[Kartographer]

"Dat OK 'Bama' gib me bling, so why's I b' work'n for it?"

[Kartographer]

Ping!

[Starboard]

Zero Hedge: a lone voice of economic sanity.

[RoosterRedux]

I think the economy has been on the bottom for quite a while now. By that I mean that risk taking is at a minimum and people are doing what they can do to simply put food on the table. There is certainly an exception in high tech for which markets are always open.

Bottom line, we are already collapsed for the most part.

Once the U.S. can see the departure of the illegal Obama (illegal in everyway...even his stolen election)...the economy will explode with real hope and energy.

[CodeToad]

Anyone NOT prepping isn’t paying attention. I would be scared to death to be living paycheck to paycheck.

[greene66]

With amnesty, fag-marriage, and impending Obamacare...

Let it collapse! Can’t say I give a damn.

[tumblindice]

Celebrate gotterdammerung. Bring it on.

[Billthedrill]

The answer is clear: we'll have to raise taxes.

[proxy_user]

That’s legal after-tax income, boys and girls.

That pile of fifties on the back shelf doesn’t count.

[drypowder]

picture the US economic situation as a hole in the ground and the larger the debt, the deeper the hole. In comparison, this government has dug a hole completely through from one side to the other side of the earth. So, now what??

[NonValueAdded]

There has been a substantial increase in the price of basic food items recently. For example, cans of soup are up 25% and this at WalMart.

[Xenophon450]

Austria was successful in pushing through policies that are popular all over the world. Austria has the most impressive records in five lines: she increased public expenditures, she increased wages, she increased social benefits, she increased bank credits, she increased consumption. After all these achievements she was on the verge of ruin.

~Fritz Machlup

[AZLiberty]

You made me think of a new title for an old song: “Gimme dat bling”

[Venturer]

We are spending Confederate money right now. Nothing stands behind the dollar but the Governments word, and that is not worth anything.

[Logical me]

I decided to not hold my breath. Better get used to the way it is. As long as the communists hold the cards, it will be damn hard to crash for many months now. Might even be years.

[BfloGuy]

This is the crux of the US’s current economic woes: consumer-spending accounts for roughly 70% of our GDP. And QE does nothing to help incomes, which drive consumption.

That's not true, of course. The GDP equation was designed by Keynesians who insist that consumer spending drives the economy. They intentionally left out business-to-business spending which is usually larger than consumer spending.

Consumer spending is really about 30% of overall spending and business-to-business spending runs about 40% of GDP. If that were broken out, we'd get a much better picture of how recessions start. Consumers spend pretty consistently, businesses not so much.

[pacobell]

At least we finally have man on man marriage.

[wny]

Recovery? You kip usin’ dat word. I dunt dink it means what you dink it means.

[Reeses]

The people that believe CO2 going up 0.01% of the atmosphere over 100 years will lead to the destruction of civilization are the very same people that believe a sudden 2% payroll tax hike won’t hurt a bit.

[cicero2k]

Treasury yields will pull back in a few days and it will become apparent (again) that assets (US stock and real estate) offer the only returns that have a change of beating inflation.

[MarkL]

I won't be contributing to the recovery this coming year... Due to the "Affordable Care Act," I've got to figure out how to cut my spending by at least $5000 for increased medical expenses in the coming year. Hopefully I won't have to "dip into" my savings, but I may have to cut back on or even halt my contributions to my company's 401K.

Mark