kirby007 said:
kowenicki said: @ nightsurge
Oh ok. So you are right and those economists and analysts from Deutsche Bank and UBS I met last week are wrong.... I'll let them know.
This is the worst since the thirties and it will become apparent over time. Do you even realise what has gone on to prop up the world economies? If the action of the FED, European Bank and the Bank Of England hadnt been taken... we would now be in total meltdown. |
Well he has a point.
This is a period of economic standstill and that happens every cycle
It just happens too be a bigger time of economic trouble
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Not yet, we arent completey at the level of a depression yet. Let the 2nd depression start with all three US auto makers fall. Once that happens the US will be at an all time low.