of cards.

I dread the horrid times ahead. The question is, will it give us a fresh, clean start to fix our mistakes, or will we just get uglier?

--------------------------
Buy land, they're not making it anymore.
--Mark Twain

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