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I think collapse is a very strong term. The way see it is that the recession is going to be long, very long. But it wont be a collapse. We will see state after
by ErrantX 17y ago
I think collapse is a very strong term.
The way see it is that the recession is going to be long, very long. But it wont be a collapse. We will see state after state, company after company, country after country hit crisis and be bailed out.
The crucial thing is this will happen in sequence rather than all at once.
We survived a major banks crisis earlier this year and can probably survive another similar crisis without the world going to ruin.
Im predicting 10 years to recover from this myself. Any other predictions?
- BrentRitterbeck 17y agoI've been calling 9K on the DJIA by September 1 since March. Also, as I said somewhere else in this thread, I wouldn't be surprised if the NBER says later this year that Q2 was the official end of the recession.
- stuffthatmatter 17y ago"We will see state after state, company after company, country after country hit crisis and be bailed out." Who's gonna pay back the bailout?
- vaksel 17y agoour great great grand children
- stuffthatmatter 17y agoWhat makes you think they'll want to? :)
- elai 17y agoThey'll have no choice but to. Do you have that choice today?
- stuffthatmatter 17y agoI pay very little tax (both in income and spending) and my wealth is not in dollar
- lallysingh 17y agoYay inflation!