Good morning campers and it's a beautiful morning! Stock index futures (metals too) may be a bit off but this morning's doom'n'gloom crash talk is here to prove that we're still climbing our 'wall of worry'.
Posted on 05/11/2015 3:38:46 AM PDT by expat_panama
Historic slowdown looms as GOP fiscal policy lets economy choke
Warning bells just keep getting louder and louder as the countdown to the Crash of 2016 keeps ticking. Wall Street’s in denial, but the Washington Post warns: “U.S. economic growth slows to 0.2 percent, grinding nearly to a halt.” USA Today hears “Bubble Talk” at the Vegas “Davos for Geeks.” Earlier the Wall Street Journal warned, “declining population could reduce global economic growth by 40%.” Then recently the “slow-growth Fed” was blamed.
Wrong, former Fed chief Ben Bernanke counterattacked: “I’m waiting for the Journal to argue for a well-structured program of public infrastructure development, which would support growth in the near term by creating jobs and in the longer term by making our economy more productive.” But for years the Fed “has been pretty much the only game in town as far as economic policy goes.” Today “we should be looking for a better balance between monetary and other growth-promoting policies, including fiscal policy.”
Fiscal policy? No, Ben, not a chance. The GOP controls economic policy. And they will never give “growth-promoting fiscal policy” victories to President Obama and Hillary Clinton before the presidential election of 2016. Never. In spite of Bernanke’s obviously rational solution to the core problems of the American economy, one that would help the American people, the GOP will never, ever agree to fiscal stimulus programs that give the Democrats bragging rights and make Obama and Clinton look good before the elections.
The GOP is hungry for power, very hungry...
(Excerpt) Read more at marketwatch.com ...
It's a rhetorical question.
There maybe should have been a barf (mild) alert put on for this article. More silly nonsense about how Republicans were responsible for the crash of 2008 and the one coming in 2016, so that the Democrats’Evita can come save us.
Everyones talking but the market is supported by “free money” and corporations buying back their own stock with said “free money” ,, sure the economy is in the crapper ... when will it end? Ask Japan... we may grind it out for a long time,, if we do then we end with a whimper ,, just as Japan has been destroyed .. their young people are doomed... and they act like it refusing to have children.
Good morning campers and it's a beautiful morning! Stock index futures (metals too) may be a bit off but this morning's doom'n'gloom crash talk is here to prove that we're still climbing our 'wall of worry'.
The Dow with QE coupled the reality that there is now other place to invest cash, is not going to crash. And now that the Dow is 10,000 points above when Obama took office, there could not be a crash that takes us back to a Dow below 10,000.
It's one that points to the absurdity of the entire fed/market meme going around. Related: Janet Yellen’s market remarks go beyond her authority.
THERE IS NO ECONOMIC RECOVERY!
Unemployment is in reality somewhere between 15%-20%, and of course Obama has been lying about it the entire time. More blacks and women are out of work, yet Obama is flooding the job market with hispanics, latinos and replaced muslims, minorities loyal only to him, and these minorities are being given all of the jobs people like you and me once held. If we lose our jobs, we're S.O.L.
I agree with the article, there will be a stock market crash and when it does it'll make the 1930's depression look like a cake walk.
You're absolutely right. I owe everyone a free keyboard cleaning.
I don’t know if a mild barf alert would do this article credit. I think it deserves a full barf rating.
Blaming it all on the Koch brothers... it passes the Moron Test with barfing colors.
If his didn't, hers don't.
LOL!!!!!!!!!!!!
Terrific, For some reason I hadn’t been familiar w/ the name, only the song’n’dance. The guy’s got an impressive resume of work in journalism, but seems there’s nothing about him actually having studied economics anywhere...
Exactly. I still hear folks praise Sir Alan’s stockmarket wisdom oblivious to the fact that the ‘exuberance’ comment was followed by years of double digit returns. Then, as the dot.com bust approached the only worry on Sir Alan’s radar was Y2K.
Unless and until everyone who says that a “crash” is imminent belly up to the bar and put their money down short, they’re just running their mouths.
Farrell loves, LOVES obama. Nuff said.
Except he's also apparently got a hatred for Republicans that's downright pathological.
The idea that the market climbs a wall of worry comes from the fact that the negativity is a contrary signal because we’ve obviously still got folks that have haven’t bought in yet.
bmp
Janet could STFU !
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