Credit, Monetary Policy, Depressions, and More!

[DuncanONeil]

Not sure on that, but everything SEEMS to have started with the Sub Prime Crisis and snow balled to where we are now

The same people that created the sub-prime problem are now trying to tell us they have the answer for the problem they created.

[mkemse]

The same people that created the sub-prime problem are now trying to tell us they have the answer for the problem they created.

Yep

Like I heard yesterday, some Republicns are complainig about the size of the stimuls package, and 1 Democrat said "They drove us into the ditch, now they are complaining about the size of the tow truck to get it out"

[wmrs2]

Thank you for this thread. I am learning some things here and from informed people in the news media. One theme that rings true is that there is not any one political party responsible economic bad times. If fact, the number one theme seems to be that the economy is in a cycle and that in the cycle is that it is taking a larger than normal dip. I am confident that the economy will come back but I am also thankful that we still have the strongest economy in the world. Other countries are having more difficult times than the USA. It is a world crisis and to blame ourselves totally seems to be the wrong psychological thing to do.

I think the USA is doing the correct thing in shifting to a non fossil economy and a new technology for energy. This may change everything economically like the computer technology did in the past. What do you think about this? Your opinion would be appreciated.

[mkemse]

Thank you for this thread. I am learning some things here and from informed people in the news media. One theme that rings true is that there is not any one political party responsible economic bad times. If fact, the number one theme seems to be that the economy is in a cycle and that in the cycle is that it is taking a larger than normal dip. I am confident that the economy will come back but I am also thankful that we still have the strongest economy in the world. Other countries are having more difficult times than the USA. It is a world crisis and to blame ourselves totally seems to be the wrong psychological thing to do.

I think the USA is doing the correct thing in shifting to a non fossil economy and a new technology for energy. This may change everything economically like the computer technology did in the past. What do you think about this? Your opinion would be appreciated.

I agree the Economy will turn aroung but like Waren Buffet said, "It will turn around the only question is when" His view it we will remain in the Receession for most if not all of 2009 with a turn arounds in early to mid 2010, and this is a wolrd wide issue not just an american issue the wholeworlds economy is in bad shape
As far as the Fissel Fuel goes it serves 2 puposes less US dependency on inported Oil but it will also give us a better more green eviroment and less pollution so it is a win win situation for us