The coming financial crisis

[Butchers Bill]

when the market hits rock bottom and if you have top notch credit would that be the ultimate time to buy a house (like romey said in like six months)

But he hit on this one.  +2?

Bottom would have been Feb 2008 in that "prediction".  Still a wee bit off.

But still not a bad time to buy. If you keep waiting for the bottom, you'll miss it

Very true.  With interest rates near all time lows and prices depressed it is a good time to buy without a doubt...as long as you plan on staying for 5-10 years.  I still think there is a little room for prices to go lower, but opinions vary.

[Tomahawk]

I thought it was 2012?

According to the Mayans, it is.

REPENT!

[PoopyfaceMcGee]

I thought it was 2012?

No, that's when Sheldon's contract is up.

[General_Failure]

So it is the end of the world, then.

[rjs246]

The US is in the best position dominate puny international naysayers once this crisis has ended.

There will be no winners from the prolonged and painful economic emergency. But some countries will lose more than others. The United States is likely to emerge less damaged than most, as unfair as that will seem to a world that blames it for triggering the crisis. For one thing, it is much easier for a chronic trade-deficit country such as the United States to rebuild its battered export sector than it is for export-oriented countries like China and Japan to rebalance their economies toward more consumption and social insurance. For another, the United States, alone among the world's leaders, is potentially an industrial superpower, a commodity superpower, and an energy superpower at the same time.

The United States will also continue to benefit from the inward flow of foreign money, talent, and labor. Others may grumble about the creditworthiness of Uncle Sam in light of emergency-driven deficits, but in the foreseeable future what places will be a safer haven for investments? A fragile and politically unstable China? Japan, with a shaky economy and aging population? A Europe of squabbling nation-states, riven by cleavages between natives and Muslim immigrants? Authoritarian petrostates where assets can be confiscated without warning?

The crisis has reduced the flow of immigrants into the United States along with the demand for their labor, but both should recover, putting the country back on its pre-crisis path of immigration-fed population growth and leading to a population of 400 to 500 million by 2050 and as many as a billion people by 2100. Whether the U.S. economy can grow rapidly enough to maintain a high standard of living for all those people remains to be seen (though prophets of Malthusian gloom about alleged U.S. overpopulation have been refuted many times before). The bottom line is: The populations of Europe, Russia, and Japan are declining, and those of China and India are leveling off. The United States alone among great powers will be increasing its share of world population over time.

Interesting stuff.

[Sgt PSN]

seems logical enough though.  the strongest often get hit the hardest, but the impact is usually for a shorter term which enables faster recovery. 

a pro football player gets hit and breaks his leg.  i get hit the exact same way playing rec football and break my leg twice as bad.  even though the pro got hit harder, buy a much bigger person than i did, he suffers less injury and will still recover quicker and get back on the field long before i do because his body is so fine tuned, it's not only more durable but it will heal faster as well.  meanwhile, my bourbon and cheeseburger filled insides will totally crumble and will require complete and total reconstruction.  actually, if i ever break my leg it would probably be easier and better for all involved if i was just put down. 

[Father Demon]

Stop comparing professional athletes to the real world.  It's just ridiculous.

[Sgt PSN]

its an analogy, not a comparison.  putz. 

[Seabiscuit36]

haha anal

[rjs246]

Everything in this article points to very positive signs in the economy.

But since it's being published by The Weekly Standard it slides in snide remarks about the current administration, despite the fact that it outlines how some of the policies are directly helping. 'Things are turning around and some of the policies are leading directly to these turnarounds. But we still don't like it!'

Clowns.

[ATV]

Remember the "Obama Bear Market"?

http://mediamatters.org/research/200903100036

Now that the market looks to have turned around I'm just sure Fox "News" will call it the Obama bull market.

[rjs246]

If I weren't ignoring your posts I would remind you that the major stock market indexes are still lower (or right at) the levels that they were when Obama took office. Financial and housing reports are mixed from week to week and major companies are still on the verge of (or in the process of filing for) bankruptcy.

So let's not get all excited just yet. The economy is turning around, but the stock market isn't the only indicator of the economy's health as is evidenced by the fact that the Dow was never higher than when Bush was in office.

[rjs246]

After laying in to ATV above, maybe it's contradictory to post some potentially good news, but I'm gonna do it anyway.

[reese125]

I really thought America was going to turn into Cinderella Man and I might have to box my way out, so this is definitely good news

[Seabiscuit36]

I don't understand why bac stock is up