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 ...
No kidding.
“Welcome to the party pal.”
Paging Captain Obvious ...
we haven’t gotten out of the last one yet.
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 ..."
We can exchange canned food for gifts by then.
98 years to late.
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.
Unbeleivable title.
My thoughts also.
Recession, my azz. We’re on the verge of a catastrophe.
lol
they brag about 50 k jobs? what about the 500k daily loss of jobs when zero took office?
When did we come OUT of the “previous” recession? Oh - they must mean that jobless “recovery”...
o can’t see the recession because of all those green shoots.
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.
Good. Let it burn - and then let the liberals try to spin that.
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