Great Recession And Economy Stalls
Written by Webmaster
Sentiment darkens on a resurgence in economic fears. In other words, the consumer will no longer be able to keep the economy going forward. Huge changes, whatever they make take or be, must happen quickly or rapidly in order that the future generations have their time and place on this world. Yes, there is more to happen, shortly!
August 14th, 2010 at 9:33 pm
I hope they all go broke. Seems as if that’s the only way society will honor and obey the Almighty, YHVH the Christ. Every knee WILL bow.
Thanks Jimbo . . . love ya.
August 14th, 2010 at 10:32 pm
There is no money left in people’s pockets. everyone is in debt up to their eyeballs. most people have no equity in their homes. Most jobs don’t pay shit. The Banks aren’t lending money. There is 2 Trillion dollars less in the system then there was 2 years ago. exactly who or what is supposed to pull us out of this?
Deflation is the new reality. Crash in the markets is imminent.
August 14th, 2010 at 11:21 pm
@valhala56 Yes, absolutely. Thank you!
August 14th, 2010 at 11:22 pm
@jimbonumber9 Well I think the thing that could have replaced the consumer economy would have been alternative energy, which I have always been intersted in but there was little a poor man could invest in. Just got my electric bill $397. If I had solar panels it would have probaly been the electric co. paying me. This ties in with the Oil, a alternative energy could have gone along way to fix both the economy and the problem in the Gulf of Mexico.
August 14th, 2010 at 11:50 pm
@larnem Yes, and that is the fundamental economic problem in the U.S. economy, among many others. Huge changes must happen in some kind of way and they must happen quickly or rapidly. The consumers will not be able to “fix” the economy anymore, something different must come along very soon to replace all these things that are broken, just like the “Deepwater Horizon” oil spill has shown us. These times “really” are like never before!
August 15th, 2010 at 12:41 am
What recovery? How can the jobless numbers going up (Not the phony ones that DC gives out) be a recovering economy? What do we produce? We SPEND. An economy based on consumer spending cannot survive.