who is Albert Edwards and why should we believe his crystal ball
no one can foretell the future and I am sick of this bull hockey
I like this article. But the way I see it, businesses became very profitable because new technologies and new anything is really cheap (thank you china) and very good (thank you USA designers).
However, businesses have already implemented the cap ex they wanted to and now the chart shows capital expenditures to be declining.
This means going forward, there will be very slow growth if not a recession.
“no one can foretell the future and I am sick of this bull hockey”
Listen to Rush. He does it with liberals and he’s right
ninety something percent of the time.
no one can foretell the future and I am sick of this bull hockey
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There is no crystal ball reading, he shows what has happened for the last several years. If you do something over and over again and expect to get different results I think they define you as crazy. We have been doing the same thing for the last 5 years over and over, more government takeover of the economy, more taxes, more regulations.
Entrepreneurs are leaving France in droves for the same reason. This economy will not start a recovery while Democrats are in charge.
As the wonderful Margaret Thacher said, Socialism only works until you run out of other peoples money. We are running out. There more employable people not working in this country than at any time in Her history, there are more people living on Social Security than at anytime in our history. There are more people living on Government Disability than at any time in the history of the country. There are more people on food stamps than at anytime in the history of the country. There are more people receiving unemployment "insurance" than at any time in the history of the country. How is it paid for? Partially paid by taxes but 40% is borrowed from our grandchildren.
These things are not a crystal ball but writing on the wall.