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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (451621)	1/27/2009 3:41:00 PM
From: michael97123	2 Recommendations Respond to of 1575360

Are you calling Ted a fool?

To: bentway who wrote (451621)	1/28/2009 12:31:15 AM
From: tejek	Read Replies (1) \| Respond to of 1575360

e didn't have global financial collapse last time. You and I, who have a lot more experience than Ted, both know that there were worse recessions than the early '90's or the 2000 recession that we have experienced, but neither of us have EVER experienced a financial and credit collapse on the current scale. The 'recession' in LA during the early 1990s was as close to a depression this country has seen in a long time. You wouldn't know that because you were in Oceanside. Things were very bad in LA.......far worse than anywhere else in the US at that time. After all, the city had gone through a huge loss of jobs, an earthquake and riots. I suspect present day Detroit and New Orleans may be close to that scenario. So I know exactly how bad things can get. And frankly, I am tired of hearing how experienced you and John are at recession/depression talk. 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. So why don't we all sit back, relax and see how this unfolds.

To: bentway who wrote (451621)	1/28/2009 11:26:57 PM
From: SilentZ	Read Replies (1) \| Respond to of 1575360

>To think there won't be severe consequences would require us to be willfully blind. There already have been serious consequences, and judging by what we've seen so far, it's probably going to get worse. In fact, I can't even really see how it can get better. However, a lot of our "prosperity" has been caused by, essentially, "faking" it. Even if in the long run (25, 50, 100 years?) we're totally fucked, there's no reason we can't have faked prosperity again for a period, maybe long enough to engineer a softer landing... -Z