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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
10-06-2008, 08:59 PM
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#2
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lobster = striper bait
Join Date: Jul 2002
Location: Popes Island Performing Arts Center
Posts: 5,871
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Quote:
Originally Posted by striperman36
FWIW,
A somehwat accurate comparison of then now and things to come
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Two problems, it isn't 1929 and the world economy isn't the same. |
Ski Quicks Hole
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10-06-2008, 09:22 PM
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#3
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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history is the best reflection of the future.
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10-06-2008, 10:46 PM
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#4
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,463
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I think many financial historians would agree that the fundamentals generally will hold true.
That being said, there's no precident for what's going on today. It's more complicated, deeper and broader than anything ever experienced. That's why everyone is so freaked out. They don't know if the ship will right itsself or the planks are going to start peeling away.
One big difference could be the personal savings issue. It's like a bilge pump. Just like with business, when people aren't stretched with credit they have a better ability to manage their cashflow to deal with adversity.
-spence
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10-07-2008, 06:44 AM
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#5
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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Quote:
Originally Posted by spence
One big difference could be the personal savings issue. It's like a bilge pump. Just like with business, when people aren't stretched with credit they have a better ability to manage their cashflow to deal with adversity.
-spence
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And the personal savings rate in the US is like 0% already? |
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10-07-2008, 07:50 AM
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#7
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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The one thing that appears to be a positive is that central banks worldwide appear to be loosening available funds not tightening.
It is an extremely complex situation as you say.
I believe that we will have to see our government become more directly involved 'stock injection', commercial paper backer with ultimately more power at the table of large commerce. Some would call it Socialist, Federalist, whatever you call it it has to happen
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