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re: What is your outlook on the economy?
Posted on 9/11/14 at 10:18 pm to Stingray
Posted on 9/11/14 at 10:18 pm to Stingray
quote:
One thing I have heard repeatedly is the those in the financial industry almost never foresee the great crash coming. It is always unforeseen.
Not necessarily true. Several called '08, Peter Schiff and others became very rich from the crisis. The majority were pretty caught off-guard with the severity.
The flip side is that there are also some that have predicted 50 of the last 4 recessions. Many have been calling for a double dip over the past 5 years.
I wouldn't say those in finance are less expecting of a financial collapse, I think some people are right and some are wrong, regardless of theirr profession.
Posted on 9/11/14 at 10:28 pm to BennyAndTheInkJets
So Benny, you think this country is capable of raising taxes and reducing spending to avoid a crash? The coming debt of SS and Medicare/Medicaid is staggering.
What makes you think we will have the ability to get thru that? And avoid getting drawn into an expensive war in the near future?
What makes you think we will have the ability to get thru that? And avoid getting drawn into an expensive war in the near future?
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