I think some folk in Dallas would take issue. in 1985 we had a housing meltdown like nobodys business.
I remember double diget inflation in the 70''s AND double digit interest rates.
I have studied the great depression and I think anyone who lived thru that would consider it far worse.
somewhere around 1890 JP Morgan saved America from a complete banking collapse.
I dont agree that we are at a place we have never been before. there are surely some very bad things going on in our economy but there are also some other things that indicate some areas of stability.
its a mixed bag to say the least but the fact that it is mixed means there is some good....
and even if things do fall and fall hard, we have seen that happen too.
You and RD make some good points. I conceed to sevaral.
When I said Wilkeson was the loan voice, I meant that he was the only one who was specifically predicting a nationwide housing downturn. There may have been some economists doing the same, but I don't recall any.
I remember your regional housing issues in TX. It was bad. And the legislation that followed has lessened the effect to TX homeowners from the current crisis. The current economic crises is unique in that since the depression we do not have HPA. Since the depression foreclosures are at record rates. Housing at record lows and oil price being at record highs has formed a perfect storm. Oil price driving inflation and the devaluation of the dollar. Yes, the depression was far worse than were we are now, but we have to go back to the depression to find comparison to the stats that we hear almost daily. A few months ago ecomomists were going back to other housing slumps in the 90's and 80's for comparison stats--this ecomomy has blown those out of the water.
i am favored by God and i know where ever i am at he will take care of me, no worries
But you still wear a seat belt, I hope. And if, peradventure, statistics should catch up with you - do we blame God for not taking care of you? Or do we blame you for having some "secret sin" that you had failed to confess causing that cement truck to lose its brakes?
You and RD make some good points. I conceed to sevaral.
When I said Wilkeson was the loan voice, I meant that he was the only one who was specifically predicting a nationwide housing downturn. There may have been some economists doing the same, but I don't recall any.
I remember your regional housing issues in TX. It was bad. And the legislation that followed has lessened the effect to TX homeowners from the current crisis. The current economic crises is unique in that since the depression we do not have HPA. Since the depression foreclosures are at record rates. Housing at record lows and oil price being at record highs has formed a perfect storm. Oil price driving inflation and the devaluation of the dollar. Yes, the depression was far worse than were we are now, but we have to go back to the depression to find comparison to the stats that we hear almost daily. A few months ago ecomomists were going back to other housing slumps in the 90's and 80's for comparison stats--this ecomomy has blown those out of the water.
i think most economists would tell you that the stagflation of the 1970s was worse than what we see today.
the economic reality is that we have yet to have a single negitive quarter. it takes 2 of those to make even a small resession.
Bro, as bad as the oil prices are, It IS driving innovation. We are litterally on the verge of a MAJOR technological shift, the likes of which havent been seen since Henry Fords mass production model.
that kind of innovation drives HUGE economic advancement. We have issues. but we have had bigger issues before.
__________________ If I do something stupid blame the Lortab!
But you still wear a seat belt, I hope. And if, peradventure, statistics should catch up with you - do we blame God for not taking care of you? Or do we blame you for having some "secret sin" that you had failed to confess causing that cement truck to lose its brakes?
no i do not blame God but i do have to say that i will not test God, and i would not blame God, i have had many sicknessess. and God has brought me thru it all. but i was just saying that he said in the Bible that we need not to worry about what we are going to eat or what we are going to wear, and i do not have any secret sin in my life, and if i get sick again than i will ask for healing. and if he does not heal me, than however the Lord takes me is how he will take me, but i do n ot have a proud spirit about that, and if it seemed as though i did, please forgive me
__________________
JESUS--MESSIAH--LORD ABOVE ALL NAMES
BLESSED REDEEMER---EMANUEL
i think most economists would tell you that the stagflation of the 1970s was worse than what we see today.
the economic reality is that we have yet to have a single negitive quarter. it takes 2 of those to make even a small resession.
Bro, as bad as the oil prices are, It IS driving innovation. We are litterally on the verge of a MAJOR technological shift, the likes of which havent been seen since Henry Fords mass production model.
that kind of innovation drives HUGE economic advancement. We have issues. but we have had bigger issues before.
Technology is coming to the rescue. I have always thought that the standard hybrid car was a bit of a joke considering how much they saved versus their cost, and even cost to produce by the manufacturer. But there is a new breed of hybrid just about to hit called the plug-in. THIS is the true game changer and the future of how everyone will be driving in a decade or two. The plug-in can also be easily charged by sources of electricity that are not constant, such as solar and wind, much more acceptably then the normal home.
why would God single this country out? It's not like the U.S. was ordained by God to be a holy nation of priests and kings.
ARPH
It is God who allows empires and strong nations to rise, and to fall in due time. America has been a virtual empire for a long time. Those days seem to be coming to a close.
It seems evident that China and the European Union are on track to become the world's next superpowers.
__________________ http://endtimeobserver.blogspot.com
Daniel 12:3 And those who are wise shall shine like the brightness of the firmament; and those who turn many to righteousness, like the stars for ever.
It is God who allows empires and strong nations to rise, and to fall in due time. America has been a virtual empire for a long time. Those days seem to be coming to a close.
It seems evident that China and the European Union are on track to become the world's next superpowers.
It appears that way but truth is we don't know...yet.
__________________ "I have had a perfectly wonderful evening, but this wasn't it."
America is more christian than any other nation. America is more moral than any developed nation.
Why hasnt God blased France of the map? or Belgium? or Germany? or any other country that allows nudity on its regular airwaves, and who are vastly more open to sinfullness than the USA?
God's judgement has always been when the "cup of iniquity is FULL"
Come on people no nation in this world today has the moral standard that the United States of America has NO NATION.
Are we slidding towards sinfullness? Yep. sure are. some day we will be there. But remember what happened when God judged Israel, the Prophet didnt even know there was a single other believer in the whole country!
How about some perspective people?
was "IT" all over for America in 1929?
please
God has judged this nation 1 time in the past and that was for the sin of slavery and 600,000 AMERICANS died.
believe me, if God is going to judge this nation, it will be swift and devistating and over something worthy of his wrath.
One word: ABORTION!
__________________
His banner over me is LOVE.... My soul followeth hard after thee....Love one another with a pure heart fervently. Jesus saith unto her, Said I not unto thee, that, if thou wouldest believe, thou shouldest see the glory of God?
To be a servant of God, it will cost us our total commitment to God, and God alone. His burden must be our burden... Sis Alvear
__________________ http://endtimeobserver.blogspot.com
Daniel 12:3 And those who are wise shall shine like the brightness of the firmament; and those who turn many to righteousness, like the stars for ever.
My soul followeth hard after thee....Love one another with a pure heart fervently. 
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