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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (451756)1/28/2009 9:25:25 AM
From: combjelly  Read Replies (2) of 1575313
 
"If this is a whole new ball game as both of you have suggested, then neither of you are any more experienced than the rest of us."

That is a good point. To try to put things in perspective, where JF and bentway are coming from is that this has a similar feel to when the wheels feel off during the 1970s. Some things are similar, we were coming off of good times in the 1960s and early 1970s, the world economy was booming, the government was into heavy deficit spending. There are a lot of differences, though. So it won't be the same.

So, based on their experience, they are expecting a long and protracted set of problems. You don't, based on your own experiences. Which one is right? No way to tell. The big question is, will this force a structural change or nor? If so, we are looking at a long recovery. After all, that is what the Long Depression and what we went through in the 1970s and 1980s was all about. If not, then you are correct and we should recover in short order.
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