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Is the US Economy Close to Hitting Bottom? (The next bust is on its way)
Mises Institute ^ | 7/24/2009 | Frank Shostak

Posted on 07/26/2009 7:16:10 PM PDT by sickoflibs

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The Peter Schiff/Redistribution Watch Ping. (Washington Bankrupting our Nation by Spending your past, present and future money!)

If you realize both parties in Washington think our money is theirs and you trust them to do the wrong thing, this list is for you.

If you think there is a Santa Claus who is going to get elected in Washington and cut a few taxes and spend a few trillion and jump start the economy, and get our lost money back, this list is not for you.

You can read past posts by clicking on : schifflist , I try to tag all relevant threads with the keyword : schifflist.

Ping list pinged by sickoflibs.

To join the ping list: FReepmail sickoflibs with the subject line add Schifflist.

(Stop getting pings by sending the subject line drop Schifflist.)

1 posted on 07/26/2009 7:16:14 PM PDT by sickoflibs
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To: sickoflibs

I think that the past 6 to 8 months was just the tip of the iceberg a bigger and deeper collapse is coming I predict around the holidays IMHO


2 posted on 07/26/2009 7:18:24 PM PDT by al baby (Hi Mom ;))
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To: Harrius Magnus; mojitojoe; Pelham; mom2twinsn2; LongLiveTheRepublic; ConservativeOrBust; ...
The Peter Schiff/Redistribution Watch Ping. (Washington Bankrupting our Nation by Spending your past, present and future money!)

The future doesnt look pretty,

3 posted on 07/26/2009 7:19:01 PM PDT by sickoflibs (Socialist Conservatives: "'Big government is free because tax cuts pay for it'")
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To: sickoflibs

“Hence, we are doubtful that the US economy is on the verge of a solid economic recovery. On account of massive monetary pumping, the growth in momentum of various key economic data is likely to strengthen in the months ahead. We maintain this may prompt Fed policy makers to consider curtailing the pace of monetary pumping, and we suggest that this will set in motion a new economic bust.”

I believe this is true... We cannot believe the stats that we are getting... printing money that we cannot back up with gold is an idiot’s dream... and we have one in the wh


4 posted on 07/26/2009 7:20:47 PM PDT by bareford101
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To: djsherin; bamahead

Boom and bust ping!

Except I dont see much of a boom coming!


5 posted on 07/26/2009 7:20:53 PM PDT by sickoflibs (Socialist Conservatives: "'Big government is free because tax cuts pay for it'")
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To: sickoflibs

Small business is always the heart of job creation.
The Baraqqis are loading small business and entrepreneurs with added taxes and regulation.

As a retiree, I feel badly for those rendered jobless, but hope that the jobless issue will allow better election results in 2010. We have to stop the Baraqqi stampede.


6 posted on 07/26/2009 7:22:35 PM PDT by nascarnation
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To: sickoflibs

If the Marxist DemocRATS have their way, we’ve got a long way to go before we hit bottom. Once EVERYONE living in this country is dependent upon the government for their survival, we’ll know that we’ve finally bottomed out.


7 posted on 07/26/2009 7:23:43 PM PDT by FlingWingFlyer (I support the president. I'm just against his War On America!)
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To: sickoflibs

Someone is going to have to pay for the free lunch. When the one’s paying the free lunch can no longer afford to pay for the free loaders then is WTSHTF. The freeloaders and diverse individuals will turn to what they know best and that is looting and crime. I used to think that survivalists and preppies were oddballs but now with Obama and his Commies in power, the reality of that particular disaster situation IMO is closer than we think.


8 posted on 07/26/2009 7:26:21 PM PDT by vetvetdoug
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To: sickoflibs

9 posted on 07/26/2009 7:29:25 PM PDT by TSgt (I long for Norman Rockwell's America.)
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To: sickoflibs
Doom doom dooooom! You haven't listened to my pieties! Doooooooooom!!!

Now, when I am right and they are wrong, and the economy recovers anyway because that is simply want free capitalist economies do, no more remarkable than the sun coming up in the morning --- will any of these baying idiots shut up about it, or admit they were wrong?

This time next year the economy will be growing. Unemployment will be falling. The stock market will be higher.

The article and its purveyors pretend the reverse, and I am calling them on it right here, right now. They will be wrong. And one year from today, I want one freeper who believes this crap today, to admit he was wrong when it happens as I predict and not as this article does.

10 posted on 07/26/2009 7:30:36 PM PDT by JasonC
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To: sickoflibs

Confidence, confidence, confidence...they always leave that part out.

Banks are not lending, businesses are not hiring and the American people have lost confidence in the tax and spend government.

We will not a see turn around until 2010...after the House gets cleaned and Obama cries Uncle.

It is in a motion of the economy...sort of like a shark attack at the beach...people do NOT want to go into the water. Jaws is loose...his name is Obama and America has lost their confidence in him. Period.


11 posted on 07/26/2009 7:31:20 PM PDT by Shaka
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To: sickoflibs

Parasites are running the government...I expect the worst.


12 posted on 07/26/2009 7:31:22 PM PDT by blam
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To: sickoflibs

Our Company expects to be less than 18% below their highest marks. It’s a low tide but plans are moving forward.


13 posted on 07/26/2009 7:32:18 PM PDT by eyedigress
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To: sickoflibs

Bump to read later


14 posted on 07/26/2009 7:33:07 PM PDT by CPT Clay (Pick up your weapon and follow me.)
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To: sickoflibs

When the hyperinflation caused by spending the trillions of dollars we don’t have hits, this year will be known as the good old days


15 posted on 07/26/2009 7:33:39 PM PDT by muir_redwoods ( How come when I press "1 for English" I still can't understand what's being said?)
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To: sickoflibs
Except I dont see much of a boom coming!

I do...

Lots of them... Lexington style!

16 posted on 07/26/2009 7:34:10 PM PDT by JDoutrider
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To: al baby

This will get worse. None of these jobs are coming back.

a) There is no demand now for all these products with the financial system in ruins worldwide.

b) Sometime during/after the internet revolution the US decided it was just fine to let 2 billion Chinese and Indian workers into our labor force. They’ll work for low, low wages for the next couple decades, manufacturing all the things that used to be made here.

Free trade in the long-run might work out fine. But the next 10-20 years are going to be a rough go.


17 posted on 07/26/2009 7:35:11 PM PDT by SteveAustin
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To: sickoflibs

i like mises


18 posted on 07/26/2009 7:41:23 PM PDT by 4rcane
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To: sickoflibs
Most experts and commentators are of the view that the worst of the US recession may be over by year's end.

At which point a trillion dollars of stimulus money starts hitting and makes things seem tolerable through the mid-term elections.

19 posted on 07/26/2009 7:44:39 PM PDT by fso301
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To: JasonC

RE “And one year from today, I want one freeper who believes this crap today, to admit he was wrong when it happens as I predict and not as this article does.”

How about 2-3 years out? You see that debt curve in reply #9 ? Remember all the rosy talk in 2004-2006 about the great economic growth?? Didnt work out too well did it? This time the debt is much bigger.


20 posted on 07/26/2009 7:51:25 PM PDT by sickoflibs (Socialist Conservatives: "'Big government is free because tax cuts pay for it'")
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