Recession coming. What does it mean?

[frodo82801]

Is it one of those cycles, or do you see more to it?

Recessions are as natural as floods. Every so often, the river floods. Houses are damaged. Crops are destroyed. Things are miserable. But, the floods also carry away junk and leave behind nutrients for future growth.

Is this recession a set up for future growth, or are we headed off the cliff?

[C. Little]

The problem is the dollar. We need to lower int rates to spur the economy, but by lowering rates, you hurt the dollar which is already in bad shape. We're already in a recession, question is will it turn into a full fledged depression.

[John Doe]

Hopefully a depression. Maybe that would issue Christ's return sooner as WE know it!

[frodo82801]

Hopefully a depression. Maybe that would issue Christ's return sooner as WE know it!
If the govt gets too involved, it could be a depression.

But, let's not hope for one. It's an awful experience for an awful lot of people.

Hopefully, it'll be short lived and we'll start back up the other side.

When things are tough, look for opportunities. There are plenty.

[Tall Timbers]

We're already in a recession, question is will it turn into a full fledged depression.

I think we've been in a recession for quite a while now. We've allowed our government to amass such a debt load that we can't possibly get out from under the burden. Inflation is the only way that our government can hope to keep up with servicing the debt which already takes up so many of our tax dollars that we can't even afford to keep up our basic infrastructure now. As more of our corporations move overseas and more and more of our workforce find themselves in low paying jobs... where will the needed tax dollars come from to service the debt, and to pay for all the free social services that are turning our middle class into another class of poor, squeezed until they've got nothing left to give.

I've been wondering for some now how people are able to continue to afford to fill their automobile tanks with gas and eat/feed their families at the same time? I think hard times are coming, cracks in the dike are beginning to show. In the USA we've probably had it as well as any nation in history... but times are changing, apparently coincidental to our removing God from all things.

[chel0524]

Hopefully a depression. Maybe that would issue Christ's return sooner as WE know it!

Let's not be hoping for disastrous events like a depression. We don't know when our Lord will be comimg for us and I'd rather my little babies not have to suffer from starving to death while we wait for Him.

[christ_ambassador]

Let's not be hoping for disastrous events like a depression. We don't know when our Lord will be comimg for us and I'd rather my little babies not have to suffer from starving to death while we wait for Him.

VERY good point.:hat never wish for anything bad:idunno

From what I've read around here, seems like we're past the point of no return.:scratch

[Issachar]

Frodo ..., if this is or we're entering into, just another recession, that would be fine. Healthy economies go through gradual ups and downs. A "normal" recession merely adjusts things and for many, if they hadn't heard that there was one, they wouldn't have even known. I believe though that this time around, due primarily to the central bankers messin' around with things rather than allowing economic "nature" take it's course as in a truly free market system, that we will likely be hit hard. There are too many crazy things without precedent, especially in the area of loans with housing and automobiles. Government spending and subsequent rate of debt growth (rate is a key word here) is without precedent also. Same goes for personal debt also. Debt for the most part, as you know, is merely a instant gratification of the flesh with small regard to it's demand to be repaid at some point. I don't remember if it was you or Bernardd or someone else that said the national was not too great a concern because we owe it to ourselves. I strongly disagree with that concept. I do believe that because we owe (55% of it - the rest is foreign owned) it to ourselves we can prolong the payment longer but that does not negate that it must be paid ... it makes it harder when it must be paid is all. Someone else(s) also said the debt can be inflated away. That is a strange concept to me too. Though rates of inflation can vary in different sectors of the economy, the whole economy is either inflated or not. So inflating away the debt is also devaluing the currency so much that we can't buy anything with it anyway. ???

Issachar

[sojourner]

this time around, we are truly in uncharted waters,,,,,there are, unbelievably, 100's of TRILLIONS of "derivative" bets flying around this world,,which are basically,,,hey,,,I'm going to take a huge bet on interest rates or whatever,,,and you will "insure" me if I lose. The "insurers" may or may not have the money to come clean when they are called upon to cough up the "insurance",,,and these 100's of TRILLIONS of bets are not even on the books,,,cannot be examined,,,and are held in the billions and billions by our large institutions / banks / hedge funds. As it is in the world,,,so it is with the consumer,,,who has borrowed himself to the highest heavens,,in mortage debt and other short-term debt / credit cards, so that there is literally no place for him to get further debt,,,therefore, the consumer is toast....
The currencies of the world are, none of them, backed by anything of value or precious metals....so they can print money into oblivion without having to honor it with value-backing. We are on the verge of the only "solution" to the gathering perfect storm,,,and that is to print monumental sums of money,,,,thereby assuring hyperinflation to come.
In the last great depression, we did not have the horrendous trade imbalance that we have today,,,and our currency was backed by gold............now, this whole mess is just going to implode like the Yellowstone caldera...........
It is all part of the very soon-coming tribulation years,,,,,the a/c will offer his very promising solution to these currency problems,,,a one-world currency............
Hey,,,Paul said,,,,,,,,,"ye are children of the light and you WILL SEE that day coming",,,,,,,,,,,and I think we do..........

[Tammy]

sojourner I also think that all of this is leading up to the tribulation and the a/c. I just hope we are out of here before things get to bad.