Skip to comments.Is the US Economy Close to Hitting Bottom? (The next bust is on its way)
Posted on 07/26/2009 7:16:10 PM PDT by sickoflibs
click here to read article
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.
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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
The future doesnt look pretty,
“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
Boom and bust ping!
Except I dont see much of a boom coming!
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.
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.
Someone is going to have to pay for the free lunch. When the oneâs 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.
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.
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.
Parasites are running the government...I expect the worst.
Our Company expects to be less than 18% below their highest marks. It’s a low tide but plans are moving forward.
Bump to read later
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
Lots of them... Lexington style!
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.
i like mises
At which point a trillion dollars of stimulus money starts hitting and makes things seem tolerable through the mid-term elections.
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.