The list, Ping
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Can you have a recession inside of a depression?
The Great Obama Recession never ended.
John Hussman has been bearish since 2008. I ignore him.
The Obama/Hillary Great Recession. Even low information voters get mad when they can’t find work or don’t get raises.
If you like your economy, you can keep your economy— Barack Obama, 2016 State of the Union speech.
I was watching the Korean news over the weekend. Korean President Park Gun-hae’s government has realized that the recession is already here, and she has made it a priority for her government to counter it by calling for increased assistance to Korean businesses and technology. She’s been making speeches about it to the National Assembly and others the past few days. They see it as an opportunity to advance their country as others may falter. Her latest speech said the Korean people will hold the assembly responsible if they don’t take strong steps to fight against a recession.
Meanwhile, in Obama’s America, he completely denies that there is anything wrong. And this is why, boys and girls, America is getting pounded over and over again. A government that simply ignores reality and does nothing to honestly try to correct problems (such as assisting business, reducing taxes and regulation, etc.). Instead, we are told we have to worry about global warming and white privilege as the core problems of America.
P.S. By the way, President Park works her butt off compared to lazy-ass Obama.
cooked books
The only thing keeping us out of a recession is the Fed’s printing and bond buying. It looks like all that did was delay the inevitable.
I think most of us have known that this last 7 years would not end well. The recession that never ended will now probably be the depression it really was all along.
An economy based on servicing each other though is no basis for prosperity. Obungo just flogged it to death. Like running an engine without oil until the bearings burned instead of caring for it until the oil pump could be fixed. The seeds of this failure were planted before obnungo though. I saw it 35 years ago when the steel belt became the rust belt and jobs started being off-shored. We have been marking time since then. When the people that make stuff can’t afford to buy it and the people who buy it are doing that on credit the wealth of the nation is being harvested. Nothing is going back to the soil.
The boomer generation will pay for what the silent generation started and the hippies finished and they will never recover. I am one of them.
Trump proved today, if there ever was a doubt, he is just another politican. I actually was fool enough to have a little hope for just a little while. The ethanol pandering went too far, the Cruz bashing has gone from what I thought was a little game to win at any cost and just mean and pointless. A fine example of the new york way.