5 replies to this topic

[hiker]

please vote

this chart link is borrowed from someone else

http://mail.google.c...1c8b8b86f1776b1

[Sentient Being]

Thank you, Hiker. I didn't know if this had been done here or not but I'm interested in what the board thinks.

[hiker]

you are welcome, SB.

this chart (last update is Dec 2002) of credit market debt as a percent of US GDP is related to your poll subject.

http://www.cfos100.c...ditdebt-gdp.gif

Edited by hiker, 27 September 2008 - 11:21 AM.

[ogm]

I think its between recession and slow falt period. The rest of the world is the big counterwieght to the US economic problems. The US financial system may be pretty darn shaky, but European and Asian consumers aren't drowning in debt up to their eyeballs like their US counterparts. They were actually pretty reliable savers for a loong time. And Asian and European banks aren't overloaded with bad debts, except for the leftover US slimy paper that they've mostly written off already. And I'm not even talking about Middle east money that is simply gorging on wealth. Of course the consumer debacle in the US will be a big drag on the global economy, but I think the balance from the rest of the world will help it somewhat. It will take time for the debts to unwind. Probably years. Think Japan.

[Vishal]

Human beings are eternal optimists.

[Sentient Being]

You know, the thing that's most interesting so far, with most of the people who are going to vote on this having voted.....so far, not a single person thinks the bottom is in. Not a single vote. Some may thing we bounce up but come back down.....but none are voting for the economy is bottoming and going to go up from here. I'm wondering if that means things are going to get ugly or if that means we've hit an extreme in sentiment and it's time to buy buy buy? Not that it matters to me but I was glad to get a feel for what folks are thinking here as a group.