What will you do to survive the upcoming Bush recession?

Question

http://news.yahoo.com/s/ap/20071214/ap_on_bi_ge/greenspan_economy

Answer 1

The newest one, or the ones that have been predicted every year for the past seven? I can never keep up with these "economic" experts. That why I read IBD Editorials, it's economic sense from people who actually know what they're talking about, and are right 9/10 of the time.

Answer 2

Recession? People too blind to see a great depression coming? War, economy failing, division etc.,

Its a repeat from history with very distinct patterns.

Its also must be a coincidence that Canada, Mexico, and the U.S. are economically merging. Looks to me like a great depression would be the best way to have the citizens blindly accept an economic merge regardless as to what it means they would be giving up.

Edit:

So whats going to happen when people start sueing because they were tricked into loans where their monthly payment is equivalent to 90% of their monthly income? This happens because eligibility was calculated by the bare minimum payment, which if you pay the bare minimum it keeps going up, practically a teaser. So people are going to say that the homeowners were stupid, so that makes it right? Who in their right mind would lend out a loan to a homeowner under this condition? Only if they wanted to make off like bandits by making the homeowner first put down a nice lump sum. Once the homeowner folds, the bank gets the the lump sum for free, then off to mortgage the house to another sucker to collect another nice lump sum.

That crap on media about people gambling homes is a load of bs. Whats worse is that the housing industry is being bailed out by the government for screwing over homeowners. Its practically being condoned. Enrons popping up all over the place messing up the economy, while the government bails them out with our tax dollars, which the enrons keep messing up the economy.

I will agree on one thing, it will look like a recession at first. But once they finally decide to raise the federal interest rate, it will reveil the massive amount of inflation behind the illusion.

Answer 3

I think it has already begun. The funny thing about economic downturns is that we don't know we are in one until months after it has started. There is a lag time when data is concerned.
After the first of the year, there is likely going to be a spike in businesses filing bankruptcy. Without credit or cheap loans from banks to get thru a slow period, businesses will fold.

Answer 4

things have been pretty busy the last couple of months, and I think I'm a better economic indicator than the newspapers. When my business slows down, everyone else is soon to follow. I haul retail stuff on occassion, but promarily I haul paper, big rolls of paper. Everything sold gets packaged in paper. Anyone with half a brain on wall street will tell you if you want to get an accurate gauge on how well the economy is doing, check on Georgia Pacific and see how they are doing. And I can tell you first hand, they've been keeping me pretty damned busy here lately. Let's just hope it continues.



Arcanum, it doesn't take a rocket scientist to know what the difference between "fixed" and "adjustable" is.

Answer 5

Nothing. The recession will begin and end on it's own accord. The banks (SIV's) need to properly account, we need to take our lumps, recover, and get on with it.

Answer 6

I will do the same as before, live within my means, and never borrow money, if I dont have the cash to pay all at once, I dont need it.

Answer 7

Well voting for people who will work at implementing sound economic policies sure wont hurt.

Answer 8

Invest in China

When the world is rich it buys in China
When it is poor it will buy more from China

Answer 9

ill simply vote for people who can keep it zipped up in office, and dont believe in confiscatory taxation and failed social welfare schemes....
..............NEWSFLASH..............
they arent liberal.