Posted on 03/02/2009 10:46:21 AM PST by Kartographer
A year ago Roubini was forecasting an 18-month recession with a U-shaped recovery; now, he's now expecting the downturn to last at least 24 months and possibly 36-months. He also sees rising risks of a Japanese-style L-shaped stagnation, i.e. a prolonged period with little or no economic growth.
(Excerpt) Read more at finance.yahoo.com ...
I am not sure he is over pessimistic.
The only way OUT that I can see is with Obozo OUT!
Not before. He intends to destroy the U.S. to subject us to a Global Government.
It is an almost-declared War against the citizens of this nation.
I will not be a “good little dhemmi”!
How about a ‘\’ shaped depression where people will be going to ConsumerReports to determine the best locations for flint and tips on how to get the most off what’s left of a carcass from a cow attacked by wolves.
I have a bunch of flint, novaculite and obsidian in my basement.
Left-over from Y2K (just kidding—I used to do flintknapping for fun).
Quote of the Day The late Dr. Adrian Rogers (1931-2005) offered the following observation several years ago and it bears poignant significance today: You cannot legislate the poor into freedom by legislating the rich out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend is about the end of any nation. You cannot multiply the wealth by dividing it.”
Whoever left this nugget on their comment board hit it on the head. Was it a freeper?
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