Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: i-node who wrote (457444)	2/18/2009 1:48:04 PM
From: combjelly	Read Replies (2) \| Respond to of 1576346

"What did anyone do that caused the Great Depression?" Umm, let's see. High consumer debt, coupled with stagnant wages despite rising productivity and a growing income gap between the well off and the middle class. When the market crashed, people stopped spending and tried to hoard what money they had, which led to a deflationary spiral.

To: i-node who wrote (457444)	2/18/2009 2:18:34 PM
From: tejek	Respond to of 1576346

> Normal? You consider the worst recession since the Depression as normal? Let's not get ahead of ourselves. Let me explain to you something.........the problem isn't that some of us are ahead ourselves; its that you all are behind. At this point it is not the worst recession since the Depression. It may become that but it is nowhere near it at this point. By several economic metrics, its the worst recession since the depression. For an example, housing starts in January were the lowest since records have been kept. Housing completions are the lowest since 1982 when the population was much smaller. It is now the longest running recession since the Depression. And yes, recessions and depressions are "normal" in every sense of the word "normal". Normal? Its not normal. We have them because someone fukks up. As surely as we have earthquakes, volcanos, tsunamis and hurricanes, we will have recessions and depressions from time to time. And like those natural disasters there is little or nothing that can be done to stop them. You may be able to improve the situation on margins (much as you can evacuate areas of a hurricane before the fact). But you can't stop it. Those are natural disasters....recessions are man made. Stop comparing apples to oranges. And they aren't "caused" by something someone did. And that is why you are a Republican! What did anyone do that caused the Great Depression? Read some history......you might learn something.