Party like it's 1931 - DFWstangs Forums
 
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post #1 of 4 (permalink) Old 04-03-2009, 10:15 PM Thread Starter
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Party like it's 1931

The guy is a douche, but I thought this was a good article from another site


http://krugman.blogs.nytimes.com/200...-1931/?apage=3




Iím detecting a trend in commentary that I find slightly ominous. Some of the economic news lately has been slightly better than expected, which was bound to happen at some point (on average, after all, half the news should be better than expected). Mostly this is in the form of things getting worse more slowly, but it wouldnít be surprising if we see, say, an uptick in industrial production in a few months, as the inventory cycle runs its course.

If so, that doesnít mean the worst is over. There was a pause in the plunge in early 1931, and many people started to breathe easier. They were wrong.

So far, thereís nothing pointing to a fundamental turnaround this year, or next, or for that matter as far as the eye can see.
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post #2 of 4 (permalink) Old 04-03-2009, 10:54 PM
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This is the point in time, where the guy pulls his hands out of his pockets with his palms in the air to say, "I don't have anything left." Just wait until he's turned upside down and shaken like a crying baby just to get his last few cents.

You see, right now, things aren't looking better. It might appear that way, but A LOT of people got a wake-up call and figured out just how bad it is. Lifestyles are changing and the way people consume is too. Readjustments by a mass of consumers might make it look better briefly, but the inevitable is still going to happen.

Oh ya... just wait to see this place once Obama is done throwing money everywhere.
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post #3 of 4 (permalink) Old 04-04-2009, 04:03 PM
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It took the market three years to bottom in the 30s and we are only 15 months from the peak. I think this time is will be longer. Most people did not own a home in the '30s nor did they owe a year or two of income on a vehicle and credit cards. More debt = more time to unwind.
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post #4 of 4 (permalink) Old 04-05-2009, 06:59 PM
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Obama said everythings ok. I trust in the messiah i know he has extensive experience. No doubt in my mind the junior illinois senator will turn this thing around.

98 Brokra
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