United States Heading towards a Depression?

With inflation the C will increase.

Inflation was 4.1 % last month and the FED pumped an additional 60 billion into th economy this month

http://money.cnn.com/2008/01/04/news/economy/fed_auctions.ap/index.htm?postversion=2008010413

 

Last 10 years? Are you even listening to yourself? Go back to the drawing board and do the math again.

 

Sorry it should of been 34% in the last 10 years. Not 25%

 

Take those numbers and put them up against inflation and consumer price index and come here with the results.

Let me give you a little bit of help.
http://www.bls.gov/
http://data.bls.gov/cgi-bin/cpicalc.pl

 

Thats just stupid. Another depression? Yea right!

 

Honda doesn't have to deal with the UAW.
Honda can hide first model year problems in Japan.
Honda supports a limited line up.
Honda, like Toyota, enjoy many biases in America.

Of course they are doing well.

 

On top of all the other problems you have a housing crash. Prices are disconnected from fundementals.

The is only the beginning of the housing crash. The pain will come when the banks start unloading the foreclosures.

The whole housing boom was built on fraud and cheap credit and now the bill is coming due.

 

foreclosures are already being unloaded. I am trying to save up as much money as possible right now, so that I can buy a nice foreclosed house in cash at a young age.

 

The begining was back in 2006, check out www.mortgageimplode.com. A lot of this is behind us and what is left will be artificially avoided by putting the burden of the foolishness of a few on many tax payers.

 

The subprime lenders were just the middlemen. The loans were repackaged on wallstreet as securities and a lot of the forclosures are still ahead of us.

 

where i live they are trying to sell the foreclosures but they have not really slashed prices yet, and they are not really selling

yeah maybe 30% of it

in a lot of places they aren't even done building the complexes and building that were started in the bubble with the inflated prices in mind

 

That couldn't be more true. It is indeed a scarry situation. Today, both the European and the Asian markets have taken a plunge. Immediate and efficient solutions are in order. If not, the financial crisis will be chaotic

 

They make a better vehicle.. I think that lack of UAW feeds into the equation in the regard as well...

Prior to unions, made in America meant quality, not patriotism...

 

Don't worry, I'm gonna vote for Ron Paul, so all this won't matter anyway....

 

European and the Asian have been big subprime lenders and face hundreds of billions in loses.

The housing bubble is busting and there's no where to go but down.

 

It meant quality AND affordable prices. Imported goods were generally considered either inferior or expensive, like Gucci leather and Italian cars.

 

Very funny. Seriously though, I have posted numerous sound technical arguments, and they don't get a response. I'm not expecting you to defend your position, but hopefully it is showing you another side to the story and providing food for thought.

ReadyToGo does the same thing with me when we discuss monetary policy. We get so far into the argument (usually getting past the semantic games), and then he disappears.

Tis a shame, because I really believe that economics can be the health of a society. It's a worthy field to discuss in.

 

As it should. The market naturally wants to liquidate bad debt.

The economy will be a lot healthier for having sound mortgages held by credit worthy people who can afford them.

 

You're a waste of time. You dont understand economics, nor do you care to. Its obvious by now that you have no position other than "GWB says its doin good so I think so too." Stick with that, we'll see how you do.

 

Don't forget to add Gtech to that list. Mia will do and say as Gtech pleases. I'm glad more and more members are seeing these people for what they truly are.