Skip to comments.The Coming Economic Collapse
Posted on 07/24/2012 9:07:25 PM PDT by Kartographer
The U.S. economy is teetering on the brink of another recession. The bad news is that if it goes down again, there wont be much we can do to save ourselves. Like a weary heavyweight, if the economy hits the mat again, its down for good.
The expansion has been terribly disappointing-growth is hardly 2 percent and jobs creation barely keeps unemployment steady at 8.2.
Manufacturing and exports powered the recovery but are now weakening. Consumer spending and existing home sales are flagging, because policymakers failed to aid underwater homeowners as generously as the banks.
President Obama is doubling down on slow growth policies-new restrictions on offshore oil and CO2 emissions, and pushing forward with financial regulations that havent stopped Wall Street banks from trading recklessly and rigging markets as indicated by the Libor scandal.
(Excerpt) Read more at commoditiesforexnews.com ...
Anybody who makes a statement like that has little credibility as an economist. Policymakers shouldn't have bailed anyone out. They shouldn't have created the housing bubble in the first place.
When “Conservatives” say such things, it appears that we might win this battle, but will lose the war.
As bad as things are now, we could be worse off. American resiliency is keeping this country from fully sinking despite 0bama’s being hell bent to destroy us.
American resiliency will also kick 0bama ass out of the White House come November.
That’s what popped out at me too. What an asinine idea it is to bail out an industry or a group of individuals.
This is supposed to be a capitalist country after all!
Just A Random Musing On China — And A Hindenburg
How come nobody talks about this?
A straight up bubble-style rise, a dramatic fall, and on the retrace the market fails to regain the 61.8% level despite repeated attempts, putting in lower lows on each try.
What comes next?
A move all the way back down to the low, and the presumption is that it will fail and price will go to the -23.6% target.
Which would be 72.44.
Oh, the -61.8% target, which is next up if 72.44 doesn’t hold?
It’s below zero.
That’s the “wonder of the world” that is going to save us all, according to some....
No it’s not.
PS: There are those who called a Hindenburg yesterday. They’re correct. Worse, we had the requisite new highs and new lows (105/99) and the McClellan today (7/24) was negative.
This means the Hindenburg is now confirmed and presages a potential market crash some time in the next four months — and potentially as soon as tomorrow.
Not sure what all those numbers mean? Can it be given line-by-line explanation?
>>>The U.S. economy is teetering on the brink of another recession.
We didn’t do that... Obama did.
The “Bush Recession” will transform in the news media to the “Romney Recession” on 1/21/2013. And for at least the next 4 years after good economic news will be referred to as “unexpected”.
I’d like to believe that American resiliency will win the day.
unfortunately history is littered with societies that rose and fell for various reasons.
I will change my mind if Obama is defeated, the economy starts growing and the debt disappears in a cloud of smoke.
I predict they will credit Obama's policies instead.
I believe in American resiliency as well. But a question needs to be asked.
How many of us are Americans and how many of us are merely citizens?
All the resiliency in the world won’t help if we continue on this demographic path.
Even if Obama is defeated, I fear that our changing demographics make unlikely that we will completely regain the resiliency of earlier generations.
Indeed. One only need look at CA to see our future.
What happens to the 50 million “Americans” whose only means of survival is a subsistence check from the government?
Things have the potential to get really ugly before they get better.
“Consumer spending and existing home sales are flagging, because policymakers failed to aid underwater homeowners as generously as the banks.”
Seriously....what editor could even allow such nonsense printed....and what so-called “mind” come up with this nonsense!? The fact a statement such as this makes into the national discourse is a sign of how unsolvable the nations problems are with the current media-political elite. They are too stupid to figure out the basis of the problem
I don't believe that for a minute. It may take a few months, but get someone who's not an insane commie clown into the occupied office and grind out some sound policy including taking a flamethrower to obamacare, and this nation's transformation will be astounding.
That being said, we're going to have to route out the commies at every level.
I don’t know.
Peter Schiff agrees with him.
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