Posted by rgoodwin on 16th of Apr 2010 at 02:28 pm
Sethbru - How do you interpret my post of wikipedia info as
wishing a great depression on the country - or did you maybe just
click on an easy post to the topic. I voiced not a single opinion
about anything here. Gee - nice!
I definitely do not think a 1930's depression would happen
again.A liquidation of malinvestment would be just a cleansing.I
don't envisage soup lines and the like when half the world owns 2
cars per family and a couple of investment properties...get rid of
the greed and start again.Encourage saving,family values and living
within your means IMO.
Posted by jdaswani on 16th of Apr 2010 at 01:04 pm
Are you sure you want a repeat of that? Like your self I have
been positioned more cautiously in the markets but the
ramifications beyond the market can be drastic. Realestate
collapses, families homeless, crime skyrocketing etc. I most
definetly would like to profit on the coming pullback its just I
fear this leg down will be more painful for all of us. Even if we
profit from this doomsday scenario we all suffer in other parts of
life. Hardships to friends, family always spillover in the end. So
do we want a repeat? I hope not but I fear its inevitable.
Posted by hurricanemalta on 16th of Apr 2010 at 01:18 pm
I do not view a market crash and across the board liquidation of
assets as bad.We need it.Presently we live in a world where saving
is not rewarded and asset bubbles are the name of the
game.Liquidation of all the bad investments made in the last decade
is a good thing IMO.I don't believe that families have to go
homeless....families can live with other family members..that IMO
is a good thing for society..that is getting back a sense of
community and family.So I don't care about my profit scenario at
all ..I want to see all the malinvestment liquidated and
although I don't favour hardship on anyone I also don't favour
hyperinflation on savers either.
So basically we have had a rally and solved nothing..GS has made
money but my parents now get zero return on their savings but GS
makes billions by betting with cheap credit...bring on the crash I
say and lets reset the system and society for that matter.We can
have a better world than this one.I am sick of living in world full
of greed and deception.
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you can see the beginning of the rollover mid April on the graph so no doubt the date I read about was on the money.
Wikipedia and the great depression Interesting...I added the RED
Posted by hurricanemalta on 16th of Apr 2010 at 12:52 pm
So you wish a Great
Posted by sethbru on 16th of Apr 2010 at 01:22 pm
So you wish a Great Depression on the country so you can make a few bucks. Shame on you.
Sethbru
Posted by rgoodwin on 16th of Apr 2010 at 02:28 pm
Sethbru - How do you interpret my post of wikipedia info as wishing a great depression on the country - or did you maybe just click on an easy post to the topic. I voiced not a single opinion about anything here. Gee - nice!
I don't wish a depression but a cleansing of this greed culture..read my further post below
Posted by hurricanemalta on 16th of Apr 2010 at 01:34 pm
I definitely do not think a 1930's depression would happen again.A liquidation of malinvestment would be just a cleansing.I don't envisage soup lines and the like when half the world owns 2 cars per family and a couple of investment properties...get rid of the greed and start again.Encourage saving,family values and living within your means IMO.
Are you sure you want
Posted by jdaswani on 16th of Apr 2010 at 01:04 pm
Are you sure you want a repeat of that? Like your self I have been positioned more cautiously in the markets but the ramifications beyond the market can be drastic. Realestate collapses, families homeless, crime skyrocketing etc. I most definetly would like to profit on the coming pullback its just I fear this leg down will be more painful for all of us. Even if we profit from this doomsday scenario we all suffer in other parts of life. Hardships to friends, family always spillover in the end. So do we want a repeat? I hope not but I fear its inevitable.
Frankly I think the system needs to be cleansed..
Posted by hurricanemalta on 16th of Apr 2010 at 01:18 pm
I do not view a market crash and across the board liquidation of assets as bad.We need it.Presently we live in a world where saving is not rewarded and asset bubbles are the name of the game.Liquidation of all the bad investments made in the last decade is a good thing IMO.I don't believe that families have to go homeless....families can live with other family members..that IMO is a good thing for society..that is getting back a sense of community and family.So I don't care about my profit scenario at all ..I want to see all the malinvestment liquidated and although I don't favour hardship on anyone I also don't favour hyperinflation on savers either.
So basically we have had a rally and solved nothing..GS has made money but my parents now get zero return on their savings but GS makes billions by betting with cheap credit...bring on the crash I say and lets reset the system and society for that matter.We can have a better world than this one.I am sick of living in world full of greed and deception.