Things That "Can't" Happen

[Joanne98]

Minyan Nimesh Writes:


For almost thirty years, count them, for almost thirty years people like you have predicted that our economy will collapse and the end of the consumer. Throughout all of those years, it didn't happen. No matter how many logical arguments the "gloom and doom" crowd has made, it hasn't happened.
Nimesh, I have only been on the deflation bandwagon for a few years, not thirty. However, you are correct about one thing: Some notable people have indeed been calling for a collapse for nearly thirty years. However, that does mean an economic collapse can’t happen, now does it?

Chronology Of Things That Can't Happen

One of the reasons the Fed was created was to manage the economy and prevent further depressions. Guess What? The biggest deflation in history, the great depression, happened 17 years later.
At one time economists thought that inflation and recession could not happen at the same time. It happened anyway. A new term was coined for it “Stagflation”.
Deflation supposedly couldn't happen in a fiat regime. Japan proved otherwise.
If you asked anyone in Japan if housing prices could fall for 18 straight years, they would have said "It can't happen". It did happen.

For 30 years people have said US housing prices would never again decline on a national scale. They were wrong. It happened.
It is the very nature of the market that it takes the convincing of nearly everyone to believe that something cannot happen,

http://globaleconomicanalysis.blogspot.com/2007/12/things-that-cant-happen.html