[JRandomFreeper]

What say we finish with this depression before we move on to the next recession?

/johnny

[blam]

JIM ROGERS: The Next Economic Slowdown Is Coming And It's Going To Be Much Worse

[Clintonfatigued]

The next recession? I didn’t know that we were out of the current one.

[Eccl 10:2]

[MichaelCorleone]

I could be wrong, but didn’t Bernake testify recently that Jan ‘13 we will be going ‘over a cliff’ due to obamacare taxes?

If he didn’t, I will. The final nail in the coffin will be 0 care in Jan 2013.

[LucianOfSamasota]

The simple fact is that the U.S. is now caught in the "trap" of the debt cycle where cuts in deficit spending, budget reductions, increases in taxes or interest rates cannot be accomplished because the economy is simply too weak to offset the negative impacts.

I am not convinced that entitlement programs 'drive' the economy. We all share the sum total of what we all produce. Taking from the producer to give to the non-producer may be construed by some to be an act of charity, but it certainly does not increase the GDP or aid the economy. Rather the converse is true, leaving the money in the productive sector will preserve industry which is faltering, and cause growth in industry which was merely surviving.

[gunsequalfreedom]

thanks for posting this interesting article. my observations is that the average american has no reserves. However many no longer have house payments and their new rent payments are lower than their previous mortgage payments.

[Sea Parrot]

Next recession? WTH, does anyone actually believe we have recovered from the present one?

[familyop]

"What I am confident of is that no one will be yelling 'Kowabunga' just prior to the shove."

Well, Pollyanna Roberts...Kowabunga! Have fun. Enjoy the slide. See my saver/producer friends on the other side. BTW, real producers make and/or grow useful things.