Add Reply
Add Comment As A Guest
Close Topic OptionsThe Second Great Depression - Page 14 of 21
That could well be the best thing I have heard - Page 14 - Politics, Business, Civil, History - Posted: 11th Dec, 2008 - 9:19pm
Posts: 162 - Views: 24647
US Economy worst now than it was in the First Great Depression - what are your thoughts?The Second Great Depression - Page 14
Yes I think that is about the time frame I started to note a downward trend in business folding in my town. I mean larger facilities not just small mom and pop shops. We are stable right now but home prices have slide a small bit.
International Level: Senior Politician / Political Participation: 188 
18.8%
Sponsored Links:
Post Date: 8th Dec, 2008 - 11:08pm / Post ID: #
NOTE: News [?]
The Second Great Depression History & Civil Business Politics
How big is $1 trillion?
Politicians are tossing out the 'trillion' bomb these days like it's nothing. The left have been saying for years that we cannot afford the Iraq war (about $550 billion) yet no one flinches when President elect Obama says he's going to do a $1 trillion dollar stimulus package. Can we really afford that?
Ref. Source 3
Post Date: 9th Dec, 2008 - 6:52pm / Post ID: #
The Second Great Depression
I know the US used to back their money with the gold that is kept here in the US. I believe now that as they make more and more money for all these bail outs soon the dollar will join the Peso as being really worthless. I can see it happening soon as the economy turns downward more and more.
The Great Depression - Page 14
For the FIRST TIME IN HISTORY, U.S. Americans are cutting back on their debt load. I think that's a miracle in itself. Also, though, these numbers may just be indicators of the fact that more people have lost their homes and with it the associated debt. But I also believe that a lot of folks are just cutting back out of necessity.
| QUOTE |
| Fed: household debt, net worth post declines By MARTIN CRUTSINGER, AP Economics Writer Martin Crutsinger, Ap Economics Writer WASHINGTON - U.S. households, hit by declining home values and stock market losses, have cut back on their debt levels for the first time on record as loans remain scarce amid what appears to be a deepening recession. The Federal Reserve on Thursday released it latest quarterly look at consumer and business finances showing that households reduced their debt levels by 0.8 percent at an annual rate in the July-September period, the first drop on records that go back more than 50 years. The decline in household debt levels is evidence of the severe credit squeeze that is occurring as banks, saddled by billions of dollars of losses in mortgage debt, have tightened lending standards and made it harder for people to get loans. |
International Level: Ambassador / Political Participation: 595 59.5%
The Great Depression Politics Business Civil & History - Page 14
That could well be the best thing I have heard all day! It is a good thing that people are realizing they have done this to themselves by being poor stewards of their money.
International Level: Senior Politician / Political Participation: 188 18.8%
TOPIC: The Second Great Depression