mattjh

The Worst Case Scenario (Someone Has to Say It)

Total doomer CJ going on here... wow.

So, basically were dealing with a really, really bad recession (hell maybe even a depression) the worst perhaps in 75 years and because of that we are looking at the possibility of a total societal collapse within 10 years? As some of you would have it, we'd make Somalia look like quaint terrain in comparison! Well, perhaps if you try really, really hard you will succeed at bringing down the house- sounds like that's kinda what some of you want.

We can get so focused on the extremes of what can happen... Sure, things will continue to get really bad for some segments of society. Heck they already are really bad, but short of a Nuclear holocaust, we WILL muddle through.

Marc Faber: 'It Will All End in Disaster'

Agreed! Americans today can't begin to comprehend true struggle. We are a hopelessly spoiled lot. We experience a year or so of fairly serious economic turbulence and presto- all is lost. History shows that there is amazing capacity and resiliency in economies but change they do.

What me must realize is that nothing stays the same, evolution is the only constant. The way Americans are living is not sustainable- perception adjustment is in order, expectation adjustment is in order.


On Mar 25 03:41 PM CJJ wrote:

> Exactly...
>
> Its complaining to complain. Wait until some of these people actually
> get out from in front of their computers and go rally somewhere.
> They'll talk about it like its the Revolutionary War or something.
> In the PAST PEOPLE ACTED. Today they write a few comments about how
> they are 100% correct, throw out a few economists or bloggers that
> promote their agenda, wipe their hands and go along with their lives.
>
>
> Problem is many of the people complaining live comfortably, don't
> really know what its like to be poor or really struggling. Maybe
> its their wish to know it.
>
> For the person who says Austrian Economists have been proven correct,
> care to add any proof of that? I can come out with a plan that to
> win baseball games a team should bunt every at bat of the game...does
> that mean then that if a team bunts one time and wins the game that
> that proves my theory correct? You yourself say it isn't practiced,
> so how then is it proven to work?
>
>
>
>

Contrarian Indicator: It's Really Not Different This Time

Earnings are are heading up and to the right? On whose planet?

I believe the you would have to remove the horse blinders you currently have on in order to have perspective .


On Feb 24 08:44 AM pacman1947 wrote:

> Wait for the widows and orphans to throw in the towel, and then bet
> the other way?
>
> Earnings are are heading up and to the right? On whose planet?<br/>
>
> Contrarians usually have some data. I have plenty, but I'm frankly
> scared out of my ...
>
> Casinos have better odds today, and they favor the House by almost
> 2:1.