This is a good thing! This is what brought us wonderful writers like Dickens!:)
Posted on 10/23/2011 9:43:10 PM PDT by lbryce
Fewer U.S. companies expect to hire new workers in coming months, as business economists grow increasingly pessimistic about the overall economy's growth in the coming year.
Nearly 85 percent of economic experts surveyed expect the economy to grow at a meager 2 percent or less over the next 12 months, according to the National Association for Business Economists. In July only 23 percent of the survey's respondents predicted such slow growth.
(Excerpt) Read more at nytimes.com ...
How unexpected...
It looks like those great Arab Spring “victories” aren’t working out for us. I thought for sure that once Qadhafi was dead and the Muzzie Bros. took over that our economy would bounce right back with Barry’s Gallup poll numbers. I guess the state run “media” was lying again.
Yeah, and, today, I heard “they” are expecting an increase in Christmas purchasing by consumers......I call BUNK on that, too!
“Yeah, and, today, I heard “they” are expecting an increase in Christmas purchasing by consumers......I call BUNK on that, too!”
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The big news pumps have been turned on to suck Obumbo out of the sewer.
In my opinion, it is all a big pile of BS.
If economists say it, the opposite will happen.
So look for a rally in the economy and an Obama reelection.
How can you beat the man who saved the economy, gave healthcare to every American, and slew the evil Osama and Khadafy?
I’ll be buying groceries for the kids and their families...I bake...I cook....that will be my gift...
This is a good thing! This is what brought us wonderful writers like Dickens!:)
We have something close to a capital strike. Something similar happened during FDR’s second term. Like Obama, FDR tried to flog the rich to make them work their money harder. Instead, they waited. If France had no fallen in 1940, FDR would not have been re-elected.
I have yet to see an analysis why the US will actually recover. Considering the debt and other fundamental flaws within our current economy. Even plans of new tax codes fail to address the actions needed, ie slashing Gov’t.
It won't. The next wave of foreclosures and the cascade of bank closures will happen in 2012. The next President will preside over a financial graveyard. Trillions in artificially generated wealth will disappear worldwide.
The bump we got on our bonds came solely from panicking investors dumping out of the EU because Greece, Spain, and Italy are all teetering on the edge of insolvency and default. We're going to be partying like it's 1939 very soon.
The hit everyone took on their portfolios and retirement accounts in 2008 was merely the coming attraction. The main feature has yet to play out.
If Obama is kicked out of office along with his class warfare and anti business policies, the economy may then see some light.
If they're wrong about 2012, it's good for Obama. If they're right about 2012, we're in for deeper misery. I'm just curious about the recent track record for this economic survey.
So true...it is interesting that food and energy are not used anymore when the goobermint reports inflation....however, increases in those commodities sure count for GDP growth, not to mention goobermint spending - i.e. deficit spending.
Thanks lbryce.
Agreed. Salient observation.
The main feature is being planned for next year.
The rats are letting the secret out. Suspending elecions and the constitution. Biden warned that the young president would be facing an epic problem and that we probably won’t like how he addresses it, but we should just be patient.
eah, and, today, I heard “they” are expecting an increase in Christmas purchasing by consumers......I call BUNK on that, too!
I do too, I believe I read it here on Free Republic that the number of shipping containers coming in to the U.S. from China were down in September, way down. I believe that September and October are the peak month’s for the shipment of Christmas related items.
On the Other hand in the few chain stores I’ve been in lately the Christmas decoration isles have been up since the second week of October and judging from the shelves the retailers aren’t expecting much in the way of sales.
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