Forum Discussion
Tom_Holsinger
Aug 12, 2010Explorer
Marty,
I disagree somewhat. I expect the economy to fall off a cliff next year. We had net disinvestment in our capital stock last year, for the first time since the Great Depression and the end of World War Two. See http://online.wsj.com/article/SB20001424052748704164904575421403221676016.html
"... the capital stock—the inflation-adjusted value of all business equipment and software in place in the U.S.—dropped 0.9% from 2008—its first decline since World War II."
That disinvestment hasn't changed a bit this year. I was aware of it last year and predicted how saggy it would make the economy this year. But throw in the effects of next year's massive tax increases and the Obama administration will have turned a recession into a full-bore depression. It won't be a mere double-dip recession. Real unemployment will jump to over 20%.
I'll start looking in December 2011 for a 2007 or 2008 Dodge Ram 3500 dually with the 6.7 liter Cummins diesel engine. I can have its transmission reset to a 4.10 if it doesn't come with that. I believe a fair number of those were sold then because that was just before the recession hit, and the 6.7 liter Cummins was revolutionary and very popular.
I disagree somewhat. I expect the economy to fall off a cliff next year. We had net disinvestment in our capital stock last year, for the first time since the Great Depression and the end of World War Two. See http://online.wsj.com/article/SB20001424052748704164904575421403221676016.html
"... the capital stock—the inflation-adjusted value of all business equipment and software in place in the U.S.—dropped 0.9% from 2008—its first decline since World War II."
That disinvestment hasn't changed a bit this year. I was aware of it last year and predicted how saggy it would make the economy this year. But throw in the effects of next year's massive tax increases and the Obama administration will have turned a recession into a full-bore depression. It won't be a mere double-dip recession. Real unemployment will jump to over 20%.
I'll start looking in December 2011 for a 2007 or 2008 Dodge Ram 3500 dually with the 6.7 liter Cummins diesel engine. I can have its transmission reset to a 4.10 if it doesn't come with that. I believe a fair number of those were sold then because that was just before the recession hit, and the 6.7 liter Cummins was revolutionary and very popular.
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