People. People. People. Calm Down. I have been hearing these depressions coming, we're all gona starve, we'll all be slaves talk all my life. Read my lips-----NOT GONA HAPPEN! I for one have undieing faith in our president. He hasn't made a mistake yet. He's on the side of the American people. We average Joes have no idea what is really going on in the world. That's why we elect leaders. They take care of us. Have any of you starved ? Has anyone turned you away because you had money printed by the federal reserve? Come on folks, it's time we gave credit to our leaders for making America the paradise it is. There's not going to be any depression or reccession. You can scream and yell all you want to about the Bilderburgers and the CFR and conspiracy this and that, but so far they have done a wonderful job of maintaining this countries prosperity. I say we don't have enough government. When everyone has garraunteed health care, retirement, affordable housing, open door immagration and civil rights then we will just be getting to the point where government should have been for years.
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I think the guy is drinking too much wine at 175.00 a bottle. Is the market over due for a... [MORE]
Randy
Nov 12, 2007 17:44
yes you can have a roi of 175%-especially if large portions of your money is invested overseas!!!!!!!!!! [MORE]
ehiemere
Nov 12, 2007 23:16
Hello!! 175% isn't an interest rate, it's the yield on his hedge fund and you can bet your life that... [MORE]
jackiebaron
Nov 13, 2007 04:30
Having the foresight to see (at least 4 years ago) that the real estate market would go down in flames... [MORE]
Jack
Nov 12, 2007 15:36
The deflation of currency...
I don't understand how this is being interpreted as the end of the US economy. If our... [MORE]
mark
Nov 12, 2007 15:25
Not appropriate to publish Mr. Melchor's remarks as a future prognosis. Mr. Melchor, an admitted bear, would naturally wish to... [MORE]
Cyro
Nov 12, 2007 15:03
Back in the late 90s when the Asian markets had dropped dramatically over a short period of time and Mexico... [MORE]
Goodbye Natalie
Nov 12, 2007 14:48
too much debt, too many billionaires, too much taxation, too many attorneys, too much fat, too many people, too much... [MORE]
phil
Nov 12, 2007 14:39
That we are in unique times is a common (and always true) statement that always pops up as if the... [MORE]
joe stafura
Nov 12, 2007 14:38
I hope this guy is wrong. Then again, he apparently is smart enough to generate a 175% return on his... [MORE]
Mike Foti
Nov 12, 2007 14:37
WHile the dollar is weak by historical standards for sure, this is after it being unusually strong. It had to... [MORE]
Shaun
Nov 12, 2007 14:36
I have seen this coming for about 5 years , and the current real estate dilema is a product ,... [MORE]
Bob Graham Las Vegas
Nov 12, 2007 14:31
This "news report/editorial/whatever" seems to be more of an advertisement for Balstera Capital Partners than as a legit news item,... [MORE]
SilasSez
Nov 12, 2007 14:21
The Central Bankers who manipulate economies around the World for their benifit always win from these economic disasters. Of course... [MORE]
Aldo Watts
Nov 12, 2007 14:20
What the Bush Administration, Fed and Wall Street can't see is the American Economy, which purchases over 30% of all... [MORE]
G.
Nov 12, 2007 13:59
Is he kidding? Buy gold now? It's already $800 an ounce, and the highest I can remember is just short... [MORE]
Jay
Nov 12, 2007 13:51
Mark-o made the comment that the reason there is a need for foreign trained workers is based on too few... [MORE]
DKM
Nov 12, 2007 14:30
The US Dollar has been inflated by multiples so when you talk about the record highs from 1980, please refer... [MORE]
Peter Spina
Nov 12, 2007 15:19
If you include inflation, $800 gold in 1980 is equal to $2142 gold in 2006. So relative prices are still... [MORE]
Bill Bob
Nov 12, 2007 15:23
what we are witnesssing is a long range play ,which was written years ago.Even our politicians do not know they... [MORE]
B. Kuhl
Nov 12, 2007 15:51
Yep Gold. Look how it escalated during the depression era. More importantly look how it dramatically appreciated during the high... [MORE]
Willy
Nov 12, 2007 16:31
The U.S. is a business....and how you run a business reflects on your success. How you treat your customers (other... [MORE]
Doug
Nov 12, 2007 18:58
Ron Paul's idea of eliminating the Federal Reserve banking-cartel, and getting America back on a sound currency is our only... [MORE]
ron heringhauser
Nov 12, 2007 13:50
Fully agree that a bigtime recession is coming soon. Problem I have is that the GW Bush Administration has contributed... [MORE]
Mike Adams
Nov 12, 2007 13:48
The bad news is that recesion will (hopefully, temporarily only) lower the average living standards of working Americans.
The good news... [MORE]
A Reader
Nov 12, 2007 13:31
Is everything these days the worst ever. I don't know about anyone else but I've had the best 7 years... [MORE]
James McCue
Nov 12, 2007 13:30
Both major political parties continue to recommend and implement policies that guarantee our inevitible economic collapse. These include: 1.) Interventionist... [MORE]
Frank Kellam
Nov 12, 2007 13:23
They have been calling our economy a consumer driven economy for years. In truth they should be calling it a... [MORE]
Raymond Allen
Nov 12, 2007 13:19
If a currency is debased by the banking controllers, then why wouldn't prices rise on the goods companies sell and... [MORE]
Carl Schattke
Nov 12, 2007 13:17
Wow. Ballestra is a bear fund, meaning it makes more on a falling market because it uses short sale models... [MORE]
Chicagolawyer
Nov 12, 2007 13:16
If your expert had any lick of sense he would understand that during the 1930's we had a depression not... [MORE]
bob johnson
Nov 12, 2007 13:15
Spoken like a true Demacrat. Always wallowing in worst case senarios. Maybe Global warming will end humanity's time on earth... [MORE]
Massapequa Mike
Nov 12, 2007 13:06
People are spending money they do not have. In this lies the solution. When you do not have the income... [MORE]
Todd
Nov 12, 2007 12:53
If one talks long enough; some eventualities will occur in due course of information volume. Stick that lightening rod up... [MORE]
Jay
Nov 12, 2007 12:32
Jimmy Carter: Over 20% Prime Ineterest Rate, Over 10% Unemployment Rate, Over 10% Inflation rate. The economy is expanding right... [MORE]
MMW
Nov 12, 2007 12:22
...I have sent 860+ resumes since 14.June.07; I'm a graduate of high school, college, trade school & 'adult.continuing.edu' efforts... [MORE]
R.g. Frano, N.R.-E.M.T.-P, A.C.L.S.
Nov 12, 2007 12:22
Funny thing about this so-called talk, the people who always stand to benefit are the one's doing the talking. Our... [MORE]
Schratboy
Nov 12, 2007 12:20
While I agree that we are heading towards a 1981-82 type recession it wont be for a few more years...2010-2012.... [MORE]
Joey
Nov 12, 2007 12:58
I agree with the last comment. Rockerfella and his elitist friends are puppeteers, and we ae the puppets. I do... [MORE]
George
Nov 12, 2007 13:19
Talk like this is just more of the media attempt to push the economy into a recession. For years we... [MORE]
Jake B
Nov 12, 2007 13:47
so, some hedge fund worth 350 million says there will be a recession worse than the 30s. this is worthy... [MORE]
cousin brucie
Nov 12, 2007 17:21
"It's the campaign issue stupid" The democrats have to have something to run on, The war must going well because... [MORE]
Dave DeBord
Nov 12, 2007 17:40
Yep.. I watched 'The Money Masters' on Google Video and that was a real eyeopener. [MORE]
fhb
Nov 13, 2007 13:16
My three year old grandaughter appears to have more insight than Jake. Evidently Jake thinks a credit card is a... [MORE]
Dale
Jan 12, 2008 16:48
Even though most of the Wall Street crowd don't talk much about it, there are grudging admission that our out-of-control... [MORE]
Mike Brooks
Nov 12, 2007 12:20
Free trade isnt repsonible for our economic problem, that's ridiculous...it is easy money since 1998 that created the tech bubble... [MORE]
Joey
Nov 12, 2007 12:59
China rules us economically. Thanks to brilliant planners like Sam Walton and his schlock Wal Mart stores.
The mortgage thieves are... [MORE]
Brian Foster
Nov 12, 2007 13:01
Jim Melcher has been talking up the same story for years, and why, because he has the most to gain... [MORE]
Matt
Nov 12, 2007 13:01
Your right to a certain extent, but a bigger factor is this: We have been buying on credit in this... [MORE]
Doug
Nov 12, 2007 13:08
The banks and mortgage companies made horrible loans in mass for short term gains to boost stock prices. They deceived... [MORE]
Andy Marks
Nov 12, 2007 13:53
Anyone who has studied American or World History during the 1920's and 1930's knows that the Great Depression in the... [MORE]
ED Jones
Nov 12, 2007 13:57
The idea that Americans with a high level of technical skills are being "replaced" by cheap foreign workers is nonsense.... [MORE]
mark-o
Nov 12, 2007 14:16
The Robber Barrons old would be proud of the new Greedy Grabbers. When this propped up joke of an economy... [MORE]
Guiedo in FL
Nov 12, 2007 14:42
I recently hired a guy from India with a masters degree in engineering. The guy did not even know what... [MORE]
F Hughes
Nov 12, 2007 14:46
The USA is made in The Peoples Republic of China. Welcome to the 21st Century. [MORE]
Brent
Nov 12, 2007 14:47
The world market is what is going to save our economy, we are high tech, with plenty of good jobs... [MORE]
Tim
Nov 12, 2007 15:01
I am always amused at the people that talk about the decline of math / science skill and it is... [MORE]
UrDrWho
Nov 12, 2007 15:02
Just the typical talking points of the left, democrats and socialists (communists minus the firing squads). Like Mark said, restriction... [MORE]
John
Nov 12, 2007 15:05
Since science and engineering jobs can be outsourced to foreigners (language and culture being less of an issue), the salaries... [MORE]
Bill Bob
Nov 12, 2007 15:31
Mike your absolutely correct. Business practices today involve outsourcing key engineering positions to 3rd world countries. I've seen it done... [MORE]
tony
Nov 12, 2007 15:33
Taxes! That's the source of all our ILLS! Most former Soviet east-bloc countries have gone away from the "progressive" tax... [MORE]
The kid
Nov 12, 2007 15:39
if trade is done fairly. However, that can only be done between countries based on similar economic policies. The current... [MORE]
Dokidiver
Nov 12, 2007 15:45
Recession? Try Depression! (laughing) What the f*** is a prolonged or "long" recession.
AMERICA deserves this, and until it gets rid... [MORE]
Anthony
Nov 12, 2007 15:58
Mark-o hit the nail on the head when he put "Americans" in quotes. Who is an American? It's anyone drawn... [MORE]
Dovi
Nov 12, 2007 16:01
I'm for free trade and conservative. Any talk of recession is a precursor to big banking asking for a bailout... [MORE]
Gaffer
Nov 12, 2007 16:10
I am in management in a Fortune 100 company and what I say I could not never say at work... [MORE]
Outsourcing is bad
Nov 12, 2007 16:17
You sure its not Mel Brooks? Economics is a science best served cold. Our outsourcing of production in the current... [MORE]
RatFanner
Nov 12, 2007 16:46
Folks,its failure of leadership from the top for the passed several adminstrations and Corporations selling America down the tube. This... [MORE]
Nawang
Nov 12, 2007 16:53
Calls for restrictions on trade, when scratched hard enough, generally show nostalgia underneath. The more pathetic version asks us to... [MORE]
raul tsan
Nov 12, 2007 17:07
Being a mexican citizen and a political analyst, I would tell you all that things look pretty bad from where... [MORE]
Vicente Licona Galdi
Nov 12, 2007 19:07
I can go on for hours on this topic but here are the basic points of what I have to... [MORE]
Martin CPA In CT
Nov 12, 2007 19:13
In the unlikely event of Hughes scenario, the wealthy will simply hire Blackwater mercs to snuff plebeian mob leaders. Perhaps... [MORE]
Robert
Nov 13, 2007 01:51
A great idea, we need to change our voting ideas of the past and vote for someone who is willing... [MORE]
terry lawrence
Nov 13, 2007 01:55
I was formerly employed as an engineer at one of the big Silicon Valley corporations. The company purchased a Chinese... [MORE]
Jason dinAlt
Nov 13, 2007 03:09
Nawang what is a "sheap"? I do not think your advice is predicated on real knowledge. I love the guru's... [MORE]
Islandeagle
Nov 13, 2007 20:52
To the MATRIX. There sure is a lot of people in denial on these posts. Just remember...throughout history banks have... [MORE]
Snadmaster
Nov 13, 2007 21:21
This looks like the handiwork of Mike Nifong. Oh, I forgot he's in jail and disbarred. [MORE]
Kashdog
Nov 16, 2007 03:17
The fact is this ball has been rolling since the meeting that may or may not have transpired on Jekyll... [MORE]
Tom Liddle
Nov 16, 2007 21:46
True. We are sellin' ourselves out faster than you can say "FOR-SALE".Speaking of FOR-SALE, that's what our CONGRESS is. Here's... [MORE]
d.a.n
Nov 22, 2007 09:39
How can we be outsourcing all the jobs you write about , when we have a 4.7% unemployment rate and... [MORE]
william huber
Dec 17, 2007 16:42
Uh, the worst since the 1930s? You mean even worse than the '73-74 recession when we had wage and price... [MORE]
urt
Nov 12, 2007 12:05
Talk of Worst Recession Since the 1930s
And the bird flu and G.W. and on and on. When do we start... [MORE]
brian
Nov 12, 2007 12:02
I am old enough to have lived thru the depression of 1930 and was living on a small farm when... [MORE]
...when idiots like Dorfman report what even bigger, but self-serving and agenda-driven idiots like Mercher have to say. "Not a... [MORE]
Paul Stifflemire
Nov 12, 2007 09:44
We can only interpret Melcher's prediction and your reporting of it by knowing in advance both of your political identifications.... [MORE]
aciongoli
Nov 12, 2007 09:27
Barack Obama can fix this mess!!!!!!!!!!!! Obama in 08".
Otherwise, we in for the biggest mud-slide in history................
But folks are too... [MORE]
Obama in 08"
Nov 12, 2007 09:24
Thought it would be easy to throw one's lot in with Mr. Melcher, let's hope that he isn't quite right... [MORE]
Karl Lingenfelder
Nov 12, 2007 09:18
Man! Ya got to love it! Everybody out of work in the U.S.A as the money become worthless. Germany in... [MORE]
Dan White
Nov 12, 2007 09:17
typical democratic view of our economy, gloom and doom.......I for one am staying in the market..... [MORE]
bill clinton
Nov 12, 2007 09:17
You know, I'm tired of the folks being interviewed when it comes to our GDP Health they will be all... [MORE]
Christopher Gonzalez
Nov 12, 2007 09:15
The last party to occupy the White House during a depression was a Republican (Herbert Hoover). FDR with his "great"... [MORE]
twa
Nov 14, 2007 02:04
Seems your being a bit gracious with your praise there... I read the name Jim Melcher nothing strikes a spark...... [MORE]
yirmin snipe
Nov 12, 2007 08:58
Yeah right! This guy is completely wrong and ignoring several facts. China's economy is on fire, as well is Russia's.... [MORE]
Phillip Allen
Nov 12, 2007 08:54
How can you take your money out of stocks without incurring huge capital gains taxes? Some people might be locked... [MORE]
R.Bodner
Nov 12, 2007 08:49
The article is dead on and for a reason. The Federal Reserve, established in 1913 (which is as "Federal" as... [MORE]
JB
Nov 12, 2007 08:47
The issue is still TIME. A wide ranging asset management portfolio (with foreign stocks and funds) that includes about 70%... [MORE]
sanjosemike
Nov 12, 2007 08:45
1930s? Its far worse, the storm that it coming.. [MORE]
Bill
Nov 12, 2007 08:39
The Banks, The wall street bankers, The investment bankers world wide, The federal Reserve, Congress and the senate....The current and... [MORE]
Oliver Bateman
Nov 12, 2007 08:39
This "bear" should hybernate for a couple of years, or pick up his marbles, buy a island somewhere, and get... [MORE]
DON PULLEN
Nov 12, 2007 08:39
The man runs a hedgefund and thinks we're in for dive. And the sun came up this morning. [MORE]
sparsons
Nov 12, 2007 08:37
you should be embarassed for peddling this 'recession' trash . Here's a quote from your vaunted Mr melcher, dated 7/25/05,... [MORE]