Recession's second act would be worse than the first

Thanks for the read. Can't say that it's "good" reading (so much bad news), but we ALL know it's true.

It is so right on! Interest rates can't go any lower and the banks won't loan any way. And yes, the Fed is grasping at straws!!

Bill thats quite a mouth full an its worth saying because its so true an very prudent, thanks your a real winner, Jim

Yes Bill ive been saying this for MONTHS, our country (and many others) are in big trouble.. The USA is over 90 trillions dollers in debt, we cant even pay back the interest on that money. We the people better get our heads out of our backsides asap, because our own government is not telling us the truth of whats really going on, and what we should be doing. Just a short time ago our country came within hours of defaulting on its debt. So what do they do, they raise the debt ceiling UNBELIEVABLE!! Does anybody understand what that really means?? Thats like having a credit card debt say of 25,000 dollars, and you have NO WAY to pay that back. So what does the credit card company do for you, they extend your credit to say 100,000 dollars. So how does that make anything better? It doesnt, it drives you right into bankruptcy. Our government has lied, mishandled our money, and many other dealings far tooooo long, now we are gonna suffer big time. Our economy will not survive this, it cant theres too much debt. If anyone has lots of $$$ in any government investments like 401ks etc etc., get it out while you still can, ASAP , and start investing in precious metals (silver being the best choice). If you dont, when the system crashes you will lose everything. For more info go to www.inflation.us national inflation association,or mej.com and scroll down to a show called mejonomics for the TRUTH>>!!

I don't think we ever made it out of the one that started in 08, we're still in a res, and will be for quite some time, it might be better to call it for what it realy is and that's a depession. The Great depession of the 21st century.

I think I remember a presidential candidate named Ross Peroe who said that the NAFTA agreement was going to lead the decline of this great country of ours. It enabled a lot of the manufacturing jobs to leave the US for cheaper workers. That left a lot of people searching for work. I don't think that has ever stopped.

Maybe he was right! ?

Andy Sager
DG's AndyS

Yes I remember Ross!

Spent his own money to campain!

And Yes he was right, Nobody took this man serious.

Where is he now?

He was for the people of our fine Country!

I voted for him then and would do it AGAIN!

In anticipation of the reality of what lies ahead causes one to live in a bit of fear to put is lightly. Its like a multiple domino effect and one can not see all the domino flows. Example: I was with Countrywide when the bubble burst and wound up with B of A (not my choice. Since that happened I am seeing recently where B of A is getting out of the mortgage business and laying off a lot of employees and that has led to my loan going to a company called GreenTree. I have my concerns about this. Another example is the USPS about to loose 225,000 employees. The other day I saw that 5 other big companies will be effected by that to say the least. One of the company's is Northrop Grumman as they build the trucks that mail is delivered in. Then FED EX and Ups because mail is flown from point A to point B. I was trying to find the news story just now as I can not recall the other 2 companies that were mentioned. There is way too much behind the scenes that we are unaware of. One place that surprises me is grocery stores but I have seen the largest chain in my area cutting back on staff and product for the last few years.

I am working hard to stay positive and stay away from the news as much as possible and yet I need to know what is going on as I live to much of an isolated life. Now I realize if I had money it would help and people who have money are not so nervous. Some people at the top do not seem to feel the pain or be living in fear unless they might not get re-elected.

I will stay the course and hope for the best while preparing for the worst just in case. It is a shame that things got so far out of hand and it just breaks my heart.

‘Slow motion train crash’

European central bankers appear increasingly unable to contain a widening banking crisis, sparked by the threat of bond defaults in Greece and Italy, Europe’s third-largest economy.

The International Monetary Fund warned Tuesday that Europe and the United States could slip back into recession next year without bold action

"We are seeing a slow-motion train crash in the euro area, where credit contraction risks leading to a new recession by Christmas unless governments face up to the task swiftly and forcefully," Martin Enlund, market strategist at the Swedish bank Handelsbanken told Reuters.

We need to access the money that people are taking out of the stock market and other high risk performance accounts and put it into real estate.

for sharing this article with us; definitely a dose of reality check...
especially for us new investors; we want to make sure we do our due dilligence!

yes, the rates are as low as they've ever been... but nobody out there can get a loan! I believe you said something a while back about the only way to help the banks out of this mess is if they become more investor friendly...

Learning and progressing every day,
Valerie

Yes good article and video. I heard on Friday that the news is bad and that it was a very dangerous were the words they used that we would likely hit a second recession, or double dip. I was in Japan when the bubble burst there. Seems like wherever I am the economy goes south. Hey don't tell me to leave!!!

Politicians and Diapers need to be changed often ---- and for the same reason.

John

before but it's a good one!!

heard NEVER re-elect anyone

Yes Mike, I just read that one on a bumper sticker!

yes, it sure seems like things are continuing to circle the drain. It's not going to feel good when we end up in the tank.

Tammy,
After reading what you wrote, I have to ask: "Where you in Florida in 2009?"

Only kidding I know there's no way YOU alone could have been responsible for Florida's mess. I just can't seem to find anyone willing to help clean it up!

Andy Sager
DG's AndyS

Hey John:
That's either an oldie or I have been around for too long and hitting my second circle
Unfortunately, not enough politicians have gotten the word because it seems that, with very few exceptions, they don't do too much besides get themselves re-elected. Maybe we need to change the people putting these guys and gals back into office.
How about alternate age voting for congress and the senate? If you voted at 18 you can't vote again until 22, etc. Maybe that will get a different crew in each election.
Just a thought...

Andy Sager
DG's AndyS

Andy; that is a great fish your holding.

Years ago I was into Largemouth Bass fishing tournaments and had a ball.
This "ol' Fart" can't do it anymore so fishing for RE.
Same principal. You have to cast many many tomes before you get a bite.

John

Or take the blame for it, right?!!

Hey John:
That's a 30+ lb King Salmon I caught in Ketchikan, Alaska. I say 30+ because the captain's scale only went up to 30 lbs and this fish pinned the needle!
I've yet to see a largemouth do that. LOL

Andy

We all know who's to blame. They just won't take credit for it

Andy