blackangst1
Lifer
- Feb 23, 2005
- 22,902
- 2,359
- 126
Nice dodge (as usual). Unless, of course you equate "Get ready for more deficit spending!" to "I like Bush"...in which case you need to explain (which I know you wont).
Nice dodge (as usual). Unless, of course you equate "Get ready for more deficit spending!" to "I like Bush"...in which case you need to explain (which I know you wont).
From Slew Foot-
My comment was in reference to the 30 mile figure cited above.
Even at 10 miles out, you won't be walking to work or the grocery store. You're still completely hooked on the automobile and all it entails... In a depression, lots more people simply can't afford it...
My comment was in reference to the 30 mile figure cited above.
Even at 10 miles out, you won't be walking to work or the grocery store. You're still completely hooked on the automobile and all it entails... In a depression, lots more people simply can't afford it...
Today I saw a white guy selling oranges
OH GOD IT'S HAPPENING, ECONOMIC APOCALYPSE HAS COME
The article was a good read, the thread responses have been ridiculous.
OH GOD IT'S HAPPENING, ECONOMIC APOCALYPSE HAS COME
The article was a good read, the thread responses have been ridiculous.
Sigh. I'm not making any sort of end of the world as we know it argument, Slew Foot. But it seems to me that people caught on the stinky end of the stick- laid off, foreclosed, evicted, bankrupt & etc will probably find it to their advantage to move closer to the city core, simply because it can be cheaper... and a depression scenario dictates that entirely more people than I'd like will find themselves in that position.
Even people who make above average incomes often live hand to mouth, deeply in debt, so disruption of their income stream has immediate and drastic effects. They have no reserves, so the glide path to financial ruin is vertical...
Even people who make above average incomes often live hand to mouth, deeply in debt, so disruption of their income stream has immediate and drastic effects. They have no reserves, so the glide path to financial ruin is vertical...
I foresee exponential growth in 4chan-like forums, as hundreds of thousands of unemployed grads move back into their parents' basements.
JD50
Lifer
- Sep 4, 2005
- 11,888
- 2,788
- 136
That's fine, but that doesn't change the fact that calling someone "ridiculously stupid" for choosing to spend an extra couple of dollars a day in fuel costs is well, ridiculously stupid. Also, if you're rich, I doubt that fuel costs make much of difference.
JD50
Lifer
- Sep 4, 2005
- 11,888
- 2,788
- 136
Hi, I live 25 miles from Richmond and there are 3 grocery stores, a mall, home depot, chili's, applebees, chinese restaurant, thai restaurant, 3 italian restaurants, camera place, dominos, cici's pizza, barnes and nobles, petsmart, target, 2 liquor stores, 3 gas stations, 2 mexican restaurants, texas roadhouse, officemax, bed bath n beyond, dicks sporting goods, bestbuy, circuit city, japanese steakhouse, subway, quiznos, 2 blockbusters, and a few more stores all within about 4 miles.
I don't know about you, but I can certainly walk 4 miles. Oops!
Edit - I live in a 2500 sq. foot home in a nice neighborhood with about 1/2 acres of land, and I paid about 240k for my house a year ago. The value has stayed about the same over the past year. But oh noes, I'm 25 miles from the city and I'm paying an extra 4$ a day in gas!!!!
You must've never been outside of the city if you think that 10 miles out is so desolate.
stopped reading after they implied everyone would be watching expanded digital cable on new tvs.
Muse
Lifer
- Jul 11, 2001
- 40,426
- 9,941
- 136
It could get as bad as the 1930's. Bread lines, rationing. There may be an economic collapse. If credit isn't restored and companies go out of business willy nilly, purchasing power drops, discresionary spending becomes relatively obsolete, a major proportion of the working population is out of work, cities, counties, states go essentially bankrupt. You think it can't happen? I don't.
Americans, many of them, maybe the great majority are spoiled. Their idea of economizing is paltry compared to what they would be doing in the event of a complete economic collapse. It would be a huge wake up call. We're certainly closer to that, much closer, than any time in the last 60 years. Will it happen? I don't have a crystal ball.
Americans, many of them, maybe the great majority are spoiled. Their idea of economizing is paltry compared to what they would be doing in the event of a complete economic collapse. It would be a huge wake up call. We're certainly closer to that, much closer, than any time in the last 60 years. Will it happen? I don't have a crystal ball.
Lets see 70% of the economy is consumer driven.... So if we see the trend of unemployment and contraction of credit to consumers continue... it will be devastating to the economy. We could easily climb to +20% unemployment since it seems the perfect storm has formed.
For those who don't think it will be all that bad take a look at the highest unemployment areas in the nation. Detroit and New Orleans as some examples to get an idea of how it will be. I expect rampant crime and possibly rioting in the major cities across the nation as the nation is starved of income and food. Give it a year or two for us to get to the point where the depression will start to hit 99% of Americans.
For those who don't think it will be all that bad take a look at the highest unemployment areas in the nation. Detroit and New Orleans as some examples to get an idea of how it will be. I expect rampant crime and possibly rioting in the major cities across the nation as the nation is starved of income and food. Give it a year or two for us to get to the point where the depression will start to hit 99% of Americans.
roid450
Senior member
- Sep 4, 2008
- 858
- 0
- 0
We have not been affected one bit. in fact, we benefitted from this Economic depression thing. My mom just bought a brand new 08 Grand Cherokee fully loaded all the bells and whistles, it took us 5 hrs total but we finally brought he salesman and dealer to their knees (once ur in there figuring out numbers they will not let you go) and got the car for about 28K out the door final price with Preferred Warranty. Payments of about 370 a month :Q we had seen the same or similar Jeeps selling in the 30K range, and then still add tax etcc blah blah on top of the 30K, a few months back in the summer, this one was at 19,995
Few days later my dad bought a 08 4X4 2500HD Dodge with Cummins 6.7L diesel fully loaded also for about 40K out the door :Q :Q :Q
Luckily we bought a mobile home 7 years back and the bad home market did not affect us ONE bit at all, our lives are pretty much unchanged. Tho a lot of our friends weren't so lucky, few lost their cars, most lost their homes which they had refinanced at the peak of the prices :roll: and got money put of it to pay off a car etc..
StageLeft
No Lifer
- Sep 29, 2000
- 70,150
- 5
- 0
You haven't been affected yet, but I could go and buy a fully loaded Corvette today, I have little doubt of that, but it doesn't mean I should or that I won't be affected by any coming downturn.
Plenty of people will NOT be affected, though, just as they were not in the depression, or at least not negatively. In a bad economy if a person is in the right spot, they do better. I was talking to IT contractors last night who say they've seen an increase in business as companies are less willing to hire full-time people, for example.
Liar, yes it did, and again liar.
rudder
Lifer
- Nov 9, 2000
- 19,441
- 86
- 91
Tell me how well that sidewalk garden is doing. Me... I will be eating fresh vegetables and dining on venison steaks. Enjoy that $15.00/lb ground beef. Of course I don't know how I will be able to afford enough concertina wire to keep those hungry city folk out of my garden.
blackangst1
Lifer
- Feb 23, 2005
- 22,902
- 2,359
- 126
Although generally I agree with you (to a point), I am cautious of using words like close. Are we closER? Yeah, we are. But I guarantee you, based on my own global travel in 13 counties, the USA in its current form is a long, long way from doomsday scenarios proposed on this board by a few. A long way. Ive been to countries where the unemployment rate is 40%, and positions like sales in a mall REQUIRE a college degree, and I can tell you people still get by. We are very resiliant and resourceful. But for sure we are staged for a general change in life in the US, but we'll have to wait and see.
I think Obama will fix it
StageLeft
No Lifer
- Sep 29, 2000
- 70,150
- 5
- 0
When I was in Cuba the guy who gave us towels at the beach had an engineering degree.Originally posted by: blackangst1
Although generally I agree with you (to a point), I am cautious of using words like close. Are we closER? Yeah, we are. But I guarantee you, based on my own global travel in 13 counties, the USA in its current form is a long, long way from doomsday scenarios proposed on this board by a few. A long way. Ive been to countries where the unemployment rate is 40%, and positions like sales in a mall REQUIRE a college degree, and I can tell you people still get by. We are very resiliant and resourceful. But for sure we are staged for a general change in life in the US, but we'll have to wait and see.
I think Obama will fix it
F**king pathetic use of his life, but he had to take what was available, I guess.
it's not a future tense thing. it's a present tense thing - in some states.
if California was as bad off economically as Michigan, it would be called a Depression.
and that's before GM goes BK, if it does.
if California was as bad off economically as Michigan, it would be called a Depression.
and that's before GM goes BK, if it does.
Another one of the survivalists adds their bit.
As I offered earlier, economic depression isn't an end of civilization scenario. And if it were, the "rugged individualists" would be among the first to go under, because they'd be no match for organized paramilitaries...
TheSlamma
Diamond Member
- Sep 6, 2005
- 7,625
- 5
- 81
If people on anti-depressant meds go off their medication due to cost or due to losing their job and healthcare benefits, then there will be alot of erratic behavior. They say going off anti-depressants is the hardest part, and is the source of the most crazy behavior: shooting rampages to increase.
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