Recession or Depression?

weatherboi · 04-13-2010, 02:30 PM

hey everybody!!!
great thread!!

long story short

i own a buisness i bought back in 2005
i was doing great up until the bailout of October 2008
then the consumer panic button went off and the service industry took a turn
i have been fighting this recession for almost 2 years now and i am running out of cash to keep it afloat *shrugs*

my life is too short to keep swinging

are we in a recession or a depression??
i think we are in a recession heading towards a depression...why??

because i think wall street's greedy philosophy is partly to blame...i read an article a few years back that explains it fairly well...i am gonna go find it

do i think it is gonna happen in 2011??

i dunno
what i do know is that we will continue to be told "it is gonna turn around soon", but I don't see it.

here is the article *this is not the only one i based my thoughts on*
http://www.marketwatch.com/story/wel...ression-2-2011

i am all about SLOW MONEY Capitalism/Natural/Nuture capitalism
i feel it is a start

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04-13-2010, 02:30 PM	#11
weatherboi Infamous Member How Do You Identify?: Owned boy Preferred Pronoun?: Hey boy!!! Relationship Status: counting freckles slowly under Her direction!!! Join Date: Nov 2009 Location: i have 2 sets of geographic coordinates!!! Posts: 6,097 My Photo Gallery Thanks: 26,797 Thanked 12,548 Times in 2,993 Posts Rep Power: 21474859	hey everybody!!! great thread!! long story short i own a buisness i bought back in 2005 i was doing great up until the bailout of October 2008 then the consumer panic button went off and the service industry took a turn i have been fighting this recession for almost 2 years now and i am running out of cash to keep it afloat shrugs my life is too short to keep swinging are we in a recession or a depression?? i think we are in a recession heading towards a depression...why?? because i think wall street's greedy philosophy is partly to blame...i read an article a few years back that explains it fairly well...i am gonna go find it do i think it is gonna happen in 2011?? i dunno what i do know is that we will continue to be told "it is gonna turn around soon", but I don't see it. here is the article this is not the only one i based my thoughts on http://www.marketwatch.com/story/wel...ression-2-2011 i am all about SLOW MONEY Capitalism/Natural/Nuture capitalism i feel it is a start