[hermit]

I've heard that after we recover in 2 years or so, we'll be faced again with spiking oil, followed by another crash. This is expected to play out in 3 years or so.
But the housing/credit bubble has already popped, so I can't see the next slump being as bad as this one. Nonetheless, some say it's going to be worse.

I'd like to hear everyones thoughts on this: When do you expect the next crash, and why? How bad do you expect it to be, and why?
Thanks,
Hermit.

[Leanan]

I was thinking the next crash would be March. Now I'm thinking it might be sooner.

The banking industry is teetering on the brink again.

[vision-master]

Like we ain't in crash mode right now? WTF.

[hermit]

$this->bbcode_second_pass_quote('vision-master', 'L')ike we ain't in crash mode right now? WTF.

[IgnoranceIsBliss]

If you believe this crash will end in two years, you are in for a surprise. I just don't see how we can pull out of this tailspin. Sure, we can inject gov't money and build some roads and bridges, but then those jobs will vanish as soon as the projects end. Then what?

So assuming (a big leap of faith) that we are able to borrow and spend our way to some kind of recovery (more like a stabilization of current status), the next crash would be when the dollar collapses or stagflation sets in. We are already seeing a great deflation in wages which I think is permanent.

[miskatonic]

Yes it will end. We are not headed for a Mad Max world. Think more like Soylent Green.

[hermit]

$this->bbcode_second_pass_quote('miskatonic', 'Y')es it will end. We are not headed for a Mad Max world. Think more like Soylent Green.

[charliebrownout]

$this->bbcode_second_pass_quote('Leanan', 'I') was thinking the next crash would be March. Now I'm thinking it might be sooner. The banking industry is teetering on the brink again.

[Leanan]

I think, even without the lying, the fundamentals aren't good for stocks. People are losing their jobs, which means they don't have money to invest in stocks, even if they want to.

[AlexdeLarge]

$this->bbcode_second_pass_quote('hermit', '')$this->bbcode_second_pass_quote('miskatonic', 'Y')es it will end. We are not headed for a Mad Max world. Think more like Soylent Green.

[NoWorries]

Things have the potential to get ugly (ie--civil unrest) within the next 2 years. I'm not a fan of doomerish sentiment, but we must acknowledge that we will likely see:
1) price controls;
2) soup kitchens;
3) unemployment over 15%;
4) massive cuts in defence spending (and corresponding geopolitical instability);
5) dollar collapse? (ie--depreciation of 30-50%).

[bratticus]

$this->bbcode_second_pass_quote('cbxer55', 'E')verything tastes like chicken.
Even alligator, if a bit gamey!
Put some hot sauce on it, its all good.
Just dont go talkin about soylent brown!

[Armageddon]

$this->bbcode_second_pass_quote('hermit', '')$this->bbcode_second_pass_quote('vision-master', 'L')ike we ain't in crash mode right now? WTF.

[bratticus]

$this->bbcode_second_pass_quote('Armageddon', 'B')TW, did you know the US gained its wealth by being at one time, the largest oil producing country in the world ?

[Armageddon]

The Rothschilds and Europe have stolen the US' real wealth, gold. Now we are stuck with fiat money and bad loans. The world has slowed its lending of money to ths US which will destroy what's left of it. The only thing they can do now is borrow from itself which will cause hyperinflation. The world no longer wants its t-bils. Who can blame them.

[shady28]

$this->bbcode_second_pass_quote('Armageddon', 'T')he Rothschilds and Europe have stolen the US' real wealth, gold. Now we are stuck with fiat money and bad loans. The world has slowed its lending of money to ths US which will destroy what's left of it. The only thing they can do now is borrow from itself which will cause hyperinflation. The world no longer wants its t-bils. Who can blame them.

[Armageddon]

China says lending to US will not go on forever
AFP via Yahoo!News:
$this->bbcode_second_pass_quote('', 'C')hina warned Wednesday it would not keep lending money to the US economy indefinitely, even as new data showed it had consolidated its position as the top buyer of American government bonds.
"China's increased purchase of US Treasury securities should not be interpreted as an endorsement of the assumption that the US can borrow its way out of the current financial crisis," the China Daily said in an editorial.
The warning from the state-run newspaper, an English-language daily that mainly addresses a foreign audience, came after the US Treasury Department reported a steep increase in Chinese holding of US Treasury bonds.

[Heineken]

There will be a "Credit Crisis II," far worse than "Credit I," because the collapse of the banks is not over the way many want to pretend it is.

It is impossible to overstate how serious the real estate collapse is. We are going to go through another massive wave of defaults leading to a Depression.

[Spanktron9]

$this->bbcode_second_pass_quote('Armageddon', '')$this->bbcode_second_pass_quote('hermit', '')$this->bbcode_second_pass_quote('vision-master', 'L')ike we ain't in crash mode right now? WTF.

[bratticus]

$this->bbcode_second_pass_quote('Armageddon', 'T')he Rothschilds and Europe have stolen the US' real wealth, gold.