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How Long Will Recession Last?

 
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dsohigian

posts: 2

Mar 13, 2009 10:34 AM ET    Quote  Report Abuse
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@MattThomas - Thanks, I have a lot of fun creating that material.

@CraigL - You do a great job of explaining why the generational crisis goes WAY beyond partisan politics or small regional events. The nature of the crisis is a culmination of the previous 80-100 years of ideological debates and is much more than just Dem vs. Repubs or one nation against another. As you so rightly point out, the climax of the crisis is the reconciliation of all those years of debate and disagreement. I also like your analysis of the nature of capitalism back in the 1800`s and early 1900`s. How quickly we forget.


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Dave Sohigian
http://www.thegenxfiles.com
Understanding how generations affect our future
MattThomas

posts: 203

Mar 13, 2009 3:50 PM ET    Quote  Report Abuse
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@Craig--Interesting perspective on DOW fluctuation justification. There is a TON of information that is released in the span of a day when you take into account how many publicly traded companies there are. Therefore, trying to justify market gyrations on one piece of information is just ludicrous. Perhaps one piece of information serves as an undertone, but it is unfair to pair that one piece of information as a justification for market moves.

Regarding your previous argument, just so I can clarify what you are saying, so the recession isn`t this conflict of philosophies coming to a head, it is just yet another symptom of this conflict, correct? Perhaps maybe one of the ending symptoms to this conflict?

The one argument I`m a little stuck on is: "The past 80 years has been an attempt to finally structure a sort of modified socialism, vaguely like Europe (e.g., Sweden, Norway)."

Wouldn`t it really be the other way around? It has been an attempt at modified capitalism, through injecting bits of socialism? We are, after all a mainly capitalist nation with socialist programs.



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Motivation for Entrepreneurs
Entre-Propel.com
CraigL

posts: 9051

Mar 13, 2009 4:15 PM ET    Quote  Report Abuse
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Thanks for the compliment, and I`m glad the short version of the explanation is understandable.

It`s funny; I was listening to Dennis Prager last night, who almost never watches TV. He was on the road, and happened to catch Jay Leno`s updated version of Jay Walking. That`s where people are asked questions from a 2nd-8th grade knowledge level.

In whatever way, representative or not of a large segment of the population, it shows the ignorance coming from our school systems.

At the same time, modern mathematics and engineering are delving always deeper into the principles of complex systems and chaos theory. Michael Crichton, before he died, wrote a brilliant essay on the problems of a "mechanical" (mechanistic) view of life versus complexity theory.

What we see is an increasing number of people trying to come up with a simple answer to "why" everything is happening. They want a single solution, happiness-in-a-pill, instant gratification answer.

You hear where the DOW closes at the end of the day, and journalists tell us why. They have a single answer that "the entire market" apparently heard 1 piece of information, and that affected the entire financial system around the world. It`s insane.
irene01

posts: 66

Mar 24, 2009 9:55 PM ET    Quote  Report Abuse
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Recession!!! well I am not that sure, but i have heard that it wont last it 2012!!!!
________________________
Budget planning software


irene013/24/2009 11:53 PM
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