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Reply #8: Define doomed [View All]

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GoesTo11 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 07:45 PM
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8. Define doomed
Does the economy being doomed mean the US goes bankrupt? Does it mean a drop in GDP of x% - 40% or some such large number? Does it mean a drop in the stock market of over 90%? What does collapse mean?

Of course shit is hitting the fan, but how bad do you think it will be? Quantify so I'll get what you mean.

I think real GDP is unlikely to drop by more than 25%. The stock markets are unlikely to drop more than another 50%, and the US is unlikely to go bankrupt in the next 5 years.
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