Ilargi: Today's a pivotal day, the entire system has started to visibly tumble in on itself, and it unfortunately takes me more time than I have right now to detail it. There's always tomorrow. But the evidence still doesn't lie.
Exchanges can rally all they want. When you see that "US prices fall most since 1955", you’re looking at something that could change rather quickly. Once you get to "US production capacity utilization lowest since records began in 1967", that is not the case. There's a lot more inertia in capacity utilization. Detroit runs at 42% of capacity, and all economic numbers except for those blurting out of Wall Street and Washington indicate that even that is nowhere near a bottom relative to actual sales.
Read on...
Disbelief Revisited Once Again
The U.S. is, in the best case scenario, entering an economic depression that will be far worse than both the Great Depression of the 1930s and the Panic of 1873. At worst, the USA will collapse altogether. I now think that the situation is actually, amazingly, worse than even this! I believe that our government is on total tilt; they have pushed trillions into the pot, and they feel now like there's no way they can fold the hand. They will, as such, print and spend TENS of TRILLIONS more in an effort to stave off depression. And in doing so they will destroy the nation.
Read on...
Peacenik says do not read these two posts if you are depressed, suffer from anxiety, have a lot of debt, feel nervous about the future, or have any neurosis of any type. Ilargi has virtually called the end of the world....doomsday. And Dan W. provides an eye-popping summary of why it is so. Is the world economy in its final death spiral? Will a growth economy miraculously re-appear? Will the bailouts suddenly start working? When the only engine of the economy is government debt the end is nigh. The U.S. is going to hire 1.3 million people to work on the 2010 census. This will distort future employment figures. But when that is the only good data point in the U.S. economy, it is hopeless. Is the economy in a death spiral? Ilargi thinks so. Dan W. thinks so. Peacenik thinks............and thinks............and thinks.
Exchanges can rally all they want. When you see that "US prices fall most since 1955", you’re looking at something that could change rather quickly. Once you get to "US production capacity utilization lowest since records began in 1967", that is not the case. There's a lot more inertia in capacity utilization. Detroit runs at 42% of capacity, and all economic numbers except for those blurting out of Wall Street and Washington indicate that even that is nowhere near a bottom relative to actual sales.
Read on...
Disbelief Revisited Once Again
The U.S. is, in the best case scenario, entering an economic depression that will be far worse than both the Great Depression of the 1930s and the Panic of 1873. At worst, the USA will collapse altogether. I now think that the situation is actually, amazingly, worse than even this! I believe that our government is on total tilt; they have pushed trillions into the pot, and they feel now like there's no way they can fold the hand. They will, as such, print and spend TENS of TRILLIONS more in an effort to stave off depression. And in doing so they will destroy the nation.
Read on...
Peacenik says do not read these two posts if you are depressed, suffer from anxiety, have a lot of debt, feel nervous about the future, or have any neurosis of any type. Ilargi has virtually called the end of the world....doomsday. And Dan W. provides an eye-popping summary of why it is so. Is the world economy in its final death spiral? Will a growth economy miraculously re-appear? Will the bailouts suddenly start working? When the only engine of the economy is government debt the end is nigh. The U.S. is going to hire 1.3 million people to work on the 2010 census. This will distort future employment figures. But when that is the only good data point in the U.S. economy, it is hopeless. Is the economy in a death spiral? Ilargi thinks so. Dan W. thinks so. Peacenik thinks............and thinks............and thinks.
