Double-Dip Recession a 'Virtual Certainty'

[JohnSmith2007 353]

So you're not even nearly as convinced as you made it seem that we're heading towards hyperinflation? It's not a certainty and most certainly not inevitable?

I think it is a very real possibility. Look, I don't have a crytal ball and all I can do is plan the best I can for the future. I don't however believe for a minute that anything the government has done is helping in the slightest. In fact I think they are lighting a match to our future. Whether we have hyper-inflation or a depression is still a big question but one thing is for sure, the future is bleak for the USA unless we do an about face on the economy.

[Mr. Big Dog 10,747]

Put the shoe on the other foot. If you think that consumer spending is the way out then borrow a bunch of money, put yourself in debt and spend, spend ,spend. Lets see who is in better shape 5 years from now.

You keep dancing around the issue. You stated here that we're headed towards repeating Weimar, that we inevitably face hyperinflation. You assured me that you're certain on this point. If you were, your actions (paying down debt that the certainly coming hyperinflation would wipe out for you while saving money which the hyperinflation will also wipe out) make absolutely no sense. You can't square that circle.

[JohnSmith2007 353]

You keep dancing around the issue. You stated here that we're headed towards repeating Weimar, that we inevitably face hyperinflation. You assured me that you're certain on this point. If you were, your actions (paying down debt that the certainly coming hyperinflation would wipe out for you while saving money which the hyperinflation will also wipe out) make absolutely no sense. You can't square that circle.

No, I said a double dip recession is a certainty. I said hyper-inflation is one possibility. Don't try and put words in my mouth and the attempt to trap me. Hey, like I said, if you think things are rosey then borrow a bunch of money and go on a spending spree. Do your part to spend our way out of this mess.

[Ban Hammer 13,676]

No, it isn't a lawnmower. But you can start an upward economic cycle by creating demand. It's been done time and again and it's worked time and again. Look at Germany and then tell me that the "jump-start" the German government provided for the German economy has failed.

farfegnugen is why germany's worked.

[^_^ 5,021]

About this double dip thing - economists are divided on the issue and so are all of you. So how about we wait and see and if we don't see another 2 consecutive quarters of negative growth in gross product by June 2011, John Smith buys Big Dog a virtual beer.

[JohnSmith2007 353]

About this double dip thing - economists are divided on the issue and so are all of you. So how about we wait and see and if we don't see another 2 consecutive quarters of negative growth in gross product by June 2011, John Smith buys Big Dog a virtual beer.

I would be very happy if we come out of this economic downturn, however you want to label it. If we don't have another recession then I would be very happy to buy Dog a real beer and a steak dinner to go along with it.

[^_^ 5,021]

Steak dinner?? You're a generous man.

[Mr. Big Dog 10,747]

No, I said a double dip recession is a certainty. I said hyper-inflation is one possibility. Don't try and put words in my mouth and the attempt to trap me.

I ain't putting any words into your mouth. Remember the below? That's not me constructing anything, that you talking not about a possibility of hyperinflation but about hyperinflation as the sure thing to come.

The facts are still the same. We have 10% unemployment, soaring deficits and hyper inflation is coming soon.

When they stop our only alternative is to monitize our debt by printing more money. I noticed the other day we have already started down that road. That is what caused the hyper inflation of the Weimar Republic.

The prediction [Weimar] is coming true as we speak.

[^_^ 5,021]

Big Dog,

Stop cheating. All statements expire 60 seconds after you hit enter and you know it.

[JohnSmith2007 353]

I ain't putting any words into your mouth. Remember the below? That's not me constructing anything, that you talking not about a possibility of hyperinflation but about hyperinflation as the sure thing to come.

As ususal statments are taken as absolutes when none was given. It's an old ploy when logic is overlooked. If you don't want to accept the facts that monitizing our debt leads to inflation go ahead. If you don't want to look to examples of the past to give us an idea of what the future holds, be my guest. Go ahead and believe that we are on the yellow brick road and all is well.

[Pinocchio Liberal 268]

Sound familiar?

The October 1929 crash came during a period of declining real estate values in the United States (which peaked in 1925) near the beginning of a chain of events that led to the Great Depression, a period of economic decline in the industrialized nations.

[mawilson 2,133]

No, it isn't a lawnmower. But you can start an upward economic cycle by creating demand. It's been done time and again and it's worked time and again. Look at Germany and then tell me that the "jump-start" the German government provided for the German economy has failed.

I hope you're right. Let's give it some time - if the German economy doesn't slip back into a

recession next year (without further stimulus), I will admit that you were right and I was wrong.

[^_^ 5,021]

Jim Cramer sounds upbeat today. I wonder why.