Great Depression of 2016

[rufus]

Now I read this morning that Halliburton will lay off a thousand employees. BP will spend a billion to restructure and lay off people. Enbridge is also laying off about a hundred people.

Worse, Enterprise is canceling the pipeline that would have brought oil from the Bakken in North Dakota down to Cushing, Oklahoma.

Perhaps this is all a little too early to make these kinds of decisions. The middle east is a very unsettled area now, and things could change in twinkling of an eye or the flash of a nuclear weapon.

 

[hemet dennis]

Now I read this morning that Halliburton will lay off a thousand employees. BP will spend a billion to restructure and lay off people. Enbridge is also laying off about a hundred people.

Worse, Enterprise is canceling the pipeline that would have brought oil from the Bakken in North Dakota down to Cushing, Oklahoma.

Perhaps this is all a little too early to make these kinds of decisions. The middle east is a very unsettled area now, and things could change in twinkling of an eye or the flash of a nuclear weapon.

So then you would make business decisions not on what is happening, but on what could happen ?

 

[rufus]

Yes, but that is just my opinion. It is impossible to unring a bell.

 

[WooingWyandotte]

What happens if this thread reaches 2016 and we're not in a depression?

 

[rufus]

Its a miracle!

 

[WooingWyandotte]

Or maybe the depression is holding back till 2017.

 

[oldrooster]

Or maybe the depression is holding back till 2017.

Since we are now opening trade with Cuba, that may easily be a go on 2017

 

[hemet dennis]

AS I've said before, there will be no depression !

 

[WooingWyandotte]

Just out of curiosity, what is your definition or the definition of a depression?

 

[hemet dennis]

An economic depression is a severe downturn that lasts several years.