Skip to comments.Meet The Doomsayers Who Just Won't Give Up
Posted on 12/17/2009 8:49:53 AM PST by blam
Meet The Doomsayers Who Just Won't Give Up
Dec. 17, 2009, 10:32 AM
Last April we ran a profile of the leading doomsayers -- the folks who aggressively argued that the economy was going to hell in a handbasket.
Of course, back in April that seemed very possible, and so many of these folks were riding huge waves of fame.
Since then, things have improved markedly, but it's hard to switch gears when you're mostly known for being negative.
And so we've updated our survey to introduce you to the brave holdouts. Despite the rally, they're warning us, Cassandra-like, that all is not well! The recovery is a mirage, and if we don't change our ways fast then we're screwed.
(Click to the site to see all 19 of them)
(Excerpt) Read more at businessinsider.com ...
Well slap my rump and call me, “Cassandra.” I still agree with the majority of them. ;)
no Beck? No Buchanan?
Cassandra's prophesies were always correct — but, she was cursed to never be believed.
It would be so much easier for them if they could just report on the latest deviations from the Third Five-Year Plan... this capitalism stuff is just too confusing for these journalism majors...
the reason that people are negative is because they know that this recovery is totally UNSUSTAINABLE to use an enviro-whacko term... it is built solely on government spending and debt while the private sector continues to stumble along...
they are just trying to reinflate the bubble at this point rather than fixing the underlying mess, and they are about to raise taxes a bunch at the same time... it can’t lead to growth.
How people remain optimistic when there are unsustainable debts as far as the eye can see at all levels (consumer, public, private) is beyond me.
What, no Kark Denniger????
parsy, who goes to Market Ticker several times a day to get the real scoop on the economy
Rogers, Faber, Paul, Schiff, the others I dont know that well.
I agree completely. And that bubble is not going to be reinflated no matter how hard they try... The majority of people are already borrowed out. Money lending could be free (it is close to that now) and there would still be few private sector takers.
Wait until all the Christmas temps are laid off and gasoline begins going up in January. The mood is foul now, next month is going to be really sour.
I have a prediction to make based on the expected soar of the price of gasoline.
Mom and pop local corner stores will return because people won't be able to afford to drive to their store of choice..as we do now. Bicycles and associated suppliers will be a good investment.
Walking and maybe even hitchiking will become common again
I've got my eye on one of those three wheeled bicycles.
By Rocky Vega
12/17/09 Stockholm, Sweden Back in April, The Business Insider posted a piece entitled The Doomsayers Inherit The Earth describing how media surrounding the financial crisis pushed some bearish and contrarian perspectives into the spotlight. Bill Bonner was named in the original feature and he also appears in the reprised version of the post published today.
From The Business Insider:
Bill Bonner is the author of Empire of Debt, and like many other doomsayers to him it basically boils down to a massive unwinding of Americas debt obligations.
He is also the editor of The Daily Reckoning newsletter, which has argued that the current crisis will be worse than the great depression, due to the lack of checks and balances in politics. He is a strong advocate and bull on gold.
This latest version refers to the current contrarians as brave holdouts in the face of the ongoing rally, but as Bill Bonner has said the whole process could take many years
so keep your seatbelt buckled. You can view his profile along with the other Doomsayers Who Just Wont Give Up at The Business Insider.
Well, Cassandra, I can’t help you with the first half of your request. We’ll defer to Mr. Diana from WI on that one.
(I’ve, been looking around. Have you seen anything to eat on this thread?)
“His views are deeply informed by his outlook on energy production and consumption. In the future, says Orlov, the only viable form of transport will be sail power.”
Gosh,I guess that means the 85% of us who live inland are in trouble.
I love you, Pete! You crack me UP! :)
Beer Bread Recipe:
It’s good for what ‘ales’ you, LOL!
(If you don’t have self-rising flour on hand, add 1&1/4 tsp. Baking Powder per cup of flour, so 3 & 3/4 tsp. for this recipe.)
I make this all the time. It’s awesome with soup and makes a great ‘toast’ for breakfast. :)
blam, in his youth...
That looks flat-out PAINFUL IMHO, LOL!
LOL, tell me.
I've never understood why more than one of those things were ever made.
You’ve got a very good idea there, Blam. I used to have a Honda ‘Spree’ scooter that was more than capable of taking me to town and back for errands. I loved that thing!
We live on a HUGE hill, and I can just see myself flying down it on a bike...but I can’t see getting myself back up it the same way, LOL!
I'm sure you can buy them with a battery and motor too. Use the battery and motor only to get up the hill.
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