[2banana]

What happened to all the green shoots?

[Da Coyote]

Funny, nothing mentioned about the total lack of ability, talent, and IQ amongst our “leaders” in DC.

[Kartographer]

But, but, but we were told............

[Uncle Ike]

” ‘Death by a Thousand Cuts’ “

Companies are cutting workforce, consumers are cutting spending - but the Gummint grimly refuses to consider cutting *anything*...

We can survive the first two, but our ‘death’ will come from the un-cuts of the third.....

[Leisler]

"We already were in the middle of a very severe crisis. Saying that bailout out Lehman, everything would have been OK, is nonsense," he said. "Lehman was a symptom of the crisis, not the cause of the crisis."

The True Cause......

.....and another symptom of the disease....people flee( like cancer victims to quacks ) to bamboozlers...

[DuncanWaring]

A double-dip recession implies some sort of an initial pseudo-recovery.

Except for the fraud in the stock market producing a recovery in the indices, where’s the overall recovery? Unemployment continues to rise, spending continues to fall.

[KansasGirl]

I’m just glad Obama brought us back from the brink. Man, we are lucky we elected him! Just imagine what a catastrophe it would have been if he hadn’t managed to save all those jobs. Unemployment would be at 20% if if wasn’t for Obama. Just imagine if we didn’t have Obama to steer us away from free market capitalism! /s

[ClearCase_guy]

"The gap between supply and demand is so huge we could stop producing new homes for a year to get rid of all the inventory," he said.

Something I don't understand: Here in MA, people are leaving the state (well, I do understand that), so our population is dropping, meanwhile, there are lots of houses on th market, with drastically reduced prices, but they aren't selling. So here's what I don't understand: There's a tremendous amount of home construction going on.

Makes no sense to me. Where's the demand???

[dalebert]

where are all the jobs....with all the other problems why is congress trying to ram a job defeating healthcare program down our throats.

[SumProVita]

Gee...I heard Obama take credit for saving the economy...for bringing it back from the brink.

[angkor]

>>>> 1,000 financial institutions could fail.... housing prices are likely to fall another 12 percent in the next year... commercial real estate market.... Allowing forbearance ... will mask underlying problems <<<<

Can’t say I disagree with any of that.

The junk (mostly from real estate speculation) needs to be wrung out of the financial system to the greatest degree possible.

Letting commericial real estate speculators off the hook will leave us in the same position as Japan, with 20 years of stagnation because we can’t or won’t face reality.

(BTW, nothing against speculators, but when you lose, you lose.)

[angkor]

We already were in the middle of a very severe crisis. Saying that bailout out Lehman, everything would have been OK, is nonsense," he said. "Lehman was a symptom of the crisis, not the cause of the crisis."

Whatever that means, I see that it's from the CNBC original. Guess the copy desk hasn't gotten to work yet.

[hoosier hick]

Even when the housing inventory is sold off, prices are going to be low enough to make it difficult to want to start building. And of course, WE all know that the biggest driver of appliance sales is new houses, not Dollars for Dishwashers (why would we want to stimulate China’s appliance industry anyway?)....

hh

[Malesherbes]

One of the signs in the Washington 9-12 demonstration:
“We’ve Come Without Guns. This time.”
That set me to thinking.