I think this is the beginnings of an economy based on perpetual growth and fossil fuel energy running headlong into geological energy constraints. Basically I see an undulatory downward path for the rest of my life. From here out, I think any rallies in our economic condition are going to be met with spiking commodity prices that knock us right back down.
Posted: Thu Oct 09, 2008 5:49 pm Post subject: Re: Crashing?
{Ad Hominem attack removed from thread by SPG} _________________ "So while you sit and whistle Dixie with your money and your power.
I can hear the flowers a-growin in the rubble of the towers.
I hear leaders quit their lying
I hear babies quit their crying.
I hear soldiers quit their dying, one and all." - OCMS
We sunk everything we had from husband's 401K into working on this little farm. (It wasn't a lot ... but it was what we had.) In fact we have poured all our $$ into it ... everything, really ... over the past 3 years. No vacations, no extravagances, nothing. I just work to make money which we have spent so my husband can work to build up the farm place. (I help on days off.)
So we are sad for people who have lost so much ... Olaf ... my brother who was about ready to retire, and now really can't and may never be able to ... and so many more. I used to be a little embarrassed because we had no money stashed aside for retirement. Now I am thankful that we have fruit trees that are producing, hogs ready to slaughter, etc.
Like the song says ....
Lumpy _________________ "A government big enough to give you everything you want, is strong enough to take everything you have." Thomas Jefferson
Posted: Thu Oct 09, 2008 6:16 pm Post subject: Re: Crashing?
Farmboy wrote:
The only thing is this doesn't seem to have anything to do with peak oil. The guys at housingbubbleblog have been predicting this for years just like people on this site and they aren't peak oilers. Do you really believe 4.50 gasoline brought down the financial system? I don't think so.
It certainly didn't help!!! _________________ got cash?
Joined: Mar 18, 2005 Posts: 2691 Location: Minnesota
Posted: Thu Oct 09, 2008 7:01 pm Post subject: Re: Crashing?
Olaf Wrote: You are right. I'm having a very bad day.
If anybody understands, Olaf...We do. Pour yourself a strong drink, pull up a chair and join us. We're going to be telling morbid zombie jokes soon.
(notice the lack of a smiley face in this post). _________________ Quis custodiet ipsos custodes.
Joined: Apr 16, 2008 Posts: 121 Location: Western PA, USA
Posted: Thu Oct 09, 2008 7:19 pm Post subject: Re: Crashing?
Just think the faster we get to a 90% reduction in dow(similar percentage drop during peak to trough in Great Depression) the better, because we can only go up from there. The stock markets absolute bottom is 0 and cannot go any lower. Problem is 1/4 this board will, at the very least be unemployed. I figure if it is going to happen anyway, lets get it over with already and speed up a potential recovery. Yes, I know oil prices will rise again, however, I do not think as quickly since most of the Asian economic boom resulted from cheap imports via very easy to come by consumer credit. When a economic recovery arrives a couple years from now, the very easy credit will be a thing of the past. I would not be suprised if lending standards only allow for people with the top tier credit scores to take out any significant loans. This would act to keep world economic growth rate down, thus reduce energy demand. The only fly in this ointment is whether oil depletion accelerates fast enough to prevent even a modest economic recovery after this current economic crash.
Posted: Thu Oct 09, 2008 7:52 pm Post subject: Re: Crashing?
RonMN wrote:
Olaf Wrote: You are right. I'm having a very bad day. If anybody understands, Olaf...We do. Pour yourself a strong drink, pull up a chair and join us. We're going to be telling morbid zombie jokes soon. (notice the lack of a smiley face in this post).
Ahem, did someone say lame jokes??
Q: What's the best thing about your neighbors turning into hunger-zombies?
A: It doesn't take a head shot to get 'em down like they do in the movies!
Person: Jesus I'm hungry, I haven't eaten a good meal in 2 weeks and I have no job.
Person 2: But you look like a supermodel! You could wear anything!
Posted: Thu Oct 09, 2008 8:01 pm Post subject: Re: Crashing?
Jotapay wrote:
Q: What's the best thing about your neighbors turning into hunger-zombies?
A: It doesn't take a head shot to get 'em down like they do in the movies!
Person: Jesus I'm hungry, I haven't eaten a good meal in 2 weeks and I have no job.
Person 2: But you look like a supermodel! You could wear anything!
In case the financial news wasn't painful enough. _________________ "So while you sit and whistle Dixie with your money and your power.
I can hear the flowers a-growin in the rubble of the towers.
I hear leaders quit their lying
I hear babies quit their crying.
I hear soldiers quit their dying, one and all." - OCMS
Joined: Jun 14, 2007 Posts: 155 Location: SE Qld Australia
Posted: Thu Oct 09, 2008 9:33 pm Post subject: Re: Crashing?
My lame joke contribution:
Time for a dirty joke: A man fell down in the mud
Ok so that was out of line.
Time for a clean joke: He went and had a bath!!!!
Thankyou thankyou I'm here all week.
No back to that crappy financials I was reading... _________________ For every question , there is a lie. For every lie, there is a truth. For every truth, there is a way. And for every way, there is a time. This is the time.
Posted: Fri Oct 10, 2008 6:17 am Post subject: Re: Crashing?
Farmboy wrote:
The only thing is this doesn't seem to have anything to do with peak oil. The guys at housingbubbleblog have been predicting this for years just like people on this site and they aren't peak oilers. Do you really believe 4.50 gasoline brought down the financial system? I don't think so.
You do realize the price of oil effects more than just "gasoline"?
Posted: Fri Oct 10, 2008 7:30 am Post subject: Re: Crashing?
Maybe it is time for a joke or two...
Little Timmy's father asked him what he wanted for his upcoming seventh birthday, and Timmy said he'd really like a new bike. His father shook his head sadly and replied, "son, your mother just lost her job so it's only me working, and we've still got a $200,000 mortgage on this house. We just can't afford a new bike right now. You'll have to pick something less expensive. Think about it and let me know."
The next morning, Timmy walked into the kitchen with a suitcase, shoved some snacks into his pockets, and walked towards the front door. His father gave him a puzzled look and asked him where he was going. Little Timmy replied, "last night I got up to pee and walked by your bedroom door, and I heard you say you were pulling out, and then Mom told you to wait because she was coming too. Listen, if you think I'm going to stay by myself in a house with a $200,000 mortgage and no bike, you're crazy."
Joined: Jul 04, 2007 Posts: 2234 Location: The U.S.S.A
Posted: Fri Oct 10, 2008 8:22 am Post subject: Re: Crashing?
drgoodword wrote:
Maybe it is time for a joke or two...
Little Timmy's father asked him what he wanted for his upcoming seventh birthday, and Timmy said he'd really like a new bike. His father shook his head sadly and replied, "son, your mother just lost her job so it's only me working, and we've still got a $200,000 mortgage on this house. We just can't afford a new bike right now. You'll have to pick something less expensive. Think about it and let me know."
The next morning, Timmy walked into the kitchen with a suitcase, shoved some snacks into his pockets, and walked towards the front door. His father gave him a puzzled look and asked him where he was going. Little Timmy replied, "last night I got up to pee and walked by your bedroom door, and I heard you say you were pulling out, and then Mom told you to wait because she was coming too. Listen, if you think I'm going to stay by myself in a house with a $200,000 mortgage and no bike, you're crazy."
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Problem is 1/4 this board will, at the very least be unemployed. I figure if it is going to happen anyway, lets get it over with already and speed up a potential recovery. Yes, I know oil prices will rise again, however, I do not think as quickly since most of the Asian economic boom resulted from cheap imports via very easy to come by consumer credit. When a economic recovery arrives a couple years from now, the very easy credit will be a thing of the past. I would not be suprised if lending standards only allow for people with the top tier credit scores to take out any significant loans. This would act to keep world economic growth rate down, thus reduce energy demand. The only fly in this ointment is whether oil depletion accelerates fast enough to prevent even a modest economic recovery after this current economic crash.
I just kill me!
