Are You Prepared For a Rough Ride in 2009?

[Ferd]

Originally Posted by Edward Anglin

Where is Ferd, Pressing On and all of the other optimistic folk who said we weren't in a recession, we weren't going into a recessiom, and that all of the economic worry was unfounded?

This is not a recession. This is a depression.

Mr. Piano is right. This is gonna get hairy.

and I really think (as I have previously stated) this will be over by the end of this year.

it wont be as bad as the late 70's but worse than anything from then to now.

the caviat is how much messing around the dems do that might drag it out longer or even make it worse. (the jury is still out on what the BHO and the Libs will do)

[EA]

Originally Posted by Ferd

Dude, I posted just above you!

in fact we didnt enter a recession until the last quarter of 2008. we are still in it (I think).

Depression? This has yet to get as bad as the 1970's. sure there is a possiblity that it will get that bad and maybe worse... but it hasnt yet.

Incorrect.

This *recession* started in December of 2007, so we have been in it for five quarters - or fifteen months.

[StillStanding]

Originally Posted by Ferd

and I really think (as I have previously stated) this will be over by the end of this year.

it wont be as bad as the late 70's but worse than anything from then to now.

the caviat is how much messing around the dems do that might drag it out longer or even make it worse. (the jury is still out on what the BHO and the Libs will do)

This is going to make the 70's look like a Sunday School picnic before it's over!

[CC1]

I am not worried since Mr. Steinway has big enough of a house for me and my wife to move in with him if things get too bad!

On a serious note once again the lone account I manage for my company has it's contract up and I am in my annual weeks long sweat wondering if I have a job or not.

[EA]

Originally Posted by Mr. Steinway

This is going to make the 70's look like a Sunday School picnic before it's over!

It already has.

Lets stop speaking about how bad it is going to get, as if there is some future crisis coming.

It is bad NOW. It is going to get WORSE before it gets better. Much worse.

We are on the verge of complete meltdown.

I will boldly declare that we have never seen anything like this, not even the Great Depression. This crisis has fundamentally changed America - FOREVER.

[Ferd]

Originally Posted by Edward Anglin

Incorrect.

This *recession* started in December of 2007, so we have been in it for five quarters - or fifteen months.

link me to the statistics.

a recession is 2 quarters of negative growth. the first 2 quarters of 2008 showed flat or slight postive growth. not technically a recession.

unless you can provide statistics to back that up?

[Ferd]

Originally Posted by Mr. Steinway

This is going to make the 70's look like a Sunday School picnic before it's over!

not sure why you are saying that. your old enough to remember the 70s bro. that was really bad.

[StillStanding]

Originally Posted by CC1

I am not worried since Mr. Steinway has big enough of a house for me and my wife to move in with him if things get too bad!

On a serious note once again the lone account I manage for my company has it's contract up and I am in my annual weeks long sweat wondering if I have a job or not.

It's good to hear from you! Where have you been?

I'll be praying for your job situation! After all, I would have the monumental task of informing Mrs. Steinway of our new-found closeness!

I might end up having to join you guys by sharing a tent somewhere!

[Ferd]

Originally Posted by Edward Anglin

It already has.

Lets stop speaking about how bad it is going to get, as if there is some future crisis coming.

It is bad NOW. It is going to get WORSE before it gets better. Much worse.

We are on the verge of complete meltdown.

I will boldly declare that we have never seen anything like this, not even the Great Depression. This crisis has fundamentally changed America - FOREVER.

Ed, it is going to have to get a lot worse before we reach those levels.

It is NOT as bad as the late 70's not even close.

[EA]

2 trillion has been added to the deficit IN THE PAST SIX MONTHS!!!!!!

3.8 million jobs have been lost ALREADY.

State governments are shutting down.