So all we have to fear, is fear itself?
“Ultimately, the risk resides largely in social psychology.”
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Bullcrap.
The risk resides largely on the fact we have marxists running America.
The NYT is nothing but a propaganda rag, constantly making excuses for leftwing incompetence and greed.
Not qualified, for wrapping fish with.
In other news, reading the NY Times could make one ignorant.
It is the sucking off of the life blood of these companies (capital) by the vampire of government that is killing off the markets.
FWIW Shiller called the "Dot-com" bubble and the real estate bubble. Few if any other economists did the same.
I expect the economy will start to pick up in January 2013.
Why do I get the feeling that EVERYTHING out of the NYT’s is political? Would they be advocating the error of thinking our way into another recession if a Republican was in the White House?
I swear, the desire to have sex with other men or kill their unborn children drives the Left into such contortions...
I call BS, Mr New York Times.
The risk resides in:
1. The expiration of Bush tax cuts in January
2. The inclusion of new taxes/fees for ObamaCare
3. Massive deficits doubled by huge new ObamaCare expenditures
4. The Iraq Withdrawal Lie: the US is to station the same number of troops in Kuwait and "tour Iraq" each month with different groups of those troops.
5. The Afghan Withdraw Lie: (see above for some idea of the sneakiness of these criminal politicians)
6. Cap n Trade: huge increases in costs of energy
7. Oil Spill: more increases due to fight to end gulf drilling
8. VAT tax on the horizon
Costs, costs, costs, and costs upon costs.
Doesn't give any businessman I know a warm, cozy feeling.
“Just think good thoughts! Happy days are here again! The recession is over! Get out there and BUY BUY BUY!!”
Fear of a Double Dip Could Cause One
No, fear of Obama WILL cause one.
No, not the fears of a double dip.
The reality that the current economy is in a bubble will cause the next leg down.
Stories like this are proof that they know this is just a bubble that is bound to crash. And they are already providing cover for Obammie and his Commies by trying to blame it on “fear.”
“If ya’ll hadn’t been all afraid and stuff, you’d be wealthy right now.”
This is like trying to pin the 2000 recession (tech bubble bursting) on George W. Bush for mentioning the fact that we were in a recession during the 2000 debates.
I thought they announced that there will be no double dip. Why is the NYT restarting the discussion?
And taking aspirin causes headaches.
The biggest driver of a DDR in this country lies in what happens in Europe this week. The Euro is on the verge of complete collapse, and there are persistent rumors of Germany’s imminent departure from the Euro and the EU. If that happens, prepare for a very bumpy ride in this Country...
Well let's see. We've spent billions to stop our banking system from collapsing, and all we've accomplished is slowing the collapse down.
We've spent billions for "stimulus" jobs, and unemployment is still almost 10% with the U6 around 17%.
We've spent billions in extended unemployment benefits in hope of holding people over until jobs were created. Besides the "stimulus" jobs, few have been created, and now that money for the unemployment may be running out. Those lost benefits will result in lost consumer dollars.
Oh, and those billions we spent were borrowed, and we still have to pay it back.
According to any model that makes sense, this would mean we could be heading into a double dip recession without any influence from pessimism.