Are we headed for an epic bear market?

[elgordoboy]

Can someone who has the juice hit the reset button? Everything to zero and we start fresh? Though that may be where this is headed anyhow. I guess it is good that our military is occupied elsewhere and can't be used to bludgeon the citizenry here at home, but can be used to bludgeon those with the oil. Have our warships been retrofitted to carry oil? Wouldn't it be wild if all this was anticipated or premeditated? And if that was the case is America going to say "Check-Mate" or will she tip over her King? Or jumble the board as she gets up to use the bathroom and really muddle everything up? Kablooey

 

[AAbsolute]

Jefferson warned us

Thomas Jefferson warned our lawmakers what would happen. We were just to genius to listen.

http://etext.virginia.edu/jefferson/quotations/jeff1340.htm

 

[AAbsolute]

Can anyone say merger and acquisition?

What's the chance the our government can peacefully merge or acquire another country? Maybe we can work our way out of this.

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2079rank.html

 

[ClintClint]

What's the chance the our government can peacefully merge or acquire another country? Maybe we can work our way out of this.

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2079rank.html

I'll do my best to infiltrate the Swedish National Cheerleading Team. I'll corrupt them with my boyish charm and rugged good looks LOL!! But I'll take plenty of cash too.

 

[AAbsolute]

I'll do my best to infiltrate the Swedish National Cheerleading Team. I'll corrupt them with my boyish charm and rugged good looks LOL!! But I'll take plenty of cash too.

I was hoping you'd give us your thoughts. We need creative alternatives.

 

[30ashopper]

It's really interesting how this whole thing feeds in on itself - a housing downturn leads to a credit crunch, which leads to a contraction of business and unemployment, which leads to more downturn in housing, which leads to a bigger credit crunch, which leads to more contraction in business and unemployment... and so on and so on.

At some point we have to bottom out. All the real-estate loans for people who couldn't pay them go bad, Wall Street finally writes off the last of these bad assets freeing capital, the last bank that can't survive fails and gets bought up, and housing prices finally crater to a point where people with cash and good credit start buying.

The question is, how long will this take? I'd estimate about two years.

 

[elgordoboy]

It's really interesting how this whole thing feeds in on itself - a housing downturn leads to a credit crunch, which leads to a contraction of business and unemployment, which leads to more downturn in housing, which leads to a bigger credit crunch, which leads to more contraction in business and unemployment... and so on and so on.

At some point we have to bottom out. All the real-estate loans for people who couldn't pay them go bad, Wall Street finally writes off the last of these bad assets freeing capital, the last bank that can't survive fails and gets bought up, and housing prices finally crater to a point where people with cash and good credit start buying.

The question is, how long will this take? I'd estimate about two years.

I used to think you were unduly pessimistic, now I am thinking you are unduly optimistic. I will be very happy if there is a thing like "cash and good credit" and I have any of it. If there isn't, I am going to club you on the head with a cow's leg bone and make you my valet. How are you at tanning hides and drying seaweed?

 

[ASH]

This could be a lot of popcorn. Love the information. More input!! I can wait.

 

[scooterbug44]

Wow, I thought my Sowal account had been hijacked until I saw the post date!

Amazing how many people can see this problem coming (both candidates claimed they tried to stop it during the debates) yet NOONE actually did anything to prevent it or cushion the blow!

 

[TooFarTampa]

I used to think you were unduly pessimistic, now I am thinking you are unduly optimistic. I will be very happy if there is a thing like "cash and good credit" and I have any of it. If there isn't, I am going to club you on the head with a cow's leg bone and make you my valet. How are you at tanning hides and drying seaweed?

LOL, I used to think Capricious was overbearingly pessimistic. Never mind.