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Money Expert: We’ll Be in Recession By End of Year
Newsmax ^ | April 15, 2011 | Forrest Jones

Posted on 04/15/2011 9:15:29 PM PDT by RobinMasters

A respected economic expert is warning that a recession is definite by December and that U.S. stock prices are going to plunge, thanks to Federal Reserve strategies and the soaring price of crude.

John Taylor, founder of the FX Concepts hedge fund and former vice president at Citibank, says the U.S. economic recovery has taken place thanks in large part to the Federal Reserve's money printing campaign, known as quantitative easing, which ends in June.

"Recovery has never really gotten off the ground. It's all government stimulated," Taylor tells CNBC. "We'll be in a recession by the end of the year."

Oil prices continue to rise, thanks in part to a cheap dollar, which will further hamper economic recovery, Taylor said.

Meanwhile, the cost of living in the U.S. rose in March for a ninth consecutive month, led by increases in food and fuel costs that have yet to filter down to other goods and services.

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


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: captainobvious; debt; default; economy; recession; repudiation; wateriswet
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1 posted on 04/15/2011 9:15:31 PM PDT by RobinMasters
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To: RobinMasters
Reason: Oil Price Shocks and the Recession of 2011?
2 posted on 04/15/2011 9:18:58 PM PDT by yup2394871293
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To: RobinMasters
"Recovery has never really gotten off the ground. It's all government stimulated," Taylor tells CNBC.

No kidding.

3 posted on 04/15/2011 9:19:30 PM PDT by Cementjungle
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To: RobinMasters

“Welcome to the party pal.”


4 posted on 04/15/2011 9:20:59 PM PDT by allmost
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To: RobinMasters

Paging Captain Obvious ...


5 posted on 04/15/2011 9:21:47 PM PDT by RightField (one of the obstreperous citizens insisting on incorrect thinking - C. Krauthamer)
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To: RobinMasters

we haven’t gotten out of the last one yet.


6 posted on 04/15/2011 9:22:03 PM PDT by television is just wrong
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To: RobinMasters
We’ll Be in Recession By End of Year

That's good news. Recession is a step up from where we are now.

Or is he trying to say, "You think things are bad now? Just wait till the end of the year ..."

7 posted on 04/15/2011 9:22:03 PM PDT by spodefly (This is my tag line. There are many like it, but this one is mine.)
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To: RobinMasters
a recession is definite by December and that U.S. stock prices are going to plunge

We can exchange canned food for gifts by then.

8 posted on 04/15/2011 9:22:11 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: RobinMasters

98 years to late.


9 posted on 04/15/2011 9:22:22 PM PDT by taxtruth (Don't end the fed,jail the fed!)
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To: RobinMasters

The ‘rats should be taking the Laffer Curve all the way to the bank. If the private economy doesn’t grow, gov’t revenues certainly can’t grow.


10 posted on 04/15/2011 9:22:57 PM PDT by Paladin2
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To: RobinMasters

Unbeleivable title.


11 posted on 04/15/2011 9:23:20 PM PDT by unkus
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To: Cementjungle

12 posted on 04/15/2011 9:24:17 PM PDT by wjcsux ("In a time of universal deceit, telling the truth becomes a revolutionary act." - George Orwell)
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To: television is just wrong

My thoughts also.


13 posted on 04/15/2011 9:26:06 PM PDT by jospehm20
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To: RobinMasters

Recession, my azz. We’re on the verge of a catastrophe.


14 posted on 04/15/2011 9:26:47 PM PDT by unkus
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To: dragnet2

lol


15 posted on 04/15/2011 9:27:08 PM PDT by slotin flash (libera me from hell)
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To: jospehm20

they brag about 50 k jobs? what about the 500k daily loss of jobs when zero took office?


16 posted on 04/15/2011 9:28:38 PM PDT by television is just wrong
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To: RobinMasters

When did we come OUT of the “previous” recession? Oh - they must mean that jobless “recovery”...


17 posted on 04/15/2011 9:29:08 PM PDT by TheBattman (They exchanged the truth about God for a lie and worshiped and served the creature...)
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To: RobinMasters

o can’t see the recession because of all those green shoots.


18 posted on 04/15/2011 9:32:13 PM PDT by AmusedBystander (I'm sure that Obama loves his country, I'm just not sure which country is his.)
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To: dragnet2

Didn’t Celente predict exactly that? Although, IIRC, he predicts it for Christmas 2012.

We had some friends over for dinner a few weeks ago and one woman looked at the green salad and remarked:”That is really a luxury, these days, isn’t it?”

I am right now trading starts with a gardener friend and will be potting up some Campari seedlings from saved seed for another friend. Come harvest,assuming it is a good one, I will be packaging some dehydrated tomatoes for gifts. Simple things we have always taken for granted and they are starting to take on deeper value.


19 posted on 04/15/2011 9:35:39 PM PDT by reformedliberal
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To: RobinMasters

Good. Let it burn - and then let the liberals try to spin that.


20 posted on 04/15/2011 9:42:03 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Cementjungle

There was no recovery. Things are gonna get worse. Keep watching TV sheep cause you are helping Hussein take everything you have by watching.


21 posted on 04/15/2011 9:45:17 PM PDT by Frantzie (HD TV - Total Brain-washing now in High Def. 3-D Coming soon)
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To: television is just wrong

I knew Barky would be very bad for the country if he got in when I first hear him lie. I just had no idea how bad he would be.


22 posted on 04/15/2011 9:45:32 PM PDT by jospehm20
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To: TheBattman

We’re about to go into the next Summer of Recovery.


23 posted on 04/15/2011 9:46:04 PM PDT by unkus
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To: RobinMasters

Hope you gunned up....I did..


24 posted on 04/15/2011 9:51:30 PM PDT by Crim (Palin / West '12)
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To: jospehm20

I knew Barky would be very bad for the country if he got in when I first hear him lie. I just had no idea how bad he would be.


Today a lib at work finally admitted he’s “nervous” about the economy.


25 posted on 04/15/2011 9:52:52 PM PDT by unkus
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To: jospehm20

Start with the worst case senario....

He’s the mahdi...

Prep for it...and work your way back from there...

Have faith...it WILL be tested...


26 posted on 04/15/2011 9:54:24 PM PDT by Crim (Palin / West '12)
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To: Crim

I believe it.


27 posted on 04/15/2011 9:58:07 PM PDT by jospehm20
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To: jospehm20

http://en.wikipedia.org/wiki/Mahdi

FYI..Not saying he is...just saying....what if he is...


28 posted on 04/15/2011 9:58:19 PM PDT by Crim (Palin / West '12)
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To: yup2394871293
Oil is yesterday's fuel ... and Yesterday's gone.
29 posted on 04/15/2011 10:01:12 PM PDT by dr_lew
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To: unkus

All managers throughout the company (real big one) ae paring down to the bone. Fat’s been gone for a year and a half.


30 posted on 04/15/2011 10:02:25 PM PDT by txhurl
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To: unkus

It is hard not be nervous for any rational adult. Things are bad and likely to get worse. The bunch in charge and their media enablers have been so busy cooking the government books and not reporting the news that it is hard to tell just how bad things are.


31 posted on 04/15/2011 10:04:31 PM PDT by jospehm20
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To: RobinMasters

For most of America I feel like we’ve never left the recession at all.


32 posted on 04/15/2011 10:18:12 PM PDT by chris_bdba
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To: reformedliberal

Hubby has the starts in the basement under a grow light.We are planning to plant at FIL’s place and probably do something in the neighborhood of enough tomatoes to can 98 quarts and dehydrate many more pounds.Green peppers,jalapenos,cucumbers and cabbage are also being started.Going to try my hand at sauerkraut and pickles.I can get 50 gallon stoneware crocks locally to ferment in then I plan to can them.Am wanting a bumber crop of basil to freeze pesto for winter use.What I don’t raise I plan to hit the farmers market for.Having a professional dehydrator has paid for itself many times over.


33 posted on 04/15/2011 10:24:53 PM PDT by chris_bdba
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To: RobinMasters

I must beg to differ. We’re in a recession NOW, and have been in a recession.


34 posted on 04/15/2011 10:28:26 PM PDT by pbmaltzman
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To: jospehm20

Remember this....fly over country is OUR country...

If Hell breaks out...head for us...if you dont find me...you’ll find someone just like me...

You are NOT alone.

In almost 5 decades....Though Carter.....through Reagan/Bush and desert storm...through the clinton years and the NWO conspiracies...through Y2K...through 9/11 and GW....

I’ve ever been “spooked”...

I’m spooked now....

I pray it means nothing....I pray I jump at shadows....

I prepare none the less...

Israel is the the key...and it has been foretold that Isreal will stand alone...

The world may not end in our time....but it may end as we know it...as it has done before...

Can one be a pious man in a madmax world?

I pray I will never know....and yet I pray for the strength to survive should such come about....

Should such come about....we will face monsters of our own making...there will be those who are non-pious...those who will seek harm for harms sake...for survival...for profit...for power...

The pious must seek each other out...IF...ever comes about...

In the meantime..I go quietly about my business....hoping that what I foresee...will never come about...

But if it does...I and mine will survive...


35 posted on 04/15/2011 10:32:38 PM PDT by Crim (Palin / West '12)
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To: Crim

This man gets paid good money to make these stupid remarks. If he ever had to buy groceries or fuel up his car he would have knows this situation was going on for a long time.Strange how they leave food and fuel out of the cost increase figures;


36 posted on 04/15/2011 10:38:52 PM PDT by BooBoo1000
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To: RobinMasters

Hasn’t this been predicted before?


37 posted on 04/15/2011 10:39:43 PM PDT by stuartcr (The soul is the .cfg file for the body)
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To: unkus

LOL. “Summer of Recovery II, The Sequel”


38 posted on 04/15/2011 10:51:58 PM PDT by ProtectOurFreedom
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To: BooBoo1000
I'm not so much concerned about the prices in the supply chain...

I'm more concerned as to what happens if the supply chain is interrupted...

Not many are prepared... “top down, bottom up, inside out”- Van Jones

39 posted on 04/15/2011 10:52:26 PM PDT by Crim (Palin / West '12)
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To: spodefly

As bad as things are, the government has been able to paper over some of the symptoms of the depression. I think he is saying, the full force of the government won’t be able to hide the depression by the end of the year, and even after trying with all their might to force a paper increase of GDP, they will be in vain and it will be OBVIOUS we are in a recession (I call it a mild depression.”

I continue to stand by my prediction made before Obama’s inauguration, that Obama will be a one-term wonder because the economy will still be horrible in 2012. This die was cast before Obama announced for candidacy and it wouldn’t matter if Ronald Reagan was the current president, the incumbent is going to be kicked out on his rear for not “doing anything” to fix the economy. Of course, Obama has done great additional damage to the economy, but even if he hadn’t, things would be sufficiently bad in 2012 to insure the incumbent president fails to be re-elected.

To this end, it doesn’t really matter who the Republicans nominate, so they DAMN WELL BETTER nominate an honest CONSERVATIVE, since he is going to win. I don’t want to see a Romney or Trump get the GOP nomination. We need a Palin, Sanford, DeMint or Bachmann or this West guy people are suddenly raving about. No McLame or Hatch just because it is their turn.


40 posted on 04/15/2011 11:06:15 PM PDT by Freedom_Is_Not_Free (Don't confuse Obama's evil for incompetence.)
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To: dr_lew

No, my automobile still runs on petroleum. Don’t know anyone with a natural gas powered vehicle, biofuel vehicle, electric car, or even a hybrid. Oil is today’s fuel, tomorrow’s fuel. Maybe if we’re lucky, it won’t be a major fuel a century from now, but we ain’t there yet.


41 posted on 04/15/2011 11:15:33 PM PDT by yup2394871293
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To: Frantzie
" Keep watching TV sheep cause you are helping Hussein take everything you have by watching."

Written by someone who sits, drooling and staring into a computer monitor 20 hours a day, furiously beating on the keyboard to berate everyone else for watching TV. Sheesh, could you please get some help??? Or at least quit posting the same tired sh!t day after day after day???

42 posted on 04/15/2011 11:26:59 PM PDT by JustaDumbBlonde (Don't wish doom on your enemies. Plan it.)
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To: Crim

I couldn’t agree more with your last two posts. Especially “I’m more concerned as to what happens if the supply chain is interrupted.”

This is the thing that makes this a world-wide problem, and fundamentally different than say, the 1930s. Most people have no grasp over how complex and intricately woven the world economy has become. The economy of even thirty years ago was fundamentally different, smaller, less complex, and slower. A collapse here, at this point in history, and the world would be unrecognizable within weeks (or even days).


43 posted on 04/15/2011 11:28:26 PM PDT by jjsheridan5
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To: ProtectOurFreedom

“Summer of Recovery II, The Sequel”


Yep. We’re in the first of 0bama’s “Five year plans”.


44 posted on 04/15/2011 11:29:20 PM PDT by unkus
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To: jjsheridan5
Thanks for touching base with me...I consider FR to be base..

The LA riots pretty much woke me up to being able to Bug out quick for the hills if need be, and be self sufficient...

45 posted on 04/15/2011 11:37:43 PM PDT by Crim (Palin / West '12)
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To: reformedliberal
Denzel Washington in "The Book of Eli":
People had more than they needed.

We had no idea what was precious, what wasn't.

We threw away things that people would kill each other for now.


46 posted on 04/15/2011 11:38:16 PM PDT by upchuck (Think you know hardship? Wait till the dollar is no longer the world's reserve currency.)
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To: yup2394871293

I have it on the highest authority that you are wrong. That is to say, Obama himself made this declaration. Surely it is our failure as loyal citizens that we do not take it to heart.


47 posted on 04/15/2011 11:39:09 PM PDT by dr_lew
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To: JustaDumbBlonde

Heh Heh..how bad do I have it when I have the TV and Talk radio on while I surf FR...


48 posted on 04/15/2011 11:41:08 PM PDT by Crim (Palin / West '12)
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To: upchuck

Great movie...took it to home...


49 posted on 04/15/2011 11:41:54 PM PDT by Crim (Palin / West '12)
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To: Crim

Those riots were certainly an eye opener. Things could get very messy, very quickly.

All I know is that the economy is dependent on faith in the dollar, and that faith seems to be eroding.

But what really worries me is that I feel that people of character are way too small a minority in this country. Maybe the societal decay is just an illusion, but I don’t think so. I hope I am wrong, because unless we get very lucky, we are going to go through some rough patches soon.


50 posted on 04/16/2011 12:07:45 AM PDT by jjsheridan5
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