Skip to comments.Economists less optimistic as early 2012 gains wither
Posted on 07/16/2012 3:48:26 AM PDT by tobyhill
Economists say the sales and profit gains of early this year are disappearing, and they are increasingly pessimistic about short-term growth.
They also are gloomy because of the potential impact in the U.S. from Europe's financial crisis, the possible expiration of the Bush tax cuts in December, and the prospect of major cuts in federal spending.
A survey by the National Association for Business Economics released Monday also found less evidence of hiring, confirming the trend in recent monthly jobs reports from the government.
In the quarterly survey of 67 economists who work for companies or industry trade groups, 22 percent reported rising employment in July, down from about 30 percent in the last three surveys and 42 percent a year ago. On the positive side, only 9 percent said employment was falling. The rest said it was unchanged.
(Excerpt) Read more at foxnews.com ...
Expiraton of Bus Tax
and Obama's excuses
Our media is silent, about exporting work.
We continue to lose jobs yet our media is silent.
STOP SELLING OUT.
Who would have guessed. Businesses want to hire just because it’s been a long recession, and they want to be on the leading edge of the recovery. With Obama in office, it’s not a capitalist competition to deliver goods and services of value to willing customers, it’s crony “capitalism” where all that matters is connections. Customers will come by compulsion, and no employer wants to make himself a target for that compulsion by expanding. The economy is dead until Obama is out of our White House and liberty is restored.
Gee!.....Most here on FR never realized we were all “Economists” and scooped the MSM by 3yrs....Maybe they should all follow FR and learn whats gonna happen ahead of time...We've already written their copy for them...
These days, any optimistic economist is a fool.
Sat. on Kudlow, they were discussing that businesses are not making big capital investments, like new factories, new computer systems and software, and new departments with the commensurate hirees. Instead they’re just nibbling around the edges with small improvements.
The consensus was that knowing that we could possibly have another four and a half years years of anti-growth, anti-free market policies, businesses are not going to stick their necks out. They’re going to hunker down and do what they have to for survival.
If Romney is elected, they think the economy will take a big step forward.
No Suprise !!!!!!!!!
And do Americans show any sense of outrage? Hell no.. not so long as they get a bundle of freebies from the gub`mint.
Although they are less optimistic, any bad news which comes along will still be deemed “unexpected”.
Same thing going on with small businesses that are still around.
No point in taking risk now.
This whole economic collapse has been, for me, like watching a movie I’ve seen a hundred times. The boy loses the girl, but you know he’ll get her back and how he’ll do it, because you’ve seen the movie.
And that is how this collapse has been in many ways. They said it was over, and it was getting better. But I’ve seen the movie. They were lying. They understand that the whole thing survives on faith. Faith is what allows an economy based on fiat money to function at all. And the world’s economy is ALL based on fiat money.
Add to this the simple fact that fiat money is loaned into existence and its need for continuous growth, and a massive credit bubble burst, and there is only one sane way out: contraction. The insane way out is inflation followed by hyper-inflation.
Fiat money ALWAYS collapses, and that is exactly where they world’s currencies are going right now, as I type this. So when I see “great news” about the economy, I’ve seen the movie. I know what comes next: Unexpected repeat of the earlier downturns. The title of this thread, for me, was definitely NOT unexpected. I was merely waiting it out, as I have been waiting out other headlines that I know are coming.
If you look back over the last two years of economic headlines, you will see repeating themes that are so familiar that sometimes, as you read them, you think you’ve gone back in time a month, 3 months or a year. An example: markets down on Greece concerns. Markets skittish on Greece fears. Etcetera.
And since day one, plenty of economists acknowledged that it is not just Greece, nor are they the one we should most fear.
We are in for a very, VERY bumpy ride. Oh, and the headline I firmly expect to see in the not too distant future is along the lines of an old one many of you may remember or have read about:
HITLER OPENS WAR
Poland Attacked by Land and Air
Britain, France Mobilize
September 1, 1939
This is our future. No, it won’t be Hitler attacking Poland, but it will be similar, and it will be worse in that it will be the beginning of a war that will be MUCH worse than WWII.
It is how this sort of thing “comes to a head”. It’s what we do, we humans. It’s the reason we can’t do contraction. Contraction is voluntary. Not only do our politicians not have the courage to do it, but if any do, the electorate gets rid of them at the first opportunity.
So we end up with the involuntary solution. And we will. We all will.
Ok, Economists, no need to have irrational fears. There are plenty of real problems to worry about.