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Discussion Boards > Active Subjects > Messages as Posted > Personal Finance Investments Forum

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09-26-2011, 13:20

Post: 180573

DennisCTB

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Join Date: Nov 1998
Location: NorthWest NJ
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Poll Are we in for a double dip recession

There seems to be widespread thinking that we might be in for bad times ahead, with the prospect of a double dip recession ....back to the pits of 2009.

What do your think?

Recession is when your friend loses their job, depression is when you lose your job! Migraine headaches occur when your employer decides you are too old for your line of work and lays you off, and you have multiple kids starting college, and you are about to enroll in Medicare, and you see the size of your first Social Security check.......

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09-27-2011, 07:52

Post: 180593

DennisCTB

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Poll Are we in for a double dip recession

It is an interesting box we are in at the moment. With China slowing its growth, our economy stuck and in debt, Europe mired in deficits and entitlement issues. With the US election a year away ... an ineffective Congress that is not united to help the people.

Yet when everyone thinks things could not be worse that is usually the sign that things are going to get better. I rememeber when the market was hitting its high prior to the Y2000 crash, even people with only $500 of total life savings were putting the money into the market. On the down side it is a lttle harder to tell.

I knew someone years ago that based his investment strategy on his own index. Each Sunday he got the NY Times and recorded the number of Ferari's that were for sale and charted the results. Lots of Ferari's for sale being negative .

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