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Talk of Worst Recession Since the 1930s
in response to reader comment: Don't worry

Submitted by Recovering Republican, Jan 23, 2008 12:06

Yeah, more Governmnet will work - when the Government we have is blundered.

I'm worried, which is why I vote and make educated decisions based on fact. Open your eyes people . . .


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Other reader comments on this article

Comment By Date

bad news for us. [MORE]

bad 

Mar 11, 2008 17:30

Lack of fiscal discipline and ignorance by the President and Congress has led to huge deficits and the weakening of... [MORE]

Boomer 

Mar 7, 2008 12:17

So there will be 2 recessions under Bush. Overspending, lying about weapons to tie us up in Iraq while Osama... [MORE]

ATG 

Feb 21, 2008 03:07

I believe that you are confused about the jobs going overseas, that was Bill Clinton. George Bush sent the jobs... [MORE]

Blueoxe 

Feb 24, 2008 15:07

The fact is, the job selling started with Clinton, not with Bush. There are so many messes that Bush has... [MORE]

sockergrl80 

Feb 25, 2008 16:03

It takes more than the president to pass and make laws. None in congress seem to do anything about the... [MORE]

JW 

Feb 28, 2008 14:19

Poor beacuse of Bush [MORE]

V Malhotra 

Mar 5, 2008 13:28

if people cant see what is going on around them then you are in big trouble look at the price... [MORE]

brenda 

Mar 12, 2008 12:16

This country is broke. If not , why are we borrowing money from China to give rebates to (everyone)? What... [MORE]

tank 

Feb 11, 2008 11:05

1st--there are bread lines, and there have been for many years--they are just in areas that you wouldn't condescend to... [MORE]

james 

Feb 5, 2008 14:54

Time to dust off the 30's depression era movies and see how people survived in that day. I guess I'll... [MORE]

Darkness on the Horizon 

Jan 24, 2008 01:33

I keep hearing the word over and over again but where is it.What recession .The 1930s was a recession .What... [MORE]

RodneyC 

Jan 30, 2008 06:41

People are moving from 300,000$ houses they can no longer afford and into tents and trailers.Manufacturing jobs ,or the remnants... [MORE]

David 

Feb 8, 2008 19:47

What do you mean a recession is coming? It's already been in Michigan for four years! [MORE]

Bamboozler 

Jan 17, 2008 12:08

Good point! We run a business in Michigan and people practically beg us for a job. Yet, time and time... [MORE]

Kim 

Jan 30, 2008 05:17

I have been watching the stock market fall everyday and Gold Increase almost $300 oz since august of 2007. The... [MORE]

Nailer 

Jan 15, 2008 09:17

Go see the documentary at www.zeitgeistthemovie.com [MORE]

Sandra 

Jan 22, 2008 23:27

Is dead on, 100 % correct. This country is in deep troube, because we are no longer a manufacturing giant,... [MORE]

The harsh reality is that the forces allied against us both foreign and domestic are formi 

Dec 12, 2007 20:15

My family was in the machining business for four generations and I noticed after 1980 it was downhill. Everything we... [MORE]

Rocco 

Dec 20, 2007 22:52

I noticed it closer to 1985 or 1986. I was working horrendous hours during that time, trying to do 3... [MORE]

Bruce de la Vega 

Jan 2, 2008 11:30

We didn't have business and academic executives whining about supposed talent or labor shortages. Even before Pearl, we hired farm-hands... [MORE]

Bruce de la Vega 

Jan 2, 2008 11:43

Politicians want to give us rebates. .These rebates(gifts?) are to buy our votes.We would have more money to spend if... [MORE]

Jack L.Kinch (1uncle) 

Jan 25, 2008 19:21

IF we are ever to be free let us free ourselves of the Burdens of Oil. With any luck this... [MORE]

Nicolai 

Dec 10, 2007 22:45

if the rets of your existene is so morbid and negative wow!!!!!!!! and i really am referring to an... [MORE]

howard lamel 

Dec 7, 2007 07:51

running out beens to squeeze and repackage and running out of countries to send jobs to, the MBA (Move the... [MORE]

Alex Morfesis 

Nov 16, 2007 00:47

PRE-shocks vs AFTER-shocks. As the boomers start retiring and selling their 401Ks, the supply will far outweigh the demand. 80... [MORE]

PJM 

Nov 14, 2007 09:48

These always seem to accompany correction bottoms! Within 36 hours of this coming out, the market is now UP over... [MORE]

Jim Turner 

Nov 14, 2007 09:38

I appreciate your optimism. Just be careful, there's a lot of downside potential out there. With the Fed and Treasury... [MORE]

Alan Walters 

Dec 2, 2007 06:49

Thats what is wrong with this country, People care more about their party then they do about their country. Your oath... [MORE]

John 

Nov 13, 2007 19:44

Yes, we in America, and around the World, are headed for the complete collapse of the economy. Of course, it... [MORE]

Steve Noe 

Nov 13, 2007 16:44

If this fellow has made 30% a year for 9 years he started with about $30 million dollars. He may... [MORE]

jfm 

Nov 13, 2007 16:41

It is important that every American understand that this next Presidential election will be the most pivotal in our countries... [MORE]

Richard Clark 

Nov 13, 2007 14:27

Some software is in the form of products. Unfortunately, it's a tiny and shrinking portion of the whole; most, indeed,... [MORE]

Bruce de la Vega 

Jan 2, 2008 11:14

There WAS a recession in 1937-38 that was part of the depression. [MORE]

wijg 

Nov 13, 2007 10:46

What people fail to realize is that the elites manipulate the economy for their benefit. The Great Depression was created... [MORE]

conspiracy 

Nov 13, 2007 09:26

People. People. People. Calm Down. I have been hearing these depressions coming, we're all gona starve, we'll all be slaves... [MORE]

Ima Bilderburger 

Jan 2, 2008 19:27

Yeah, more Governmnet will work - when the Government we have is blundered. I'm worried, which is why I vote and...

Recovering Republican 

Jan 23, 2008 12:06

The Illuminate- Trilateral Commission-Bilberg Group-all meet in Bohimian Grove,CA. end of July for two wks. This is your Power and... [MORE]

Genghis 

Jan 26, 2008 23:25

USA Inc is borrowing $2 billionUSD plus a day, is running a current account deficit and the share price is... [MORE]

Thomas 

Nov 13, 2007 08:22

Sure If you work at Wall-mart [MORE]

Pierre 

Nov 13, 2007 07:14

Although the housing market will be in recession for sometime. The rest of the economy is doing fairly well. There... [MORE]

William West 

Nov 13, 2007 05:49

Sell everything, and trade your U.S money in for gold. [MORE]

Richard Givis 

Jan 22, 2008 13:30

Contrary to all the pundits no recession is forecast in 2008. Recession is definited as two consecutive quarters of... [MORE]

William West 

Jan 27, 2008 02:36

To poster #1: Depressions are recessions. Recession is the CORRECT term for a finance professional to use. "Depression" is a subjective... [MORE]

Buyman 

Nov 13, 2007 01:19

Yes, Buyman, "depression" is a subjective term, as is "recession". The recognized "authority", NBER, still waffles quite a bit even... [MORE]

Bruce de la Vega 

Jan 2, 2008 10:58

Markets rarely correct to fair value. They ususally over correct to deeply undervalued levels. The stock market has been propped... [MORE]

Dave 

Nov 13, 2007 00:29

Last year and earlier this year I warned of a severe recession , if not a depression, and took appropriate... [MORE]

Allen L Roland 

Nov 12, 2007 22:44

As long as I can watch the setting sun and still buy a bottle of whiskey, then temporary market downturns... [MORE]

bob dylan 

Nov 12, 2007 22:40

Mission accomplished as far as the Bush regime. They came in as gangsters and are successfully leaving like bandits. [MORE]

Lilly 

Nov 12, 2007 21:38

Big business and the Politicians who are backed by them are to blame. By outsourcing across the various sectors, we have... [MORE]

Concerned Citizen 

Nov 12, 2007 21:36

Does it matter what state the economy, value of the dollar, or housing market is in or political party is... [MORE]

James 

Nov 12, 2007 20:20

Amen, James The new God is money. Our politicians are owned by the lobbyists who are owned by big buiness and... [MORE]

Tom Massey 

Jan 21, 2008 15:49

Now that was a scary post! If I believed you (and it is hard not to), I'd sell my house... [MORE]

Kim 

Jan 30, 2008 05:23

I was taught in college that over production and under consumption along with buying shares on margins were the culprits... [MORE]

William Watson 

Nov 12, 2007 20:04

Coming from the other side of the economic scale, news like this hits home. You all wax philosophical with 'it'll... [MORE]

Alicyn 

Nov 12, 2007 19:47

He's not in business to spread optimism. And sadly though he's right. I see the urban sprawl here in San... [MORE]

g moss 

Nov 12, 2007 19:10

Which of the following headlines will grab an investor's attention: a) Stock market is following it's normal cycle and due for... [MORE]

JM 

Nov 12, 2007 19:02

"I've never seen a market with more risk and what's significant is that risk is not yet priced in" Sounds scary... [MORE]

jdwren 

Nov 12, 2007 18:46

Some people are talking us into a recession,a few months ago it was great. Wrong time to buy stocks,thanks! Panic selling! Stupid... [MORE]

pisces 

Nov 12, 2007 18:40

Rising prices, in and of itself, is INFLATION. A recession can occur with rising or falling prices. The term "depression"... [MORE]

MIke 

Nov 12, 2007 18:40

"Noting that consumption is already slowing, Mr. Melcher figures sharply rising unemployment is inevitable. Another of his worries is that... [MORE]

ISLV 

Nov 12, 2007 18:39

Never fear, Hillary is here. She will fix all of our problems. Just vote for Hillary. NOT [MORE]

Kramer 

Nov 12, 2007 18:29

forgot that I did that last month, taking a tidy 19.7% return for 2007. Always be ready to take some... [MORE]

Paul 

Nov 12, 2007 18:18

The sky is falling, the sky is falling. It might be, but economists and investment experts are wrong about half... [MORE]

Reynard 

Nov 12, 2007 18:09

I just got around to reading Brendon's book ("Dark Valley", published 2000) last month. Although on one level I knew... [MORE]

DMC 

Nov 12, 2007 18:07

Panic, even those artificially induced by the Wall Street Wizards and media pundits is great for business. One, it allows... [MORE]

Steve 

Nov 12, 2007 18:03

Melcher's comments are self serving. He admits that when he said "what is not good for the country, but good... [MORE]

Jon Smith 

Nov 12, 2007 18:02

I like Dan's work, but no where does he point out that it was a depression in the 30's (the... [MORE]

David Rohret 

Nov 12, 2007 17:28

People under 40 have never experienced a decent recession. We need one every now and then to shake things up... [MORE]

Chuckiechan 

Nov 12, 2007 18:24

why anyone is surprised that the U.S. bubble economy is on the verge of a major correction is beyond me.... [MORE]

The Truth 

Nov 12, 2007 17:26

If you look at the economy, you can see that there is no where else for the market to go... [MORE]

TV 

Nov 12, 2007 17:22

the stock market may drop but not fail. our gov. cannot let this happen. the house and senat passed a... [MORE]

richard clark 

Dec 16, 2007 21:04

The middle class in America have been the primary buyers and borrowers of money in the world for at least... [MORE]

Neal A E 

Nov 12, 2007 17:22

with...gold rising...inflation rising...oil prices rising...the dollar falling...the stock market falling...2 ongoing wars...Iran getting nuclear weapons...forclosures way up....home sales way down...home... [MORE]

les 

Nov 12, 2007 16:51

It doesn't take a genius to see that America is heading for a major recession. We are 9 trillion dollars... [MORE]

Earl Harris 

Nov 12, 2007 17:24

In 1972, I was just getting into the real estate business in Florida.....one afternoon, I looked for encougagement from an... [MORE]

charles banks 

Nov 12, 2007 17:25

Every recession was the beginning of another boom...It's called re-growth. We would have had a depression if not for Google,... [MORE]

george 

Nov 12, 2007 21:11

I believe this story. Weeks ago, I contacted family and friends and told them to tighten their financial belts. How... [MORE]

GG 

Nov 12, 2007 16:48

Whenever the economy takes a bump of some sort, there is always the alarmnists who for various reasons, tout the... [MORE]

Vince Hugh 

Nov 12, 2007 16:38

I was very glad to see your comments after several 'gloom and doom we're all gonna die' ones. When unemployment... [MORE]

Elise 

Nov 12, 2007 18:07

Yeah sure, everyone is working -- at greatly reduced wages in jobs they are overqualified for because all of the... [MORE]

ExPat 

Nov 12, 2007 18:12

Wow! Talk about living in denial. please do some research and study economics and history. [MORE]

Professor X 

Nov 12, 2007 18:53

WHAT R U HIGH! YEAH I am WORKING TOO, TOO DAMN MUCH - JUST TO GET BY. 1 FULL TIME, 1 PART... [MORE]

pitbull 

Nov 12, 2007 19:23

Yeah thats fine and dandy Mr. Hugh, but only people making $300,000 or better were the be benefiting from President... [MORE]

Enyiazu Ehiemere 

Nov 12, 2007 23:13

sure, there are alarmists at every bump -- but far more polyanna optimists. The housing market _is_ in bad shape and... [MORE]

rc 

Nov 12, 2007 23:29

Yea everyones working alright... in low pay jobs without vacation pay, health benefits, etc. That's not exactly a good thing.... [MORE]

WillieG 

Nov 13, 2007 04:09

Hey Vince, Your master's degree in wishful thinking doesn't paint over the reality of the situation. This guy may be a... [MORE]

jackiebaron 

Nov 13, 2007 04:24

Vince Hugh you are blinded big time [MORE]

JA 

Nov 13, 2007 12:49

Gerald Celente sees a similar picture to this fellow but he also sees a collapse and a panic followed by... [MORE]

Dylan Skriloff 

Nov 25, 2007 14:45

Pitbull, so you're not making as much money as you would like. Neither am I. But what does that have... [MORE]

Vince Hugh 

Dec 1, 2007 15:01

The markets are going to tank. Major firms are only delaying the event until they can sell their stakes. Just... [MORE]

JG 

Nov 12, 2007 16:29

I've been following Dan since the late 70's.... he has always been correct in predicting major moves. [MORE]

Mike 

Nov 12, 2007 16:17

WE bleed money for foreign oil, all going to oligarchs that hate us. We bleed money on oil wars so... [MORE]

Shredder 

Nov 12, 2007 16:01

Sounds to me like the socialist are doing their best to scare everyone. Their idea is that then the democrats... [MORE]

Thomas 

Nov 12, 2007 16:01

These people make all their money off knee-jerk selloffs. Of course he is going to tell investors to dump their... [MORE]

Chris 

Nov 12, 2007 15:56

We have practically outsourced every single piece of our knowledge base to India, China, and a dozen other countries. When... [MORE]

John 

Nov 12, 2007 15:52

What is left out of the equation in the analysis of The Great Depression was the effect of capital flight.... [MORE]

George French 

Nov 12, 2007 15:52

IF all of you posters are so sure of your knowing what will be the future, why are you sharing... [MORE]

Pier Johsnon 

Nov 13, 2007 02:45

It is agreed among the freed that the powers that beed have no need to feed on their own carnage.... [MORE]

ALEX S. GABOR 

Nov 12, 2007 15:48

More and more technical, high paying jobs are going over sea's. This is crazy and we need to shutdown a... [MORE]

CW 

Nov 12, 2007 15:48

This article is top news on the Hal Turner Show. I hope the Federal Government collapses. [MORE]

Mike 

Nov 12, 2007 15:44

This guy is definitely a bear. [MORE]

Mike Foti 

Nov 12, 2007 15:37

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]

Raymond A. Kemper 

Nov 12, 2007 12:01

read this [MORE]

lucien coronel 

Nov 12, 2007 11:56

I don't see how these other currencies would be able to weather the maelstrom of the American financial meltdown. Their... [MORE]

warren 

Nov 12, 2007 11:54

"The sky is falling" always the naysayers. They said the same thing in the Savings & Loan Crisis; global warming... [MORE]

Clifford Michael 

Nov 12, 2007 11:53

True. It is cyclical. However, someone, somewhere, sometime has to be in the downturn of the cycle. You can't ignore... [MORE]

tf 

Nov 12, 2007 17:01

Greed does, in fact, drive the banking and real estate markets. The worst is, however, the clear proof in the... [MORE]

Tom Ritchie 

Nov 12, 2007 20:12

the financials r manipulating this mkt 10 bil. write dwns every week for last 7 months they all know residential... [MORE]

jeff 

Nov 20, 2007 08:47

this recession has been forestalled for 20 years. the economic growth which has happend since the '90s has been fueled... [MORE]

phil 

Nov 12, 2007 11:45

Do you advise that I get a breeding pair of goats as a hedge agianst this terrible future? [MORE]

Bob Burns 

Nov 12, 2007 11:36

The World is moving into the next great Depression and the American Democrats can't wait to REALLY BE IN POWER... [MORE]

john smith 

Nov 12, 2007 11:28

You know I am sick of this type of crap. We are such a great hardworking nation. Yet the powers... [MORE]

Sick and Tired 

Nov 12, 2007 11:15

No problem, just put everything on the credit card like shrub and the government does. Let's make future generations pay... [MORE]

R.J. 

Nov 12, 2007 11:14

pardon me, but wouldn't a recession cause the demand for gold to plummet? Recessions cause deflation. Econ 101. [MORE]

Tim 

Nov 12, 2007 11:06

run run. The sky is falling. [MORE]

john micklos 

Nov 12, 2007 11:05

In reading your aritcle I was reminded of a seminar my brokerage office attended in the min 90's. The name... [MORE]

wcampbell 

Nov 12, 2007 11:00

The Banks created this mess just like the Savings and Loans did in the 80's. They just got greedy. The... [MORE]

Jeff in Miami Beach 

Nov 12, 2007 18:10

American economy is interlocked with the world economy--it will not go down substantially. There will be much integration and homogenization... [MORE]

j bell 

Nov 12, 2007 19:54

My entire portfolio is just like this guy's. I don't have investments in the Swiss Franc or the Yen, but... [MORE]

Dale H 

Nov 13, 2007 00:48

I sure love my U.S. rare gold coins. [MORE]

Tommy John 

Nov 12, 2007 10:56

Hedge funds make money when the market goes down and this guy is telling you to "run for the hills"... [MORE]

Scot 

Nov 12, 2007 10:54

The sky is falling! And the world is cooking! Another Chicken Little, Al Gore, gloom and doomer. Sounds like the next... [MORE]

Rae Lynch 

Nov 12, 2007 10:52

In my essay, "Open Letter to Walter Williams," I posit that America's financial decline is being engineered for a certain... [MORE]

Deacon Elurby 

Nov 12, 2007 10:51

I think we could easily see at least a 30% decline. Too many insiders feeling we could see a 6000+... [MORE]

Erik 

Nov 12, 2007 10:31

bad news sells,that is what dorfman is selling! nothing more! home loan companies sold mortgages to people earning 1500/month,and were... [MORE]

mike e. coon 

Nov 12, 2007 10:28

THE ABSOLUTELY BEST ARTICLE YET ON WHAT IS COMING DOWN THE ROAD...........houses doubled and are going to rebound 50% less... [MORE]

catherine 

Nov 12, 2007 10:24

Now is the time to put your funds in conservative funding thru the 401k Krissy.. [MORE]

Krissy 

Nov 12, 2007 10:22

Sir it has been a long time since I have seen a comment from you. What you state herein, for any... [MORE]

Hank Swain 

Nov 12, 2007 10:18

Speaker of the house and Reid have just introduced a bill on Friday to eliminate our tax and other incentives... [MORE]

M Baker 

Nov 12, 2007 10:08

So, you use one source to tell you the market is collapsing. What is the point of playing Chicken Little?... [MORE]

William Bowles 

Nov 12, 2007 10:01

Every time I read an article about doom and gloom, it is written by a hedge fund manager.........go figure! You... [MORE]

STEVE COCHRANE 

Nov 12, 2007 09:55

I will be the worst recession since 1930's if the demo raise taxes. [MORE]

neal 

Nov 12, 2007 09:50

Mr. Dorfman appears to be one of the few who realize what a dire economic situation we are in. When... [MORE]

Marcie Williams 

Nov 12, 2007 09:49

I believe that the so called "Recession" from the 1930s was called The Great Depression. [MORE]

GAC 

Nov 12, 2007 09:46

Lions and Tigers and Bears! [MORE]

Lorin Friesen 

Nov 12, 2007 09:45

...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 M