DEPRESSION, OR EVEN STAGFLATION?
I´ve followed the moves of the Petrodollar, and I think there are sure signs to think we´ll be heading to a very nasty recession in less than a year.
Is that the REAL reason Bushy wants a third war in the Middle East?
2007-09-07 17:20:04 · 5 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
No it will crash! 80% devaluation in a week. I'm getting the %^&* outta here. Read my questions!
2007-09-07 17:24:16 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Not sure about wanting a third war but I do think we will eventually have a recession. The stock market is grossly over priced and due for another correction. I think that a lot of our financial policy is being made by people with too much money to lose.
2007-09-07 17:29:24 · answer #2 · answered by kba1a 3 · 0⤊ 0⤋
No....the real reason Bush is talking tough is Iran is threatening us with potential nuclear weapons...and that is a real live threat...if they get them, we're in big trouble...more than the fear of a recession.
Some are saying because of everyone just living in debt, we are headed for another depression. We also have a huge trade deficit with China and other countries...have not protected ourselves ....and have had a lot of foolish leaders in the past 30 years...so don't blame Bush....and Clinton has a lot to lay at his door!
A depression will mean there are no jobs, no way to pay for anything, credit will not be available, people will lose their homes, will have no money to rent any, and talk about a mess! My parents told me a lot about the last one....Mom remembers times when she had only turnips to eat! The soup kitchens were the only way you could get food....and only those who happened to still have money profited by buying up everything is sight for a song! Everyone else was in a really bad way!
You are very foolish if you just listen to the "spin Bush haters".....do you think the Democrats would do any better?
If they get in office look out! California is a great example of the Democrats running everything. There is a huge flight out of California right now. Pay attention!
2007-09-07 18:10:15 · answer #3 · answered by samantha 6 · 0⤊ 2⤋
No way. The stock market will make a comeback within a year.
2007-09-07 17:28:12 · answer #4 · answered by dan 4 · 0⤊ 1⤋
Maybe
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2007-09-07 17:24:18 · answer #5 · answered by kate 7 · 0⤊ 1⤋