Seeking Alpha

User 265729 » Comments » Single Comment |

  • Consumers Gear Up for Lengthy Recession [View article]
    You should look again with your *on the ground* facts...

    You are starting to see prices being broken down, starting with energy, while other prices are following... Without the credit based on a bubble there is nothing that people will buy.

    Go to a grocery store... People are now hanging out in the flour and sugar section just like in the 1950's. Our supermarket used to carry specialty and a wide variety of items, but as they are sold off, only the basics remain. There is no market for anything...

    The start of the price breakdown is more indicative of a DEPRESSION, not a recession. I've been through several recessions in my life and this is very DIFFERENT.

    Whatever you call it, you are dreaming if you think this will last a few quarters or even a few years. This may last a decade or more...

    We've lived the past 15 years off of credit based on something that was a bubble, we'll be doing without for 15 years in the future to reach parity.
    Nov 11 16:43 pm |Rating: +1 0
All Comments by User 265729 »
Comments by Ticker
AA, AAPL, ABB, ABT, ABX, ACN, ACV, ADCT, ADP, ADTN, AEM, AFG, AFL, AGG, AGO, AGU, AHBIF.PK, AIB, AIG, AIRV, ALU, AMAT, AMGN, AMN, AMX, AMZN, ANF, APC, APWR, ASCMA, ASF, AU, AXP, BA, BAC, BAX, BBBY, BBH, BBV, BBY, BCS, BEN, BGM, BHP, BIIB, BIL, BKC, BLK, BLW, BND,
User 265729's
Comments Stats
613 comments
Rating: 173 (655 - 482 )