What's the next economic crisis du jour?

Discussion in 'Economy' started by william the wie, Jan 28, 2011.

?

what next?

  1. foreclosuregate gets messy

    1 vote(s)
    16.7%
  2. States start defaulting

    4 vote(s)
    66.7%
  3. PIIGS start defaulting

    1 vote(s)
    16.7%
  4. BRIC bubbles pop

    0 vote(s)
    0.0%
  5. The food crisis worsens

    0 vote(s)
    0.0%
  6. Commodoties drop like a rock

    0 vote(s)
    0.0%
  1. william the wie
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    william the wie Gold Member

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    Being in a cynical mood I figured I would poll people on what will be the next leg down.
     
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  2. william the wie
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    william the wie Gold Member

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    I picked no 1 to get the ball rolling. I have no idea which one will come first.
     
  3. Two Thumbs
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    Two Thumbs Platinum Member

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    I went with states defaulting. It's as close as I could get to thinking there will be major issues with pensions for more and more states.

    If that happens, I'm thinking a domino effect will take over and lots of things are going to change.
     
  4. antagon
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    antagon The Man

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    except for the state's default scenario, the remaining disasters are all different faces of the same ailment: too much money, not enough real investment. the best case scenario is an all of the above episode which evaporates some ($10^12 or better) of the cash upon ignition.
     
  5. asterism
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    asterism Congress != Progress

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    I predict the States, since they are in the worst shape and have the most means to get in the way of economic progress. They always cut the front lines and never cut the administrators. The retired administrators somehow see this as okay.

    It's going to be a real mess.
     
  6. Paulie
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    Paulie Platinum Member

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    The DOW has recently hit 12,000.

    What is everyone so worried about?
     
  7. Toro
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    Toro Diamond Member

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    A currency crisis or a sovereign debt crisis, if it happens. It has to be bigger than Lehman and subprime and the housing bubble collapse.

    I think a state defaulting isn't that big of a deal.
     
  8. zzzz
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    zzzz Just a regular American

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    Oil skyrocketing to $100+ a barrel. This causes the consumer to spend more money for gas ($4.00/gal) and causing the economy to backslide back into recession. Food prices continue to soar as a result of the increased fuel costs and the natural disaters around the world causing global unrest. What is happening now is just the beginning. State default looks like a real possibility with a return of recession.
     
  9. Trajan
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    Trajan conscientia mille testes

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    frankly an 'all of the above' option would not have been bad. ;)
     
  10. Trajan
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    Trajan conscientia mille testes

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    :lol:;)" happy days are here again the sky is blue....."
     

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