It’s 2008. The U.S. Has Dragged the World into a Depression.

You are so right. I realized after I wrote that statement how selfevident it was.

 

I don't see much depression in Brazilian economy, nor asian economies. I could be partly blind, though - or maybe I just don't get it. If countries have any brains they will not throw money into any drain that just seems to spiral downwards, and if perception is that the US is not a good place to invest - it sort of intensifies everything.

I am waiting for a big propaganda/media push saying how conditions are extremely good for investing in the US - while all the time the world is really changing, with fortunes and power shifting.

Changing the fundamental opinion and perception of people is the hardest thing to accomplish - it takes a god damn long time listening to crap before you see the holy light, so to speak. People just don't want to change their opinions and certainly not their way of life adopting to a new reality. They would rather suffer until they're with their back to the wall, and absolutely need to do something different. Then they learn to do that, and are anew set in their ways.

 

"Conditions" will NEVER be good again in the US until the currency has been smashed*. Foreigners will then have the opportunity to pick up US assets on the cheap.

You'll need a lot of patience.

*opportunity for a swing trade at any time, of course.

 

i saw the thread's title, and i was sure it would be longwinded USA hater, 'SouthAmerica'

 

We of course are not in a depression by any stretch of the imagination... and they'll never use the "D" word until and unless is so obvious to everyone that it cannot be denied any longer. If there is any possibility of that, it's still years away.

 

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June 3, 2008

SouthAmerica: George Soros said today during his testimony before the U.S. Senate Commerce Committee that he sees signs of a coming market crash just like in 1987.
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Oracle George has spoken. Stock up on canned food items and water while you can. Obtain firearms if you have the means, or get friendly with those who have them. The end is nigh!

 

Why do they listen to this self-serving asshole? I guess because they are dumber than him.

 

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June 3, 2008

SouthAmerica: The latest issue of “The Economist” magazine dated May 31st, 2008 has an interesting article about the current housing market in the United States – “Dropping a brick” – Housing prices are falling even faster than during the Great Depression.

The article compares the current housing market decline versus the housing market decline during the early 1930’s.

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One thing that also dragged us into this is the skyrocketing prices of oil.






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