Black People : ARE WE HEADED INTO ANOTHER RECESSION

Discussion in 'Black People Open Forum' started by $$RICH$$, Aug 20, 2011.

  1. $$RICH$$

    $$RICH$$ Lyon King Admin. STAFF

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    STUDY SAY WE ARE MOST LIKELY........

    Global Recession Increasingly A Risk, Say Economists

    Discouraging economic data from around the globe have heightened fears that another recession is on the way.
    Fresh evidence emerged Thursday that U.S. home sales and manufacturing are weakening. Signs also surfaced that European banks are increasingly burdened by the region's debt crisis and sputtering economy.
    The rising anxiety ignited a huge sell-off in stocks that led many investors to seek the safety of U.S. Treasurys.
    A survey by the Federal Reserve Bank of Philadelphia shows that manufacturing in the mid-Atlantic region contracted in August by the most in more than two years. The steep drop, on top of a smaller decline in a New York Fed survey this week, means U.S. manufacturing probably contracted in August, economists said.
    It would be the first decline since July 2009 – a worrisome sign because manufacturing has been a key source of U.S. growth in the two years since economists say the Great Recession ended.
    Morgan Stanley's calculation of a one-in-three risk of a new recession hinges, in part, on its expectation that Congress will let a Social Security tax cut, a business tax credit and extended unemployment benefits expire at year's end. It calculates that the expiration of those measures would reduce U.S. growth by 0.5 to 1 percentage point in 2012.
    Jitters over the economy and financial markets may also reduce auto sales. That would be a blow to an industry that reported strong profits and healthy hiring earlier this year. J.D. Power and Associates has cut its 2011 sales forecast last week by 2 percent and its 2012 forecast by 3 percent.
    Dow Jones industrial average has lost more than 14 percent since July 21. That includes Thursday's drop of more than 419 points.
    ECB said Thursday that one bank had borrowed $500 million a day for seven days through the ECB's dollar lending program.
     

    Are We Headed for Another Recession?
    As the stock market and consumer confidence plunge, analysts say there is a 1 in 3 chance we could relapse.
     
    http://www.huffingtonpost.com/2011/08/18/global-recession_n_930936.html?icid=maing-grid10|htmlws-main-bb|dl9|sec1_lnk2|87915

    Are we headed into a world recession and hardship if so how and what can we do to help secure ourselves ???

    Does this mean we need to now pull moreso together in effort for survival ???

    If we fall into recession can we bounce back or will it spell dooms day ahead ???
     
  2. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Sankofa,

    .......The buzz words are "double dip" recession, but we've not climbed out of it yet...we are still facing the greatest recession since the Great Depression: America is the Fall before Rome.

    Fasten your seat-belt brother and get ready for the ride, we may, we may not.

    Peace In,
     
  3. super

    super Well-Known Member MEMBER

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    If you are talking about the BC, the answer is no because the BC is too dependent on the status quo for its survival. There will be very limited funds & resources available from the governmental sectors and Black folks will not be a top priority versus others' communities.
     
  4. $$RICH$$

    $$RICH$$ Lyon King Admin. STAFF

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    It is my hope to get us ready for the out come, if we do i want us to have a working plan and a survival game set up.....for daily living

    Depression of such recession can bring america to it's knees
    but we as a people will be survivals just as our ancestors was
    we are built mentally but yet apart , seeking a togetherness solution
    to help get ready for it if it happen thankz brother Clyde
     
  5. $$RICH$$

    $$RICH$$ Lyon King Admin. STAFF

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    This why we as a black community is in a great need to join hands
    minds and ideas for a plan that will push us collectively to survive it
    because that's true we will be the last on the list to get any type of help !
    Thankz brother Super

    what could be our best solution if it happens ???
     
  6. Ankhur

    Ankhur Well-Known Member MEMBER

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    All due respect brother, ole Ankhur knhucka been hollering about this for the past 3 years like Noah,
    and in several post, under Ankhur and Putney Swope.

    In the spirit of Harriett Tubman, and Sojourner Truth,
    we as a people should have preapred a safety net for not just ouselves but for our progeny, when the Fascists took over the nation and riged the election in 2000.

    We should have had a community law like the government has a law about purchasing fire insurance at the purchase of a home and auto insurance at the purchase of a car,
    and not a literal insurance policy, but our own coimmunity based safety net.
     
  7. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    the united states is going into a full scale depression. prepare now as best you know how.
     
  8. $$RICH$$

    $$RICH$$ Lyon King Admin. STAFF

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    Brother Ankhur i agree and we have yet to look into what could happen
    but if we don't take a survey now and start forming a plan/net
    that will give us self security and become more community bound as
    a people we will be the ones doom
    another recession would break us down mentally/ physically and emotionally
    we really need to start planning with a working solution thankz brother ....now is the time!
     
  9. super

    super Well-Known Member MEMBER

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    $$RICH$$, it is a difficult question because it will depends on the individual or families involved. I would love to see Black families making preparations by pooling their resources together to make ends meet before difficult times. I saw this during the Jim Crow era and this is how Blacks survived. Black neighbors sharing, borrowing and bartering their goods & services. If Blacks wait till a Depression hits, then many of those who have little or no resources will have to rely on other Blacks or the government sectors. I just don't see the unity, trust, love & respect I saw in the late 50's & early 60's. I see anger, mistrust, disrespect and pain with too many Blacks, which will work against today's Black. Blacks in the Jim Crow era knew how to survive but they didn't have a choice and were on the same page. Today's Blacks just don't have those same instincts of their parents or grandparents. To compensate for the deficiencies, today's Blacks must plan ahead. During disastrous time in the Jim Crow era, Blacks often shared their homes & resources to unfortunate Blacks. But times have changed and today's Blacks that you invite in your home could spell danger ... gangbangers, drug addicts, murderers and etc. IMHO opinion the answer is preparation before the storm for cohesive Black families & individuals. I am expect rioting, mayhem & civil disobedience from the public at large in order to survive. My best answer for you is preparation between Black families & individuals before the storm. Afterwards, it will be the survival of the fittest {Darwinism}.
     
  10. $$RICH$$

    $$RICH$$ Lyon King Admin. STAFF

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    You are right brother James it's my hope we get prepared collectively and join some kind of plan for survival
    this would be one of our greatest feats to rise behind another recession.

    We need a list of what can help us survive big brother James Thankz
     
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