even I am on the verge of panic..... not quite but almost.
we have had bank failures before..... over a thousand in 1989.
things are certainly not real good right now that is for sure.
It's only going to get worse. But don't tell that to CC1.
__________________
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
even I am on the verge of panic..... not quite but almost.
we have had bank failures before..... over a thousand in 1989.
things are certainly not real good right now that is for sure.
That is true, but look at the possible exposure to the FDIC and there is no way they can stand behind all the deposits--if the domino effect takes place.
That is why I posted this...I read this kind of stuff everyday. I hope that a few people can bind together in prayer for our country and for this coming election. We are need of a miracle. Wilkerson wrote a few years ago that we could see housing crash up to 70% of its value. Some areas of the country are at 30% and continuing to fall.
There has been negative HPA before---but never on a national level. Since records have been kept the nation has enjoyed home price appreciation. Remember the addage--as goes housing so goes the economy. Economists I have read write that there has never been a recovery without housing. The housing market must turn around--many people think that the economy is in a minor bump, judging by GDP and the meager groweth, but we could be on the opening wave of a major downturn and many quarters of negative groweth. The worst housing market in modern histroy=the worst economy in history, fed and Paulson cannot keep it propped up indefinately.
We need to watch the FOMB action this week and the target funds rate. If they lower to 1.75% the real rate is already at a -negative. Another .25 in the negative will definately mean higher fuel, groceries, clothes etc. Another squeeze on the pocketbooks.
That is true, but look at the possible exposure to the FDIC and there is no way they can stand behind all the deposits--if the domino effect takes place.
That is why I posted this...I read this kind of stuff everyday. I hope that a few people can bind together in prayer for our country and for this coming election. We are need of a miracle. Wilkerson wrote a few years ago that we could see housing crash up to 70% of its value. Some areas of the country are at 30% and continuing to fall.
There has been negative HPA before---but never on a national level. Since records have been kept the nation has enjoyed home price appreciation. Remember the addage--as goes housing so goes the economy. Economists I have read write that there has never been a recovery without housing. The housing market must turn around--many people think that the economy is in a minor bump, judging by GDP and the meager groweth, but we could be on the opening wave of a major downturn and many quarters of negative groweth. The worst housing market in modern histroy=the worst economy in history, fed and Paulson cannot keep it propped up indefinately.
We need to watch the FOMB action this week and the target funds rate. If they lower to 1.75% the real rate is already at a -negative. Another .25 in the negative will definately mean higher fuel, groceries, clothes etc. Another squeeze on the pocketbooks.
clearly there is issues. big issues. but disaster that some are suggesting this is.... Obama likening it to the great depression is at the very least outrageous.
unemployment
then:50%
now 6%
Home foreclosures:
then 50%
now 2.75%
Business profets:
then: for 4 years no one made money
now: more than 50% of businesses posted profets in the last quarter.
There are serious issues that need addressing (like why Fannie May and Freddie Mac are getting a free pass)... but relitive stability in this economy remains at least visable.
__________________ If I do something stupid blame the Lortab!
clearly there is issues. big issues. but disaster that some are suggesting this is.... Obama likening it to the great depression is at the very least outrageous.
unemployment
then:50%
now 6%
Home foreclosures:
then 50%
now 2.75%
Business profets:
then: for 4 years no one made money
now: more than 50% of businesses posted profets in the last quarter.
There are serious issues that need addressing (like why Fannie May and Freddie Mac are getting a free pass)... but relitive stability in this economy remains at least visable.
Your numbers are skewed ... we'd have to look at the numbers prior to the Great Depression ... to compare apples with apples.
This is now eerily looking like the beginning of the Great Depression ...
Quote:
Originally Posted by Ferd
OK, someone go find PP and take a defibraltor....
even I am on the verge of panic..... not quite but almost.
we have had bank failures before..... over a thousand in 1989.
things are certainly not real good right now that is for sure.
Hey boys, you're gonna think I am looney, but my opinion about all of this was based on a "feeling." I know that sounds corny, but I really have felt in my spirit man that something economically catastrophic was about to occur.
Plus, before my 92 year old grandma died last year, she warned all of us that this was coming. She said the overall spiritual atmosphere was the same as that of the Great Depression.
Hey boys, you're gonna think I am looney, but my opinion about all of this was based on a "feeling." I know that sounds corny, but I really have felt in my spirit man that something economically catastrophic was about to occur.
Plus, before my 92 year old grandma died last year, she warned all of us that this was coming. She said the overall spiritual atmosphere was the same as that of the Great Depression.
And now back to your regularly scheduled mocking.
i aint mocking you.... now....
im not with you.... yet... and I am still looking to balance the bad news with context.
Lets all take a deep breath and watch Kudlow and Company in 4 minutes to get the skinny, shall we?
PS, I certainly aint gonna challenge your dear grandmother on the spiritual status of the country, then and now. there very well might be a connection.
__________________ If I do something stupid blame the Lortab!
im not with you.... yet... and I am still looking to balance the bad news with context.
Lets all take a deep breath and watch Kudlow and Company in 4 minutes to get the skinny, shall we?
PS, I certainly aint gonna challenge your dear grandmother on the spiritual status of the country, then and now. there very well might be a connection.
Bro, it's all good.
Grandma was speaking about the overall atmosphere. The "feel" of the time period. It really, really bothered her, and she was in her right mind until the very day she died. She had never talked like that before last year.
She begged us to "hord." To lay up some things. To prepare for it.
Now, I am no survivalist guy, but I'm not stupid either.
It's bad right now. Really bad.
It's one thing to talk about fuel prices, another thing entirely to talk about massive bank failures. It's not so much the number of banks as it is the SIZE of the banks.
And btw, have we even considered what a revived Soviet empire is going to do to the global economy?
Hey boys, you're gonna think I am looney, but my opinion about all of this was based on a "feeling." I know that sounds corny, but I really have felt in my spirit man that something economically catastrophic was about to occur.
Plus, before my 92 year old grandma died last year, she warned all of us that this was coming. She said the overall spiritual atmosphere was the same as that of the Great Depression.
And now back to your regularly scheduled mocking.
I don't think you are looney at all. I also don't think what is happening right now is economically catastrophic, but I DO believe it to be a precursor.
There are a couple nationally known men who are now my good friends that it was originally conversations on this topic which bonded us. They were amazed that although they do not talk about it in public they have been feeling the exact same things as you described in your "spirit man". I unfortunately approach most things, including the gospel as a rationalist. But after speaking with them, they told me I had been the first one to explain to them the how, when and why. They have told me there is also a prophetic gift of seeing the big picture and movement of nations as opposed to speaking to individuals. Personally I don't know about all that, what I do know is I can see clearly see patterns and "handwriting on the wall" if you will, that other economists are either too blind to see or are afraid to discuss.
My soul followeth hard after thee....Love one another with a pure heart fervently. 
Hybrid Mode
