Monday, April 27, 2009

What a depression really looks like

How about sacks for clothes, instead of shopping at Saks?

How about a broken down truck instead of a Lexus?

How about a shanty instead of subprime?

How about a soup kitchen instead of Whole Foods?

And we are in a depression?

How about it?

Are you buying what Wall Street is selling?

Because you've traded down?

Are you?


Anonymous said...

Good reality check - I'm so sick of having my intelligence insulted by the "great depression" comparisons pushed by the chicken little crowd. I find it ironic that your bear descriptors have a glove like fit for our far left progressive intellectual friends.


Anonymous said...

This isn't your grandfather's depression. Remember, losses are socialized. This will happen in a big way, but you won't see it. Government will paper it over until the bond market reacts.

Anonymous said...

It usually takes me about 40 minutes to get to work. Today it took me less than 20 minutes. There is no traffic, no parents taking their kids to work, no tourists. Buses are half-empty, with most passengers wearing face masks. The absence of tourists is striking. There are no tourists riding the bus or walking the streets. No tourists. The virus has not travelled to Puerto Vallarta, but tourists have stopped coming. The almost palpable absence of the latter could turn out to be as bad as, or even worse than, the presence of swine flu. As locals half-jokingly, half-seriously, comment, "If it spreads to Vallarta, the virus might kill us; hunger will surely kill us." I am afraid to admit that Vallarta residents seem to have it right: no tourists, no money, no food. I wonder if our fear of a possible pandemic, along with all the preventive measures that are causing a serious economic slow-down (cancelled flights, closed restaurants, etc.), will not trigger an economic crisis much more deadly than the flu itself.
Chavdarova, Puerto Vallarta, Mexico

Worldwide DEFLATION anyone?

chenmeinv0 said...

longchamp outlet
cheap jordan shoes
adidas nmd
michael kors outlet online
coach outlet store online
louboutin paris
puma shoes
calvin klein
birkenstock outlet
adidas originals zx flux

Unknown said...

kobe shoes
nike free running
coach outlet online
nike outlet store online
polo ralph lauren outlet
gucci outlet
air max 90
cheap jerseys wholesale
coach factory outlet
coach factory outlet

5689 said...

true religion
ralph lauren polo
coach outlet
air max 90
moncler outlet
coach factory outlet
moncler outlet
adidas superstar
nike outlet
jordan uk

zzyytt said...

adidas yeezy
michael kors handbags
kobe sneakers
kd 10
ralph lauren uk
adidas ultra boost
polo ralph lauren
nike air force 1
vans outlet
canada goose jacket