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Horror for US Economy as Data Falls off Cliff
CNBC ^ | 06/01/11 | Patrick Allen

Posted on 06/01/2011 4:06:55 PM PDT by MissesBush

Edited on 06/01/2011 4:26:23 PM PDT by Admin Moderator. [history]

The last month has been a horror show for the U.S. economy, with economic data falling off a cliff, according to Mike Riddell, a fund manager at M&G Investments in London.

"It seems that almost every bit of data about the health of the US economy has disappointed expectations recently," said Riddell, in a note sent to CNBC on Wednesday.


(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: bhoeconomy; cnbc; debt; default; democrats; depression; economy; hopeychangey; nobama2012; obama; obamadepression; obamanomics; property; qe3; recession; socialism; socialistdemocrats; teachers; unexpected; useconomy
Yes, "Obama killed Osama," but he also killed the US economy as well. That Obama stimulus sure seems to be doing the trick, doesn't it??!
1 posted on 06/01/2011 4:07:00 PM PDT by MissesBush
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To: MissesBush

“has disappointed expectations “

The new “unexpected”?


2 posted on 06/01/2011 4:12:53 PM PDT by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: MissesBush

When it all falls down, our society, currency, institutions, what will occur? Will the people demand freedom or a strong man to restore order on any terms?

Count on the second option. We are too debased for anything else.


3 posted on 06/01/2011 4:13:40 PM PDT by Jacquerie (Secure Natural Rights and a country will prosper. Suppress them and the country will founder.)
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To: MissesBush; ExTexasRedhead; Zakeet
Mission (almost) Accomplished!

We propose a One World Currency to solve all these problem!

.....slow applause.....

4 posted on 06/01/2011 4:14:23 PM PDT by SkyPilot
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To: Jacquerie
Will the people demand freedom or a strong man to restore order on any terms?

Those "bitter" citizens who "cling to guns and religion" will know better.

The American Idol Watchers/Illegal Squatters/Limousine Liberals/MSM Whores/Ghetto Trash/Tax Takers will go for Option B......big time.

Hey. What harm can a "strong man" do?

5 posted on 06/01/2011 4:16:59 PM PDT by SkyPilot
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To: MissesBush

Stimulus = vibrator. Wankery instead of the vital connection of impregnation. Result = stain on sheet, rather than renewal and revitalization.


6 posted on 06/01/2011 4:19:15 PM PDT by Eleutheria5 (End the occupation. Annex today.)
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To: Eleutheria5
By November 2012 Obama will never be re elected. He just can't do the things to improve the economy. Regulations, Oil drilling or fracking, or taxes.

Hope won't change the economy.

7 posted on 06/01/2011 4:23:39 PM PDT by scooby321
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To: Jacquerie

We will demand LIBERTY, there are still some ol’ boys that can run a trout line and skin a buck that ain’t gunna take anything less.


8 posted on 06/01/2011 4:28:03 PM PDT by WorkerbeeCitizen (I STAND WITH ISREAL!)
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To: MissesBush

Try as they might, they can’t completely cover up the fact that we are in an economic depression. They are doing an effective job of propping up Wall Street while our 5th Column, the MSM, shouts that Wall Street’s “health” is proof of economic recovery.

But the underlying fundamaentals are horrible and there is no hiding them for long - they keep popping up.

We are in a depression. I think it is telling how bad a depression we are in that the entire might of a nation’s propaganda machine and banking sector can’t completely hide the magnitude and depth.

They will fool less and less people As the depression lingers and deepens. I have no clue when we get out of this thing. I only know that our “service economy” is not the thing to get us out of it. Previous returns to economic health came from real investment, from real production. Now, all they can do is blow another bubble. Without the government being pulled out of the way of the private sector, I don’t know how a real economic recovery is possible.


9 posted on 06/01/2011 4:29:23 PM PDT by Freedom_Is_Not_Free (SP12: Josh Ferrin for President - he is my new hero.)
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To: MissesBush
What a guy!

Yep he definitely has MY vote in 2012! /Holy Moly Major Sarc!

Jimma', YOU are a savior in comparison!

10 posted on 06/01/2011 4:33:06 PM PDT by EGPWS (Trust in God, question everyone else)
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To: MissesBush
Horror for US Economy as Data Falls off Cliff

Thank GAWD we have FREE health care now to get us through all this!

11 posted on 06/01/2011 4:35:58 PM PDT by EGPWS (Trust in God, question everyone else)
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To: MissesBush

Is it obama’s fault yet?


12 posted on 06/01/2011 4:37:05 PM PDT by clearcarbon
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To: scooby321
By November 2012 Obama will never be re elected.

That depends upon who counts the votes....

13 posted on 06/01/2011 4:38:02 PM PDT by EGPWS (Trust in God, question everyone else)
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To: clearcarbon
Is it obama’s fault yet?

Nope, it's still the best situation that any living being could ask for BECAUSE of the messiah!

Without him it would be 10 times as bad! /MS

14 posted on 06/01/2011 4:40:11 PM PDT by EGPWS (Trust in God, question everyone else)
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To: MissesBush
just in time for QE-III to bury it...
15 posted on 06/01/2011 4:40:40 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: MissesBush
The panic BS. We can only save the world economy if we raise the debt limit or we are doomed is Black House BS.

Screw Captain Zero. Do not raise the debt limit and make real cuts to the budget and toss this POS monkey eared incompetent out in 2012.

16 posted on 06/01/2011 4:43:45 PM PDT by hflynn
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To: Freedom_Is_Not_Free; SkyPilot

“They are doing an effective job of propping up Wall Street while our 5th Column, the MSM, shouts that Wall Street’s “health” is proof of economic recovery.”
____________________________________________________

I have said for the last two years that Wall Street is nothing more then a scam, controlled by a hand full of criminal fat cats like George Soros.

I know we have one member that is always reporting economic and market and “double dip” news, but it is worthless news,
and the double dip is nothing but one big sinkhole.

One side note, when I see a photo of Obumbo, like the one Sky Pilot posted, I get sick at my stomach.
Obmumbo’s expression reeks with contempt from Hell.


17 posted on 06/01/2011 4:44:17 PM PDT by AlexW (Proud eligibility skeptic)
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To: MissesBush; SAJ; Lazamataz

It’s not *just* 0bama killing our economy...state and city regulations are likewise choking businesses. It takes pages of paperwork to start any new business these days, compliance with onerous zoning, bans against smoking, insurance, taxes on sales property and income, multiple commissions/bureaucracies “Signing off” on your concept, etc.

Can you just go handmake a gun and sell it from your garage? No. Mounds of paperwork and federal/state/city compliance reqs.

Can you just go make a cigarette and sell it from your basement? Not a chance. Tons of paperwork and lots of delays dealing with bureaucracies.

Booze? Gotta get special permits to make it or to sell it, and not every location is “zoned” to allow you to do business with it.

At every turn, Americans are regulating our economy out of business.

Want to build a micro-power-plant to sell electricity to your local grocery store? It would cost you more to process the permit applications than to buy the generators, windmills, and solar panels.


18 posted on 06/01/2011 4:44:17 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: SkyPilot
What harm can a "strong man" do?

He can engineer an enemy attack on our shores just like FDR did.

19 posted on 06/01/2011 4:48:41 PM PDT by Misterioso (A liberal is a communist, but too stupid to realize it.)
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To: Freedom_Is_Not_Free

Haven’t you heard? It will be Bush’s fault for at least 6 more years.


20 posted on 06/01/2011 4:57:23 PM PDT by Terry Mross (Only a SECOND party will get my vote.)
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To: Jacquerie
I heard Rep Ryan on Hannity today. He said the bond markets will give the US 2 to 5 years, probably closer to 2, to clean up its act.
21 posted on 06/01/2011 5:10:06 PM PDT by Former Proud Canadian (Slugs and Bitter Clingers Unite.)
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To: EGPWS
Nope, it's still the best situation that any living being could ask for BECAUSE of the messiah!

Without him it would be 10 times as bad! /MS

DemRATS adore and protect their sacred cows.


22 posted on 06/01/2011 5:13:32 PM PDT by clearcarbon
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To: Former Proud Canadian
A friend of mine came up with about $ 25.000 to invest two weeks ago, I gave him some stuff to read, and talked to him that he might consider Silver and Gold. He was very kind, and went out about a week ago and bought 100 shares of Conoco Phillips, and 100 shares of Chevron. Well today they both took a major shot. But they pay dividends. It is still a fact of life, nothing plus nothing, equals, you guessed it Nothing.
23 posted on 06/01/2011 5:22:54 PM PDT by BooBoo1000 (By the Banks, Of the Banks. and For the Banks.. Sure way to bankruptcy.)
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To: Freedom_Is_Not_Free

Without the government being pulled out of the way of the private sector, I don’t know how a real economic recovery is possible.

Well said. It is enterprise that counters depression, even, or most relevantly, in the psychological sense. That revelation is via the private sector, not government oppression. Wasn't the "great" Soviet Union and Karl Marx lesson enough (or has the new generation forgotten)?

One secret for the US is internal energy sources, fossil, nuclear, renewables. We do have plenty in one form or other, and if government steps aside, enterprise would explode like a new dawn.

I am convinced this is intentionally repressed globally.

Johnny Suntrade

24 posted on 06/01/2011 5:39:54 PM PDT by jnsun (The Left: the need to manipulate others because of nothing productive to offer.)
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To: hflynn
Employment is an impediment to any good Marxist's objectives!!

THE_THRILL_IS_GONE_263sm

25 posted on 06/01/2011 5:41:31 PM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: scooby321
"Hope won't change the economy. "

We're so far down the slope that 'change' probably won't help either.

26 posted on 06/01/2011 5:52:10 PM PDT by blam
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To: WorkerbeeCitizen

That is my view as well. Thanks for reminding me that I’m not alone.


27 posted on 06/01/2011 7:07:07 PM PDT by cbvanb
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To: scooby321
He just can't do the things to improve the economy.

What makes you think he wants to improve the economy?

It's my assertion that things are proceeding exactly the way he planned, or perhaps a little too slowly.

The Won, and his masters, hate freedom, they hate Western Civilization, they hate the English-speaking world, and they hate the US most of all.

They know this country is the keystone in the arch of Western Civilization, and that if they can destroy us, the whole thing comes crashing down, and they will be forever revered among the barbarians.

28 posted on 06/01/2011 7:18:44 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Freedom_Is_Not_Free

I agree. The way Wall Street operates now, it has nothing to do with the real economy. The MSM is too ignorant to even report on it correctly. I am appalled at the idiots that they switch to on the evening news: “and now from our economic analyst...” which is some journalist that might have read a Time magazine article on economics and now considers him/herself an expert. Wall Street is about commissions, fat salaries, good old boy relationships, personal power, etc.


29 posted on 06/01/2011 7:44:03 PM PDT by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
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To: Misterioso

FDR engineered an attack? tell me all about it.


30 posted on 06/01/2011 7:55:51 PM PDT by arrogantsob
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To: BooBoo1000

If you truly believe the economy will tank further by puts. That call, if correct, will swamp gold for returns.


31 posted on 06/01/2011 7:58:42 PM PDT by arrogantsob
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To: MissesBush

The data are manipulated beyond recognition and have been for years. If manipulated data are falling off a cliff, it’s for manipulative reasons.

I suspect there is a perceived need for more abject fear, as existed in 2008. The little people are getting all uppity, time to cut them back down to size.


32 posted on 06/01/2011 8:06:53 PM PDT by RegulatorCountry
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To: MissesBush

The data are manipulated beyond recognition and have been for years. If manipulated data are falling off a cliff, it’s for manipulative reasons.

I suspect there is a perceived need for more abject fear, as existed in 2008. The little people are getting all uppity, time to cut them back down to size.


33 posted on 06/01/2011 8:06:59 PM PDT by RegulatorCountry
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To: Eleutheria5
"Wankery instead of the vital connection of impregnation."

I'm sorry but you simply MUST be a woman! LOL

34 posted on 06/01/2011 8:11:49 PM PDT by Soothesayer9
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To: Southack
Want to build a micro-power-plant to sell electricity to your local grocery store? It would cost you more to process the permit applications than to buy the generators, windmills, and solar panels.

So I take it that if I'm a budding quantum physicist who is working on a teleportation device for eventual use by the masses in my basement, I can kiss all dreams of financial security goodbye?

35 posted on 06/01/2011 8:22:49 PM PDT by Soothesayer9
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To: MissesBush

There will be more QE (free money from the Fed) soon, because public school teachers and many other kinds of government employees will be retained and paid at all costs.


36 posted on 06/01/2011 8:33:02 PM PDT by familyop (Shut up, and eat your brains!)
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To: Soothesayer9

No, a man. But a non-wanker.


37 posted on 06/01/2011 10:07:01 PM PDT by Eleutheria5 (End the occupation. Annex today.)
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To: scooby321

“By November 2012 Obama will never be re elected.”

I honestly don’t think he’ll even be the candidate (despite his claims to the contrary).


38 posted on 06/01/2011 10:10:01 PM PDT by kearnyirish2
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To: familyop
"QE3 anybody?" asks Riddell.

Printing Money...great...that will solve everything (sarc).

39 posted on 06/01/2011 11:23:55 PM PDT by Heuristic Hiker
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To: arrogantsob

http://tinyurl.com/dvoov


40 posted on 06/02/2011 2:01:13 AM PDT by Misterioso (A liberal is a communist, but too stupid to realize it.)
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To: WorkerbeeCitizen

That’s a trot line, not a trout line.


41 posted on 06/02/2011 5:10:47 AM PDT by RipSawyer (Trying to reason with a liberal is like teaching algebra to a tomcat.)
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To: BooBoo1000

“about $ 25.000 to invest”
////////////////////////////////////////////////////////////

I had the same amount but I spent most of it on lunch for my wife and me.


42 posted on 06/02/2011 5:17:21 AM PDT by RipSawyer (Trying to reason with a liberal is like teaching algebra to a tomcat.)
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To: RetiredTexasVet

“and now from our economic analyst...”
////////////////////////////////////////////////////////////

Yep, it reminds me of an outfit that used to sell printing franchises. They told me the name of their “technical expert” and he was someone I knew who had about two years experience as an apprentice in a little Mom and Pop printing operation. He was slightly more of an expert than the owner’s cat but not by much.


43 posted on 06/02/2011 5:21:43 AM PDT by RipSawyer (Trying to reason with a liberal is like teaching algebra to a tomcat.)
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To: MissesBush

when people briefly spent a little more with their tax refund money - they tried to sell that news as a robust recovery.

Well....the refund money is spent. Gas tanks still need filling - summer vacation plans are being revised accordingly, and next year’s heating budget plans are already being mailed out.
Not only is it bad now - it’s going to be worse than 2008.


44 posted on 06/02/2011 5:26:35 AM PDT by Scotswife
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To: familyop

teachers are getting pink slips in droves. The august unemployment numbers will be interesting.


45 posted on 06/02/2011 5:29:10 AM PDT by Scotswife
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To: arrogantsob

It did not take much pushing to incite Imperial Japan to strike Pearl Harbor.

I have a friend whose father was a US Navy Chief. In 1939 the Chief was leading an infantry company IN CHINA against the Japanese invaders. There are a few interesting tidbits that never made it into history books.


46 posted on 06/02/2011 5:33:24 PM PDT by darth
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