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alstry (35.36)

DEPRESSION OFFICIALLY HERE!!!!!

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February 15, 2009 – Comments (6)

From the WSJ: 

Japan's gross domestic product fell an annualized 12.7% in the October-December quarter.

The generally accepted definition of Depression is a 10% fall in GDP.  Japan has formally entered into a Depression.  I expect America and most of the rest of the world to be in a similar position by summer.

Now MarketWatch is telling readers to prepare for Deflation.....

http://www.marketwatch.com/newscommentary/specialreports/deflation

The deflation nation train will be stopping soon at your station.

And just think....some Fools are still blogging inflation..........

6 Comments – Post Your Own

#1) On February 15, 2009 at 7:49 PM, Option1307 (29.71) wrote:

On a similar note, check out these scary numbers Mish has up on his blog regarding Asian countries. I don't understand how so many people can be claiming we are at "the bottom".

Furthermore, with the likely coming of protectionist measures worldwide, we have not seen the end of this mess. It will only get worse, or be prolonged at the very least, if we actually begin to enact these policies. Have we learned nothing from our past?

Asian countries in freefall...

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#2) On February 15, 2009 at 7:50 PM, jesusfreakinco (28.82) wrote:

Al,

You're right.  It looks like it is time to short gold and gold mining shares.  How's that IAG red thumb working out?  It is one of my best performers in the past few weeks.  Keep on keeping on and we'll see where scores are in a few months.

Those that have significant green thumbs will kick your butt in the coming months.  Even Sinchy is likely to pass you...

JFC

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#3) On February 15, 2009 at 7:54 PM, IIcx (< 20) wrote:

I loved Filene's before they tore it down. Filene's was the best of the best at bargain basement prices.

The issues you propose are not accurate but are certainly inflated by hot on-air.

Deflation is lack of demand and there is no case for it. The problem is inflated value by people who price things over their actual value.

The price is being redefined by its own greed -- the consumer is simply waiting for value to come back to normal levels.

This all makes sense – inflated egos are whining like pigs headed to slaughter and looking for a handout they aren't likely to get.

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#4) On February 15, 2009 at 8:34 PM, jesusfreakinco (28.82) wrote:

Will the real Alstry please stand up?

JFC

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#5) On February 16, 2009 at 1:34 PM, abulia (23.46) wrote:

A 3.3% drop in one quarter isn't a depression...

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#6) On February 16, 2009 at 2:43 PM, snakeyd (< 20) wrote:

Agree, 3.3% drop isn't a depression.

2 more quarters like this and you are in the ballpark.  Definite possibility.

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