[I'm glad you think the largest drop in financial markets since The Great Depression is funny. It won't be funny if this continues, we see more layoffs and the government can't afford to pay unemployment.
That was meant to be The Great Recession (which the 2008/2009 recession is often coined)... not Depression. Since, I now kinda consider this to be a Depression, and think history texts will agree, I sometimes mix up words.
With that one word change, what I said is accurate.
This ain't no depression. Go ask your grandparents.
everybody wants the most they can possibly get
for the least they could possibly do
This ain't no depression. Go ask your grandparents.
Let's put it this way:
According to the textbook definition, we are no longer in the recession (called the Great Recession). I'm sure a lot of people may take issue with that, but it's technically true.
That recession was the worst since The Great Depression. Two years later, unemployment is still incredibly high, house prices continue to tank, financial markets are spooked and consumer confidence is horrid. Meanwhile, our government has tied it's own hands, and creditors have just downgraded us. If we fall into another recession less than two years after the Great Recession (once again some think we never really got out of the first), this time we won't have the government spending fake band-aid to try to hide the problem. We'd get hit and hard, and government couldn't do anything about it. We'd have to let it bleed out (which in my opinion would be a good thing).
I think another recession is coming and I'm not alone. That's why I believe this will be coined a Depression. Not in the near term, but give it a year or two. You'll see what I mean. The trends are very similar to the Great Depression, when there was a brief rebound, then more pain.
Basically, there are two types of recessions: the short-term, cyclical wage-price recessions that prevailed after World War Two and that were manipulated by monetary policy, and the deeper recessions, or depressions, like those that occurred in the 1890s or 1930s. This is the latter.
Word of warning: the way we got out of the Great Depression was WWII. WWIII anyone?
This ain't no depression. Go ask your grandparents.
Let's put it this way:
According to the textbook definition, we are no longer in the recession (called the Great Recession). I'm sure a lot of people may take issue with that, but it's technically true.
That recession was the worst since The Great Depression. Two years later, unemployment is still incredibly high, house prices continue to tank, financial markets are spooked and consumer confidence is horrid. Meanwhile, our government has tied it's own hands, and creditors have just downgraded us. If we fall into another recession less than two years after the Great Recession (once again some think we never really got out of the first), this time we won't have the government spending fake band-aid to try to hide the problem. We'd get hit and hard, and government couldn't do anything about it. We'd have to let it bleed out (which in my opinion would be a good thing).
I think another recession is coming and I'm not alone. That's why I believe this will be coined a Depression. Not in the near term, but give it a year or two. You'll see what I mean. The trends are very similar to the Great Depression, when there was a brief rebound, then more pain.
Basically, there are two types of recessions: the short-term, cyclical wage-price recessions that prevailed after World War Two and that were manipulated by monetary policy, and the deeper recessions, or depressions, like those that occurred in the 1890s or 1930s. This is the latter.
Word of warning: the way we got out of the Great Depression was WWII. WWIII anyone?
Wasn't it the spending associated with WWII that got us out of the Depression? What are you proposing?
This ain't no depression. Go ask your grandparents.
Let's put it this way:
According to the textbook definition, we are no longer in the recession (called the Great Recession). I'm sure a lot of people may take issue with that, but it's technically true.
That recession was the worst since The Great Depression. Two years later, unemployment is still incredibly high, house prices continue to tank, financial markets are spooked and consumer confidence is horrid. Meanwhile, our government has tied it's own hands, and creditors have just downgraded us. If we fall into another recession less than two years after the Great Recession (once again some think we never really got out of the first), this time we won't have the government spending fake band-aid to try to hide the problem. We'd get hit and hard, and government couldn't do anything about it. We'd have to let it bleed out (which in my opinion would be a good thing).
I think another recession is coming and I'm not alone. That's why I believe this will be coined a Depression. Not in the near term, but give it a year or two. You'll see what I mean. The trends are very similar to the Great Depression, when there was a brief rebound, then more pain.
Basically, there are two types of recessions: the short-term, cyclical wage-price recessions that prevailed after World War Two and that were manipulated by monetary policy, and the deeper recessions, or depressions, like those that occurred in the 1890s or 1930s. This is the latter.
Word of warning: the way we got out of the Great Depression was WWII. WWIII anyone?
Wasn't it the spending associated with WWII that got us out of the Depression? What are you proposing?
I'm not proposing anything. I was half-joking/half-serious. Basically, I'm saying I wouldn't be surprised if a World War erupts in the next decade, especially if this economic disaster spreads. As for the spending part, I personally don't believe military spending does any good for the economy unless it provides confidence or resources that were not there prior.
It's not so much that there was a golden age or something, but we value education less and it represents less in the real world, parenting and the family structure has been greatly lowered and through media and other indoctrinations, people have become less tolerant, more polar and our consumer culture is ever growing.
How are our cultures norms/values deteriorating? Was there a peak in the past?
I don't think we value education less. More people have higher ed. degrees. The high school drop out rate has dropped almost in half in the last 30 years, but I'm sure no one would think that's the case, because people aren't satisfied with the current drop out rate. Why? because we value education more than we used to.
The family structure has changed over time, some for the better, some not, and some people say there's a causation with other factors when there really isn't. I don't think the media has much to do with it, as it more has to do with economic issues, greater equality for women, and a change in what family means, and what a marriage/love means. I don't know what you mean by indoctrinations.
I would say people are way more tolerant than they used to be, I'm no sure why you'd say were less.
Our consumer culture is growing, as are the negative that come from it, but there is also more dialogue about questioning our culture and what we get from our superficial possessions vs. figuring out what really matters.
More people graduate now because we have more people in our nation. Also we pass kids through school rather than leave them back (like they should be doing). Kids graduate more but learn less. Also, the degrees you refer too are worth less in todays business world than in generations before.
As for the family structure, parenting in our nation has drastically gotten worse. People are much less responsible and many that even are, work more and have less time to be around. Also, in terms of media, tv, video games, and the internet now are our baby sitters..and with that said, our line for morality and what we consider acceptible has greatly diminished. It's everywhere in our culture and underlines the way our citizens think, feel, express themselves and act...and it's spiraling down and down.
As for tolerance, the nature of our society has grown to be far less tolerant and it's all across our political system and society. People are more concerned about their "side" being right, then what's best for the nation and our future...think about how ass backwards that is. Honestly... it's insane.
Lastly, as our consumer culture grows, it feeds itself into a very negative, short sided and empty path. Not to sound cliche, but in the movie Fight Club, there's some great quotes - says it better than I could. http://www.youtube.com/watch?v=TJdfWdIBfE8
I don't think we value education less. More people have higher ed. degrees. The high school drop out rate has dropped almost in half in the last 30 years, but I'm sure no one would think that's the case, because people aren't satisfied with the current drop out rate. Why? because we value education more than we used to.
The family structure has changed over time, some for the better, some not, and some people say there's a causation with other factors when there really isn't. I don't think the media has much to do with it, as it more has to do with economic issues, greater equality for women, and a change in what family means, and what a marriage/love means. I don't know what you mean by indoctrinations.
I would say people are way more tolerant than they used to be, I'm no sure why you'd say were less.
Our consumer culture is growing, as are the negative that come from it, but there is also more dialogue about questioning our culture and what we get from our superficial possessions vs. figuring out what really matters.
CONservative governMENt
Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
This ain't no depression. Go ask your grandparents.
Let's put it this way:
According to the textbook definition, we are no longer in the recession (called the Great Recession). I'm sure a lot of people may take issue with that, but it's technically true.
That recession was the worst since The Great Depression. Two years later, unemployment is still incredibly high, house prices continue to tank, financial markets are spooked and consumer confidence is horrid. Meanwhile, our government has tied it's own hands, and creditors have just downgraded us. If we fall into another recession less than two years after the Great Recession (once again some think we never really got out of the first), this time we won't have the government spending fake band-aid to try to hide the problem. We'd get hit and hard, and government couldn't do anything about it. We'd have to let it bleed out (which in my opinion would be a good thing).
I think another recession is coming and I'm not alone. That's why I believe this will be coined a Depression. Not in the near term, but give it a year or two. You'll see what I mean. The trends are very similar to the Great Depression, when there was a brief rebound, then more pain.
Basically, there are two types of recessions: the short-term, cyclical wage-price recessions that prevailed after World War Two and that were manipulated by monetary policy, and the deeper recessions, or depressions, like those that occurred in the 1890s or 1930s. This is the latter.
Word of warning: the way we got out of the Great Depression was WWII. WWIII anyone?
The biggest spending program ever. How high did the debt to GDP ratio get then?
"First they ignore you, then they ridicule you, then they fight you, then you win ."
I should have said that the percentage of people with college degrees is increasing, rather than just more, as that allows for the increase in population. I think over time, curriculum expectations have increased and kids are actually learning more. You see this anecdotally and by measurement devices. Degrees may be worth less, as you say, because you have a larger population with college degrees, and businesses can be more selective, where before, forty or fifty years ago, a college grad had their choice of jobs, both due to the economy, and because their degree made them stand out from the pool of applicants where fewer people had degrees.
In generations past, it was very common for kids to drop out of school after the 8th grade and go to work. That's not accepted now, for different reasons, one being the value of education.
There's no real measurement device for "parenting getting worse". You have to identify indicators of good parenting and look at them over time. You should identify some of those indicators and we can see how they look over time. It is true that parents work more hours out of the home. I don't think there are any conclusions on the effects of that. Technology has been a replacement for parents attention for a long time now. There's always a lag time for our morals to catch up to the technology, and again, I think there's more dialogue and focus on gadgets being distractions than there was 20-30 years ago.
I don't think our morality has diminished, but again you have to identify what you're using to measure this.
Lack of political tolerance is nothing new and has been with the country from the start. I was referring to more tolerance of different cultures, more equality between genders, and an increased attitude of acceptance (attitudes toward gay marriage are a good example of this).
More people graduate now because we have more people in our nation. Also we pass kids through school rather than leave them back (like they should be doing). Kids graduate more but learn less. Also, the degrees you refer too are worth less in todays business world than in generations before.
As for the family structure, parenting in our nation has drastically gotten worse. People are much less responsible and many that even are, work more and have less time to be around. Also, in terms of media, tv, video games, and the internet now are our baby sitters..and with that said, our line for morality and what we consider acceptible has greatly diminished. It's everywhere in our culture and underlines the way our citizens think, feel, express themselves and act...and it's spiraling down and down.
As for tolerance, the nature of our society has grown to be far less tolerant and it's all across our political system and society. People are more concerned about their "side" being right, then what's best for the nation and our future...think about how ass backwards that is. Honestly... it's insane.
Lastly, as our consumer culture grows, it feeds itself into a very negative, short sided and empty path. Not to sound cliche, but in the movie Fight Club, there's some great quotes - says it better than I could. http://www.youtube.com/watch?v=TJdfWdIBfE8
I don't think we value education less. More people have higher ed. degrees. The high school drop out rate has dropped almost in half in the last 30 years, but I'm sure no one would think that's the case, because people aren't satisfied with the current drop out rate. Why? because we value education more than we used to.
The family structure has changed over time, some for the better, some not, and some people say there's a causation with other factors when there really isn't. I don't think the media has much to do with it, as it more has to do with economic issues, greater equality for women, and a change in what family means, and what a marriage/love means. I don't know what you mean by indoctrinations.
I would say people are way more tolerant than they used to be, I'm no sure why you'd say were less.
Our consumer culture is growing, as are the negative that come from it, but there is also more dialogue about questioning our culture and what we get from our superficial possessions vs. figuring out what really matters.
I should have said that the percentage of people with college degrees is increasing, rather than just more, as that allows for the increase in population. I think over time, curriculum expectations have increased and kids are actually learning more. You see this anecdotally and by measurement devices. Degrees may be worth less, as you say, because you have a larger population with college degrees, and businesses can be more selective, where before, forty or fifty years ago, a college grad had their choice of jobs, both due to the economy, and because their degree made them stand out from the pool of applicants where fewer people had degrees.
In generations past, it was very common for kids to drop out of school after the 8th grade and go to work. That's not accepted now, for different reasons, one being the value of education.
There's no real measurement device for "parenting getting worse". You have to identify indicators of good parenting and look at them over time. You should identify some of those indicators and we can see how they look over time. It is true that parents work more hours out of the home. I don't think there are any conclusions on the effects of that. Technology has been a replacement for parents attention for a long time now. There's always a lag time for our morals to catch up to the technology, and again, I think there's more dialogue and focus on gadgets being distractions than there was 20-30 years ago.
I don't think our morality has diminished, but again you have to identify what you're using to measure this.
Lack of political tolerance is nothing new and has been with the country from the start. I was referring to more tolerance of different cultures, more equality between genders, and an increased attitude of acceptance (attitudes toward gay marriage are a good example of this).
I think the numbers or percentage of people going to college is going to start decreasing. Unless you're studying to be a doctor or something along those lines, there just really isn't a compelling reason to pay tuition that doubles every 5 or 6 years anymore. Not too long ago, college was the way to be exposed to information. Now, we have Google.
Just my .02 on the rest of the thread: This isn't a depression. Far too many people are still going to the movies every weekend, still have vacations, cable TV, internet, cell phones, etc.
The only people we should try to get even with...
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
Just my .02 on the rest of the thread: This isn't a depression. Far too many people are still going to the movies every weekend, still have vacations, cable TV, internet, cell phones, etc.
I think the definition of depression is what separates us. Just to clarify, my theory that we're in a depression right now rests on the fact that what we're dipping into now (economically) will be another deep recession.
I understand what you're saying, but pre-1930s every downturn was called a "depression". The term recession was coined to differentiate the 1930s-style depression from smaller economic declines (1910, for example). So, a depression is a recession that lasts longer and has a larger decline in business activity.
In the end, the problem is there's no "textbook" definition of depression, like there is recession.
Comments
There's a sun around the bend ... there always is.
for the least they could possibly do
This ain't no depression. Go ask your grandparents.
for the least they could possibly do
Let's put it this way:
According to the textbook definition, we are no longer in the recession (called the Great Recession). I'm sure a lot of people may take issue with that, but it's technically true.
That recession was the worst since The Great Depression. Two years later, unemployment is still incredibly high, house prices continue to tank, financial markets are spooked and consumer confidence is horrid. Meanwhile, our government has tied it's own hands, and creditors have just downgraded us. If we fall into another recession less than two years after the Great Recession (once again some think we never really got out of the first), this time we won't have the government spending fake band-aid to try to hide the problem. We'd get hit and hard, and government couldn't do anything about it. We'd have to let it bleed out (which in my opinion would be a good thing).
I think another recession is coming and I'm not alone. That's why I believe this will be coined a Depression. Not in the near term, but give it a year or two. You'll see what I mean. The trends are very similar to the Great Depression, when there was a brief rebound, then more pain.
Basically, there are two types of recessions: the short-term, cyclical wage-price recessions that prevailed after World War Two and that were manipulated by monetary policy, and the deeper recessions, or depressions, like those that occurred in the 1890s or 1930s. This is the latter.
Word of warning: the way we got out of the Great Depression was WWII. WWIII anyone?
<object height="81" width="100%"> <param name="movie" value="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869"></param> <param name="allowscriptaccess" value="always"></param> <embed allowscriptaccess="always" height="81" src="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869" type="application/x-shockwave-flash" width="100%"></embed> </object> <span><a href=" - In the Fire (demo)</a> by <a href="
Wasn't it the spending associated with WWII that got us out of the Depression? What are you proposing?
Did WW2 actually get this country out of a depression? Here is a different perspective on it than what is commonly understood:
http://mises.org/daily/5069/World-War-I ... Depression
I'm not proposing anything. I was half-joking/half-serious. Basically, I'm saying I wouldn't be surprised if a World War erupts in the next decade, especially if this economic disaster spreads. As for the spending part, I personally don't believe military spending does any good for the economy unless it provides confidence or resources that were not there prior.
<object height="81" width="100%"> <param name="movie" value="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869"></param> <param name="allowscriptaccess" value="always"></param> <embed allowscriptaccess="always" height="81" src="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869" type="application/x-shockwave-flash" width="100%"></embed> </object> <span><a href=" - In the Fire (demo)</a> by <a href="
I don't think we value education less. More people have higher ed. degrees. The high school drop out rate has dropped almost in half in the last 30 years, but I'm sure no one would think that's the case, because people aren't satisfied with the current drop out rate. Why? because we value education more than we used to.
The family structure has changed over time, some for the better, some not, and some people say there's a causation with other factors when there really isn't. I don't think the media has much to do with it, as it more has to do with economic issues, greater equality for women, and a change in what family means, and what a marriage/love means. I don't know what you mean by indoctrinations.
I would say people are way more tolerant than they used to be, I'm no sure why you'd say were less.
Our consumer culture is growing, as are the negative that come from it, but there is also more dialogue about questioning our culture and what we get from our superficial possessions vs. figuring out what really matters.
As for the family structure, parenting in our nation has drastically gotten worse. People are much less responsible and many that even are, work more and have less time to be around. Also, in terms of media, tv, video games, and the internet now are our baby sitters..and with that said, our line for morality and what we consider acceptible has greatly diminished. It's everywhere in our culture and underlines the way our citizens think, feel, express themselves and act...and it's spiraling down and down.
As for tolerance, the nature of our society has grown to be far less tolerant and it's all across our political system and society. People are more concerned about their "side" being right, then what's best for the nation and our future...think about how ass backwards that is. Honestly... it's insane.
Lastly, as our consumer culture grows, it feeds itself into a very negative, short sided and empty path. Not to sound cliche, but in the movie Fight Club, there's some great quotes - says it better than I could. http://www.youtube.com/watch?v=TJdfWdIBfE8
Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
The biggest spending program ever. How high did the debt to GDP ratio get then?
"With our thoughts we make the world"
In generations past, it was very common for kids to drop out of school after the 8th grade and go to work. That's not accepted now, for different reasons, one being the value of education.
There's no real measurement device for "parenting getting worse". You have to identify indicators of good parenting and look at them over time. You should identify some of those indicators and we can see how they look over time. It is true that parents work more hours out of the home. I don't think there are any conclusions on the effects of that. Technology has been a replacement for parents attention for a long time now. There's always a lag time for our morals to catch up to the technology, and again, I think there's more dialogue and focus on gadgets being distractions than there was 20-30 years ago.
I don't think our morality has diminished, but again you have to identify what you're using to measure this.
Lack of political tolerance is nothing new and has been with the country from the start. I was referring to more tolerance of different cultures, more equality between genders, and an increased attitude of acceptance (attitudes toward gay marriage are a good example of this).
TAKE THEIR OIL
I think the numbers or percentage of people going to college is going to start decreasing. Unless you're studying to be a doctor or something along those lines, there just really isn't a compelling reason to pay tuition that doubles every 5 or 6 years anymore. Not too long ago, college was the way to be exposed to information. Now, we have Google.
Just my .02 on the rest of the thread: This isn't a depression. Far too many people are still going to the movies every weekend, still have vacations, cable TV, internet, cell phones, etc.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
I think the definition of depression is what separates us. Just to clarify, my theory that we're in a depression right now rests on the fact that what we're dipping into now (economically) will be another deep recession.
I understand what you're saying, but pre-1930s every downturn was called a "depression". The term recession was coined to differentiate the 1930s-style depression from smaller economic declines (1910, for example). So, a depression is a recession that lasts longer and has a larger decline in business activity.
In the end, the problem is there's no "textbook" definition of depression, like there is recession.
<object height="81" width="100%"> <param name="movie" value="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869"></param> <param name="allowscriptaccess" value="always"></param> <embed allowscriptaccess="always" height="81" src="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869" type="application/x-shockwave-flash" width="100%"></embed> </object> <span><a href=" - In the Fire (demo)</a> by <a href="