Quote:
Originally Posted by Ferd
I think you might have taken me wrong. I wasnt saying this is like 2000. (I said most agree that this is worse. So the 2000 recession provides some benchmarks. if 2000 lost 43% of the NYSE value, then this time it should be worse, no?
I do think there is a chance we can come out of this by 2010 and be ok. I dont think it is a perfect storm....yet.... But with the dems in charge of everything, we have the potential to slide hard into a real serious depression.
I have heard the other "D" word used this week. Deflation. that is really really bad.
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Perhaps it will come out in time for a $50 gift certificate to be due to you?
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