The Conservative Cave
Current Events => The DUmpster => Topic started by: GOBUCKS on August 18, 2011, 12:15:48 PM
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nadinbrzezinski (1000+ posts) Thu Aug-18-11 01:04 PM
Original message
so the DOW continues to go down
As I said the other day... I think we are now in a slow motion crash... that is just my opinion but we are, quite frankly, beyond just a correction.
And yes, this is about our lovely global economy... not just the US... but hey, if you are talking globalization a crisis in any one region could and would do this... and this is about a 20% correction so far... I am sorry, but isn't a correction 10%... I love these analysts, I really do.
Oh and now they are talking deflation and stagflation... nope they are not the same thing... and it was a DEFLATIONARY environment that not only led to the lost decade but was also part and parcel of the Great Depression
(Disclaimer: getting things does not mean one is celebrating them, disclaimer needed since I expect that charge anyway)
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1764448
In case anyone forgot, know-it-all nadin reminds us that she gets it.
dmallind (1000+ posts) Thu Aug-18-11 01:09 PM
Response to Original message
1. just so long as you start a 5th thread when it goes back up
Which of course you won't be able to, as it's considered inappropriate on DU to point out rises, only falls in the Dow.
How close is the index to what you thought it would be now from the vantage point of early 2009 BTW? Awful lot of 4000 predictors on DU around that time who laughed at my 11000+ predictions...
In January, 2009, the DJIA was around 8000.