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Meet The Doomsayers Who Just Won't Give Up
The Business Insider ^ | 12-17-2009 | Joe Weisenthal

Posted on 12/17/2009 8:49:53 AM PST by blam

Meet The Doomsayers Who Just Won't Give Up

Joe Weisenthal
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.

[snip]

(Click to the site to see all 19 of them)

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: doomsayers; economy; money; recession

1 posted on 12/17/2009 8:49:54 AM PST by blam
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To: blam

Well slap my rump and call me, “Cassandra.” I still agree with the majority of them. ;)


2 posted on 12/17/2009 8:52:01 AM PST by Diana in Wisconsin ( "When you subsidize poverty and failure, you get more of both." - James Davidson)
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To: blam

no Beck? No Buchanan?


3 posted on 12/17/2009 8:52:39 AM PST by MNDude (The Republican Congress Economy--1995-2007)
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To: blam
“Despite the rally, they're warning us, Cassandra-like, that all is not well!”

Cassandra's prophesies were always correct — but, she was cursed to never be believed.

4 posted on 12/17/2009 8:57:06 AM PST by USFRIENDINVICTORIA
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To: MNDude
I think I went to this kids Bar Mitvah last week.


5 posted on 12/17/2009 8:57:25 AM PST by pburgh01
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To: MNDude

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.


6 posted on 12/17/2009 8:59:54 AM PST by RobFromGa (The FairTax is to tax policy as Global Warming is to science.)
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To: blam

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.


7 posted on 12/17/2009 9:04:25 AM PST by FastCoyote (I am intolerant of the intolerable.)
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To: blam

What, no Kark Denniger????

parsy, who goes to Market Ticker several times a day to get the real scoop on the economy


8 posted on 12/17/2009 9:06:29 AM PST by parsifal (Abatis: Rubbish in front of a fort, to prevent the rubbish outside from molesting the rubbish inside)
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To: blam

At link:

Rogers, Faber, Paul, Schiff, the others I dont know that well.


9 posted on 12/17/2009 9:14:51 AM PST by sickoflibs ( "It's not the taxes, the redistribution is the government spending you demand stupid")
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To: RobFromGa

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.


10 posted on 12/17/2009 9:55:56 AM PST by DB
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To: blam

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.


11 posted on 12/17/2009 10:09:43 AM PST by qwertypie
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To: qwertypie
"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.

12 posted on 12/17/2009 11:04:24 AM PST by blam
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To: blam
The Business Insider On “Doomsayers Who Just Won’t Give Up”

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 America’s 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 Won’t Give Up at The Business Insider.

13 posted on 12/17/2009 3:07:40 PM PST by blam
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To: Diana in Wisconsin

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?)


14 posted on 12/17/2009 5:17:25 PM PST by Pete from Shawnee Mission (Woe and doom, repeat; doom and woe iterated, etc...)
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To: blam

Dimitri Orlov

“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.


15 posted on 12/17/2009 5:37:45 PM PST by Pete from Shawnee Mission (Hello, anyone down there working the #3 seam?)
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To: Pete from Shawnee Mission

I love you, Pete! You crack me UP! :)

Beer Bread Recipe:

http://allrecipes.com/recipe/beer-bread-i/detail.aspx

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. :)


16 posted on 12/17/2009 7:35:35 PM PST by Diana in Wisconsin ( "When you subsidize poverty and failure, you get more of both." - James Davidson)
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To: blam
"I've got my eye on one of those three wheeled bicycles."

blam, in his youth...

That looks flat-out PAINFUL IMHO, LOL!

17 posted on 12/17/2009 7:43:21 PM PST by Diana in Wisconsin ( "When you subsidize poverty and failure, you get more of both." - James Davidson)
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To: Diana in Wisconsin
"That looks flat-out PAINFUL IMHO, LOL!"

LOL, tell me.

I've never understood why more than one of those things were ever made.


18 posted on 12/17/2009 9:24:46 PM PST by blam
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To: blam

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!


19 posted on 12/18/2009 6:16:55 AM PST by Diana in Wisconsin ( "When you subsidize poverty and failure, you get more of both." - James Davidson)
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To: Diana in Wisconsin
"...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.

20 posted on 12/18/2009 7:20:59 AM PST by blam
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To: blam
Brilliant! I'm e-mailing Santa right this minute. :)
21 posted on 12/18/2009 7:38:01 AM PST by Diana in Wisconsin ( "When you subsidize poverty and failure, you get more of both." - James Davidson)
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To: Diana in Wisconsin
Electric Powered Tricycles


22 posted on 12/18/2009 7:48:22 AM PST by blam
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To: blam
I've got my eye on one of those three wheeled bicycles.

I picked up a three-speed at a garage sale for 25 bucks, and got new tubes for the tires on sale...I figured if things really get bad, I can haul water or food and use it as a mini-pickup...now, for a decent trailer...

23 posted on 12/18/2009 9:47:55 AM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: Smokin' Joe
"I figured if things really get bad, I can haul water or food and use it as a mini-pickup...now, for a decent trailer..."

Yup. I need the exercise any way. And, I probably won't be able to afford gasoline if some of the things I've read come true.

Maybe (ahem), I'll go into the delivering groceries business.

24 posted on 12/18/2009 10:23:50 AM PST by blam
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To: Diana in Wisconsin

Nifty! Only three ingredients! Self rising flour, beer and White Sugar. Thank you!

Anyway, make mine with Point Special! (Is the paper pulp mill still operating upstream from the brewery I wonder?)

Recalling your old tagline, did you see that Ghiardelli double chocolate brownies were named the best out-of-box brownie? $2.00 for a box at the local Walmart. Get a case. Good investment for the coming dark age. You already have a bit of farmland I think; good for you!


25 posted on 12/19/2009 5:07:06 PM PST by Pete from Shawnee Mission (I miss you cheeseheads! Wisconsin winter, on the other hand.....)
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To: blam
"I've got my eye on one of those three wheeled bicycles"

Cool!


26 posted on 12/19/2009 5:37:45 PM PST by Rebelbase
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To: Pete from Shawnee Mission

Thanks for the tip, Pete! And I changed my tagline back just for you!


27 posted on 12/19/2009 6:35:34 PM PST by Diana in Wisconsin (Save the Earth. It's the only planet with chocolate.)
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To: Diana in Wisconsin

thank forgot david tice he says dow 4500 and snp 450!! he been right alot!


28 posted on 12/19/2009 9:51:51 PM PST by remaxagnt (`)
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