BigGuy

2009 Depression Will Be Nothing Like 1929

Some areas are already worse off than during the great depression. The average price for a home in Detroit is $18,000. The average price for a home in Braddock, PA is $6,000.

The vice ridden cities in the East and Midwest, across rivers from major cities, that are now mostly Black and very poor are getting even poorer. But their major cities -- and their suburbs -- have much further to fall. Philadelphia is likely to become more like Camden, NJ; Cincinnati is likely to become more like Newport, KY; St. Louis is likely to become more like East St. Louis, IL.

2009 Depression Will Be Nothing Like 1929

Next panic will be based on 2 year treasuries.


On Mar 06 08:33 AM User 370947 wrote:

> OK...Can you please tell us what the next bubble will be based on?
> Since our country and most people in it are insolvent, what are we
> going to do for an economy? Can you explain to me who will buy our
> debt? Who will rent all the vacant commercial property, which by
> the way will start to crumble this spring and summer. Oh let's not
> forget that the second wave of ARM defaults have yet to hit, what
> happens then? Many of the MSM predict a bottom at the end of 2009,
> BASED ON WHAT? How is the GDP going to grow? Are we going to start
> charging more stuff on our credit cards? We don't manufacture much
> of anything in our country anymore, we can't afford to buy anything,
> so please tell us why we should listen to you, you have a factless
> opinion advising people to put money into long and short positions
> in crashing global crisis. Yes you're right on one thing, this depression
> will be nothing like 1929, it will be much much worse. Put that in
> your delusional pipe and smoke it.