Is the US on verge of a depression?

I found this BBC news broadcast very disturbing. http://www.huffingtonpost.com/2008/03/20...

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similarly

Hi Paul, interesting stuff.

there is a similar thread here, in case anyone missed it.

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wherever you go, there you are

This Could Be Called Stealth Recession!

If the U.S. couldn't print the money that it was unable to borrow, it would be bankrupt. If it wasn't for accounting smoke and mirrors, many more companies would be in the same position that Bear Sterns is in now. If it wasn't for the stop-gap measure of layoffs, even more companies would be in the same position that Bear Sterns is in now.
It's much too late to get scared! It's time to figure out how to keep the U.S. from draging the rest of the world down with it!

What do you think?

cnnek

{You Can Teach People How To Think Or What To Think; But, You Can't Do Both! It Is Better To Teach People How To Think!!!}

Hoovervilles

If you do a search at YouTube for "tent city", you'll discover that tent cities have also recently sprung up in Seattle, Sacramento and several other places in CA, Phoenix, St. Petersburg Florida, and more.

Not surprisingly, the mayors of the cities have been trying to shut these tent cities down asap.

Of course, ordering them to leave a tent city disrupts these peoples' precarious lives even more, forcing them further away from what little social safety net they have let -- other members of their family, their friends and the communities they know -- as well as further away from their jobs. And where are they supposed to move to? Anywhere they go, people will start saying 'not in my backyard' (while I still have one).

Kat

So about 2 years ago...

I said something about putting some of your savings into gold, putting money into overseas markets, and planting a garden..I'm glad I have. For 7 years I've worked at Starbucks. But over the last 18 months the hours and tips have become smaller and smaller. So in January I got another job at a produce mart. And people are struggling. We're doing ok, but most people in the middle class are not.
The only way to stop this craziness, is to get rid of our current government. And thats not going to happen yet... People are too blinded still by the TV and short term amusements, food is still cheap(but not for long). And about half the population does not have the education to understand half of the factors involved with good government and finance. Much less their own. They would like to blame it on anything but themselves or their current leaders.
So again, invest some money in metals, overseas markets, plant a garden, learn a craft or skill, learn how to do something you can enjoy and take with you no matter what. And maybe having a gun is not such a bad idea?

What would Mr. Monty Burns do??

Ok,
Imagine you came into money. Where you put it? Real Estate? Precious metals is good. Oil and Gas yes. But I don't feel good seeing people with money worry. Back in 2001 when the Tech meltdown happened here in Canada that affected countless people. We now have the chronic homeless here to show for it. I totally believe this meltdown will directly affect us all, indirectly, or directly. Let's say Greg, or Rick, interviewed Monty Burns, owner of the Springfield Nuclear Plant. What sound business advice would Mr. Monty Burns offer the TDG? I think Mr. Burns first order of business would be to buy Australia.

BS is what I call it.

Depression??? I have just returned from a trip across six states in the South and I saw no depression. I saw a dynamic nation in high gear moving and making deals. It is typical for the left to try to sell the world on the fact that things are worse than hell when they are trying to take control of government. They can save us. Hell, I know all this because I worked for them for 20 years. It is all BS and they will say it is the economy stupid when it is all BS. Texas is booming and everything is in high gear rolling out business in the highest condition possible.

We Be Hyped!!! It is all Shamanism.

So what do you say to the 10% of Ohioans on food stamps.

Or the estimated 2 million homes going through foreclosure, those families? The cost of food and gas has taken its toll on the middle class and poor, and those on fixed incomes? Maybe everything is rosy for you and the areas you had your trip in?
Maybe you can explain to my why I had to get a second job to make ends meet?