Author Topic: Global Recession?  (Read 12665 times)

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Offline eyephone

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Global Recession?
« on: October 13, 2014, 02:11:13 PM »
Are we heading to a global recession? (Fear of disease/war, dollar too strong, elections, real estate slowing, stock market sell off, Europe economy weak, HK protest)

Offline The California Court Company

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Re: Global Recession?
« Reply #1 on: October 13, 2014, 02:59:53 PM »
dooms day scenario

1. ISIS grows much stronger, gaining weapons of mass destruction, even nuclear
2. Ukraine crisis resurfaces, a region war imminent
3. Ebola gets out of control as it spreads out in North America, Europe and Asia
4. HK protest catches fire in other China provinces; civil unrest everywhere in China
5. Military coup in North Korea; Korea penisula conflict imminent
6. Stock market correction and real estate slow down
7. Global warming causing droughts and food price spikes
8. Other natural disasters. The big one in California, Tsunamis in Asia, etc
"Should any Person come into contact with such fruit, soil or groundwater, such Person is advised to wash thoroughly with soap and water and seek immediate medical attention"-Augusta Disclosure, Tustin Legacy

"You'll probably be able to buy a 4BR detached home in Quail Hill for $150,000."-IndieDev

Offline irvinehomeowner

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Re: Global Recession?
« Reply #2 on: October 13, 2014, 03:03:22 PM »
You forgot:

ALL Irvine Home Prices Drop 40%
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Offline The California Court Company

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Re: Global Recession?
« Reply #3 on: October 13, 2014, 04:31:45 PM »
OK.
and 10. Zombie Apocalypse. Patient zero is Qwerty, bitten by his mutated dog having too much TCE in its system.
"Should any Person come into contact with such fruit, soil or groundwater, such Person is advised to wash thoroughly with soap and water and seek immediate medical attention"-Augusta Disclosure, Tustin Legacy

"You'll probably be able to buy a 4BR detached home in Quail Hill for $150,000."-IndieDev

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Offline eyephone

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Re: Global Recession?
« Reply #4 on: October 13, 2014, 07:07:23 PM »
Add global deflation fears.

Offline lnc

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Re: Global Recession?
« Reply #5 on: October 13, 2014, 08:35:32 PM »
Add global deflation fears.

Well, if you don't have anything, you have nothing to fear, there's nothing to deflate. ;)

Actually, deflation might not be a bad thing.
Quote
Deflation is actually a good thing, because in a deflation prices drop and money becomes more valuable, so deflation encourages people to save money. Deflation rewards the prudent saver and punishes the profligate borrower. The way a society, like an individual, becomes wealthy is by producing more than it consumes. In other words, by saving, not borrowing. And during a deflation, when money becomes more valuable, everybody wants money. They want to save. Whereas during an inflation, you want to get rid of the money. You want to consume. You want to spend. But you don’t become wealthy by spending and consuming; you become wealthy by producing and saving.

Lower prices increase demand; they do not reduce or delay it. That’s why more and more people own flat-screen TVs, cellular telephones, and laptop computers: the prices of these goods have fallen, and people with lower incomes can afford them. And there are more low-income people than high-income people.
http://www.forbes.com/sites/jonmatonis/2012/12/23/fear-not-deflation/

Offline aquabliss

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Re: Global Recession?
« Reply #6 on: October 13, 2014, 09:18:51 PM »
Save your cash people!  Turtles and Shady at $300k by year end.

Offline momopi

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Re: Global Recession?
« Reply #7 on: October 14, 2014, 12:34:29 PM »
Day 1:  Major earthquake hits LA region, knocks out California aquaduct, water pumps, and cause great many aging water pipes to break.  Freeways, roads, bridges, rail, etc. are damaged disrupting transportation.  Wide-area utility service outage.  Hospitals are overwhelmed with injured.

Day 2:  Supermarket shelves are emptied.  FEMA and other emergency services are overwhelmed with their limited resources.  Local law enforcement agencies go AWOL as police officers return home to attend to their families.  Transporation system breaks down and delivery of groceries, medicine, petrol, and other necessirites are severely restricted.

Day 3:  Looting breaks out across the Greater Los Angeles Area.  Refugees flood into neighboring cities/countries.  Armed survivalists and preppers flee into the mountains, only to find the guy next to them is armed with bigger guns.


Week 2:  Refugees who are dumb enough to be evacuated to FEMA camps find living conditions far worse than the Superdome after Katrina, with overcrowding, limited resources, frequent riots over distribution of food and water, inadequate sanitation, with sh*t and trash littered across the landscape.  Refugees drinking unfiltered water from the Los Angels and San Gabriel rivers & park lakes fall ill to dysentery.


p.s.  this is my 666th post.

Offline irvinehomeowner

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Re: Global Recession?
« Reply #8 on: October 14, 2014, 12:38:56 PM »
Refugees drinking unfiltered water from the Los Angels and San Gabriel rivers & park lakes fall ill to dysentery die and return as zombies.
No apocalypse is complete without the zeds.
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Offline Irvinecommuter

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Re: Global Recession?
« Reply #9 on: October 14, 2014, 12:47:56 PM »
Whatever...trying to refinance, need more people to buy US Treasuries

Offline eyephone

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Re: Global Recession?
« Reply #10 on: October 14, 2014, 01:40:46 PM »
@Inc - previously you said, "deflation might not be a bad thing." I think it's the opposite.

"Prices go down, what’s not to like?

Yet the cold economic reality means that when prices fall people stop spending, hoping things will get even cheaper. In response, businesses cut production and lay off workers. That means even less demand, and prices drop further.

By then, your economy’s in a vicious downward spiral.

Making things worse, those falling prices bring declining wages and worsening debt burdens.

Anybody who doubts how bad it could get should look back to the last time the United States caught a serious dose of deflation, from 1929-33. They called that the Great Depression."

Source: http://mobile.news.com.au/finance/economy/why-deflation-is-so-terrifying-for-europe/story-e6frflo9-1227063772773

Offline lnc

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Re: Global Recession?
« Reply #11 on: October 14, 2014, 01:45:14 PM »

Offline irvinehomeowner

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Re: Global Recession?
« Reply #12 on: October 14, 2014, 01:50:09 PM »
@eyephone:

Deflation is not a Depression.

It's been shown that the Gub will pull out all the stops to prevent a downward spiral.

Regardless... I don't think we'll ever get to 1929 unless something catastrophic happens... like Zs, WWIII, a big flood or asteroids.
Once you go 3-car garage... your junk can never go back.
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Offline eyephone

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Re: Global Recession?
« Reply #13 on: October 14, 2014, 01:59:06 PM »
@eyephone:

Deflation is not a Depression.

It's been shown that the Gub will pull out all the stops to prevent a downward spiral.

Regardless... I don't think we'll ever get to 1929 unless something catastrophic happens... like Zs, WWIII, a big flood or asteroids.

"Japan has languished in a deflationary cycle pretty much since the late 1990s, its once-booming economy reduced to “lost decades” of stagnation. The country now lays claim to the world’s highest debt — over 1 quadrillion yen ($9 trillion) — more than twice the size of its total economic output.

Europe is now teetering on the edge.

Seventy-four per cent of global investors expressed fears the euro zone was slipping into deflation, according to a recent Bloomberg poll.

Nobel Prize-winning economist Paul Krugman says Europe’s economy is performing worse now than in the 1930s.

It’s not just the economics that are starting to resemble those dark times, he warned, looking to the rise of a new nationalism that threatens to undermine the post-WWII order — when Europe’s former enemies came together in what became the European Union."

http://mobile.news.com.au/finance/economy/why-deflation-is-so-terrifying-for-europe/story-e6frflo9-1227063772773



Offline irvinehomeowner

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Re: Global Recession?
« Reply #14 on: October 14, 2014, 02:02:44 PM »
But this is 'Merica. :)
Once you go 3-car garage... your junk can never go back.
3CWG: 3-Car Wide Garage
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I recommend:
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