Quote:
Originally Posted by Wild Style
the problem with having intelligent conversation in this forum is you have a lot of people who know little to nothing about economics and whats going on. While it will not be the end of the world for America, to think that it will be business as usual is to reveal ones ignorance as far as America's present economic situation.
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I agree that the US is in the midst of a bumpy ride. I merely disagree with the doomsayers and all of the hyperbole that is flying around.
Want to get on Larry King to pump your new book?
Don't predict $4.50 gas, predict $8 gas. Booga.
Claim people won't be able to feed thier children. Booga Booga!
Assert that gangs will ravage cities. Booga ^ 3
It's fearmongering and baseless guesses. (I won't even call them predictions because that requires some thought process.)
There was one highschool dropout in an oil thread here guessing oil would be 200 a barrel by mid-July and $400 by the end of the year. I reminded him of his "guess", he then claimed he never made it so I linked his quote and he never responded.
Scary sells, brash hyperbole gets you on TV and I am reminded of all the scary stuff from Y2K and stupid environmental scare flicks.
Certainly a prudent individual is being careful in this environment but if you have dug yourself a big economic hole it's hard to get out of in 3-6months...its more of a long haul thing.