recession number 2? - Page 2

Originally posted by: monar

its no sequel, its same long lasting recession continuing & impact will be even worse this time

It's just an extension of the same recession. Nothing alarming to run like chickens with heads cut off though. Only the crisis is real, the remaining half is exaggerated speculations. America never faked a recovery either. Our unemployment numbers, our budget crisis and debates were as clear as daylight. People just make incorrect assumptions anyways.

It is market cycles though. No economy can go boom boom boom. After boom there is always bust. And after bust there is always boom. Law of averages.

Although how long it will take to boom depends on fiscal policy, and I don't see the USA recovering to the super cylce boom anytime soon. We got a dumb shit political system full of sissy donkey punchers and ass hole tea baggers who whine and cry and stomp their feet like toddles and don't do jack. We also have interesting tactics to combat recession: cut back education, cut back infrastructure, destroy labor and working class, corporate tax breaks, subsidies and incentives to the wealthy. It is the exact opposite of what we did to recover from the great depression, exact opposite of what Brazil did to recover from its nineties crash, exact opposite of what India does to stimulate its economy, exact opposite of what the Nordic model did to be resilient. Then again we are Americans we are special and opposite world works peachy fine for us. As if might Americans need to emulate third world standards.

Well China is downright pure evil. They will crash and burn eventually. I mean how long can citizens be enslaved to evil governments. Have you seen the factories in China where kids are locked up in bunkers, where they put metal grates on windows so they don't jump out because death is like a visit to Disney land in comparison to being a Chinese laborer. Yeah someday when people have had enough China will crash and burn.

India has a good prospectus. We are still service oriented (call center which is foreign market dependent). We need to up our manufacturing center and be more independent. Also important to control corruption and ensure rural development and welfare of farming and labor class. Otherwise despite growth we will see the nation get poorer while only the elite class gets richer. But I think India has huge economic potential.

South America is good too. They are rich in natural resources and producing food crops, raw materials very efficiently and economically. They are also mining sustainably and sustainably harvesting Amazon and various river deltas unlike the greedy pig digging and clawing that American industries do. Actually had USA not be cock blocking South America with trade barriers and protectionism for corporate America – South American produce would have penetrated the international market. MERCOSUR's biggest gripe has been that USA claims to be all for free trade while restricting South American trade and stopping their growth. Then there is the whole failing war on drugs that US uses to make South America seem like a horrible place and demean their actual economic potential. MERCOSUR is not happy about that either (although some of those south American leaders are colorfully coco loco when it comes to USA and conspiracies). Now with US power and clout slipping I see MERCOSUR nations doing better.

I've recently attended lectures and info sessions on Latin American economies etc. Businesses and economists are feeling positive about Latin America. Personally, I think Latin America is taking all the right steps to end poverty, improve education/competitiveness, boost small business, boost rural economy and compete with western super powers.

I'm an American, but I'm definitely planning to retire in Mexico, Costa Rica, Panama or the likes if not move here sooner. Canada, France, Spain or the Nordic are also options. Oh speaking of Nordic those are stable economies to invest in. You wont get booming growth but they do better in the ups and downs when the market. Very clean and honest stuff too. The Nordic-Russian oil pipelines are good investments amidst uncertainty in the Mid-east.

@OBJ, you don't want the Indian supercycle now. That means India will crash when its time for you to retire. You want the Indian supercycle to start in 2030 so that your investments explode in time to give you a cushy retirement.

Originally posted by: return_to_hades

It's just an extension of the same recession. Nothing alarming to run like chickens with heads cut off though. Only the crisis is real, the remaining half is exaggerated speculations. America never faked a recovery either. Our unemployment numbers, our budget crisis and debates were as clear as daylight. People just make incorrect assumptions anyways.

never faked a recovery? I'm talking about the bailouts. The companies should have just been allowed to go bankrupt.

It is market cycles though. No economy can go boom boom boom. After boom there is always bust. And after bust there is always boom. Law of averages.

not true, read up on short term, medium term, long term, secular term and kontradiev cycles. The market can go secularly downwards for 10 - 20 years if the economic fundamentals are bad.

@OBJ, you don't want the Indian supercycle now. That means India will crash when its time for you to retire. You want the Indian supercycle to start in 2030 so that your investments explode in time to give you a cushy retirement.

oh I do. I want to day trade with leverage and retire in 2 years 😆 the supercycle will help me, no doubt.

Originally posted by: return_to_hades

China = EVIL. No doubt about it. I don't think it will be good for China to be an economic superpower unless the human rights issues are addressed.

Originally posted by: cyrax

The bailout was not faking recovery. The economy fell in the ditch. The bailouts did not pull us out the ditch, it was just a measure to keep the ditch from getting deeper. The biggest problem with the bailout is that everyone like an idiot assumed it was a 'recovery' measure. It was just a precedent, recovery requires economic and fiscal policy to create employment and grow GDP.

I agree with you that the bailout was unnecessary. They should have just let the companies fail. That's business. You screw up, you fail, you deserve it. Over time better competitors fill the vacuum. The US auto industry is just a massive junk dealer has been getting bailed out since WW times. About time it rolled over and died. They were just not competitive.

I get why the bailout was done, especially in the finance industry. Upper management screwed up and in some cases was highly unethical. If the bailout did not happen the financial repercussions would have trickled down and the impact would be widespread. Even the money of the unsuspecting middle class would have gone poof. The problem was that they just gave out free money without stipulation, oversight, regulation or rules.

Haha, I don't know the fancy economic terms. Upward or downward cycles can probably go on for decades. But I firmly believe economically, socially, culturally, nations rise and fall. Ancient Empires had their days of glory. Colonial empires had their empires where the sun never set. America had its fun and glory run. Now someone else will take its place. Who knows after a few more centuries, Africa could have the world's greatest nations and North America will be a pathetic disease, war and famine ridden region.

Well I wish you most wealth and cushy retirement. Hopefully, you don't run out and don't have to be a filthy old man begging on the streets.