[LateGreatPlanetEarth]

let's be sensible about this. for talking purposes, there's 20% less economic activity in the the usa. now wouldn't it be a better country than with all the unnecessary spending activity. for example, sears stays, hot topic goes; eight car trips a day, not ten; 2000 calories per day, not 2500; clothes for warmth, not style, 20% reduction in sporting and entertainment, etc.
the people then temporarily unemployed would not be any less useful than when employed doing their nonessential job...quality of life is the issue.

[MrBill]

$this->bbcode_second_pass_quote('LateGreatPlanetEarth', 'l')et's be sensible about this. for talking purposes, there's 20% less economic activity in the the usa. now wouldn't it be a better country than with all the unnecessary spending activity. for example, sears stays, hot topic goes; eight car trips a day, not ten; 2000 calories per day, not 2500; clothes for warmth, not style, 20% reduction in sporting and entertainment, etc.
the people then temporarily unemployed would not be any less useful than when employed doing their nonessential job...quality of life is the issue.

[LateGreatPlanetEarth]

the mean avg for peak is around 2010, then according to the party book, it bobbles on the plateau for 4 years; so just a possible recession but not much more until sometime after 2013.

[threadbear]

$this->bbcode_second_pass_quote('LateGreatPlanetEarth', 'l')et's be sensible about this. for talking purposes, there's 20% less economic activity in the the usa. now wouldn't it be a better country than with all the unnecessary spending activity. for example, sears stays, hot topic goes; eight car trips a day, not ten; 2000 calories per day, not 2500; clothes for warmth, not style, 20% reduction in sporting and entertainment, etc.
the people then temporarily unemployed would not be any less useful than when employed doing their nonessential job...quality of life is the issue.

[AirlinePilot]

$this->bbcode_second_pass_quote('LateGreatPlanetEarth', 't')he mean avg for peak is around 2010, then according to the party book, it bobbles on the plateau for 4 years; so just a possible recession but not much more until sometime after 2013.

[threadbear]

$this->bbcode_second_pass_quote('AirlinePilot', '')$this->bbcode_second_pass_quote('LateGreatPlanetEarth', 't')he mean avg for peak is around 2010, then according to the party book, it bobbles on the plateau for 4 years; so just a possible recession but not much more until sometime after 2013.

[grabby]

The next round of energy-shortage-induced stagflation will leave central bankers helpless and they will seek military solutions to their economic problems. This certainly isn't the first time that faith in the Market god has led to military solutions.

Our fearless leader has said we have to stay in the mideast with our wrriors until mid 2008

Now, can anyone guess why?
See, when it comes down and we have a fuel shortage we have to be in the area to protect interests or we won't get any.

1+1=2


What is going to happen within a year and 3 months??

[RonMN]

Foreclosures Increase 19% in January

Quote:

the leading online marketplace for foreclosure
properties, today released its January 2007 U.S. Foreclosure Market Report,
which shows that 130,511 new foreclosure filings were reported during the
month, an increase of 19 percent from the previous month and an increase of
25 percent from January 2006. The report also shows a national foreclosure
rate of one new foreclosure filing for every 886 U.S. households.
RealtyTrac publishes the largest and most comprehensive national
database of pre-foreclosure and foreclosure properties, with over 800,000
properties from nearly 2,500 counties across the country, and is the
foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The
Wall Street Journal's Real Estate Journal.

[seahorse]

Here's an article reporting S&P 500 earnings show downward trend. Most interesting to me were comments that its not the "double digit" profits that are the issue, but the lack of optimism in various companies forward looking statements.

$this->bbcode_second_pass_quote('', 'S')tandard & Poor's 500 companies that failed to achieve double-digit profit growth for the first time since 2002 have another dubious accomplishment. S&P says the companies are falling short of earnings expectations at a pace not seen in more than two years.

[eXpat]

Looks that the piper is coming to get paid, see this article of today in CounterPunch, link here

From the article above:
$this->bbcode_second_pass_quote('', 'G')reenspan successfully piloted the nation into virtual insolvency. In fact, the parallels between our present situation and the period preceding the Great Depression are striking. Just as massive debt was accumulating in the market from the purchase of stocks "on margin", so too, mortgage debt between 2000 and 2006 soared from $4.8 trillion to $9.5 trillion. In both cases the "wealth effect" spawned a spending spree which looked like growth but was really the steady, insidious expansion of debt which generated economic activity. In both periods wages were either flat or declining and the gap between rich and working class was growing more extreme by the year.

[AFO]

Recession will be official in April 2007.
Depression is Officially considered when wallstreet crashes down at least 10%. This one is harder to guess, depending on how serious Iran/U.S. war will be.

Europe 2020

[threadbear]

Thanks so much for that link, Afo. Very helpful

Expat--Here's another bit from the counterpunch article that compares the 1920's economic environment with our recent past/present?


Mike Whitney--Counterpunch:


"(The income disparity) between the rich and the middle class grew throughout the 1920's. While the disposable income per capita rose 9% from 1920 to 1929, those with income within the top 1% enjoyed a stupendous 75% increase in per capita disposable incomeA major reason for this large and growing gap between the rich and the working-class people was the increased manufacturing output throughout this period. From 1923-1929 the average output per worker increased 32% in manufacturing8. During that same period of time average wages for manufacturing jobs increased only 8%

http://www.counterpunch.org/whitney02212007.html

[ColossalContrarian]

$this->bbcode_second_pass_quote('AFO', 'R')ecession will be official in April 2007.
Depression is Officially considered when wallstreet crashes down at least 10%. This one is harder to guess, depending on how serious Iran/U.S. war will be.

Europe 2020

[threadbear]

$this->bbcode_second_pass_quote('Sabibaby', '')$this->bbcode_second_pass_quote('AFO', 'R')ecession will be official in April 2007.
Depression is Officially considered when wallstreet crashes down at least 10%. This one is harder to guess, depending on how serious Iran/U.S. war will be.

Europe 2020

[eXpat]

threadbear, yes the similarities are quite worring, i just wonder for how long the economic inertia will sustain the current situation. It strikes me the forecast in the "GEAB N°12 is available! Global systemic crisis - April 2007", article:

$this->bbcode_second_pass_quote('', 'I')n April 2007, nine practical consequences of the unfolding crisis will converge:

1. Acceleration of the pace and size of bankruptcies among US financial organisations: from one per week today to one per day in April
2. Spectacular rise of US home foreclosures: 10 million Americans out on the street
3. Accelerating collapse of housing prices in the US: - 25%
4. Entry into recession of the US economy in April 2007
5. Precipitous rate cut by the US Federal Reserve
6. Growing importance of China-USA trade conflicts
7. China's shift out of US dollars / Yen carry trade reversal
8. Sudden drop of US dollar value against Euro, Yuan and Yen
9. Tumble of Sterling Pound

[bshirt]

$this->bbcode_second_pass_quote('MrBill', 'A') Canadian with an American obsession? I happen to think that personal bankruptcy means exactly that. You lose your assets. Period. You can start over. But from scratch. Bankruptcy should never be an easy out. Period.

[MrBill]

$this->bbcode_second_pass_quote('bshirt', '')$this->bbcode_second_pass_quote('MrBill', 'A') Canadian with an American obsession? I happen to think that personal bankruptcy means exactly that. You lose your assets. Period. You can start over. But from scratch. Bankruptcy should never be an easy out. Period.

[Baldwin]

I have 60k of stock on the line. I wouldn't be surprised with an april 2007 collapse. I have been reading too many well-put together "doomer" pieces of mail to believe that the good times (if you can call them that) will last forever.

[MrBill]

$this->bbcode_second_pass_quote('Baldwin', 'I') have 60k of stock on the line. I wouldn't be surprised with an april 2007 collapse. I have been reading too many well-put together "doomer" pieces of mail to believe that the good times (if you can call them that) will last forever.

[vision-master]

$this->bbcode_second_pass_quote('MrBill', '')$this->bbcode_second_pass_quote('threadbear', 'N')ew documentary, "maxed out".


Finally, Maxed Out explores the financial industry's influence over the President and Congress. When you are the largest contributor to a President's re-election campaign, you can not only write laws but you can eliminate one of the oldest federal rights: bankruptcy. The industry gets whatever it wants. The result? Traditional protections disappear. The rich get richer and the poor get poorer. The situation becomes even more absurd as George W. Bush implores Congress not to leave Iraqis with debt at the same time National Guardsmen are forced to declare bankruptcy in Baghdad and the average American household's share of the national debt rockets to nearly $90,000.

At times hilarious, at times deeply disturbing, Maxed Out forces us to face the consequences of our national debt addiction: the suicides, the ruined lives and, ultimately, the disappearance of the American middle class.
http://www.maxedoutmovie.com/syn/index.html