Posted on 06/30/2009 10:37:16 AM PDT by fiscon1
A few weeks back, I wrote this piece analyzing the different forms of an economic recovery: indicated by the letters l, u, v, and w. In it, I predicted that we would form a W shaped recovery. In a W shaped recovery there are one or more false rallies only to find the economy back in a recession.
I believe that we will see this W shaped recession. It's why I am still bearish. Whatever short term signs we see of a recovery, they are, in my opinion, overwhelmed by the long term problems caused by the action in response to the recovery. In other words, I believe the medicine will wind up worse than the ailment.
(Excerpt) Read more at theeprovocateur.blogspot.com ...
I think the economy “wants” to recover as part of a business cycle while the Baraqqis are doing everything wrong which is killing it.
Approval of Cap N Tax and Obamacare should seal the doom.
The long term structural economic problems that Obama/Pelosi are creating with their insane policies is setting up a Carteresque Malaise II: Economic Bamboozalo. The “recovery” is not going to happen for a long time.
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