US economy recession

The Daily Reckoning ^ | September 29 , 2006 | Kurt Richebacher

[mustang buff]

A recession and a bear market in asset prices are inevitable for the US economy. Recent economic data leave no doubt that both are on their way.

[mustang buff]

This article explains why we're in this mess

[what's up]

Article from Sept. ‘06?

[ari-freedom]

yeah umm I’m going to trust a british gloom and doom website concerning our economy.

[ari-freedom]

yeah hahaha

[olivia3boys]

Isn’t a recession two consecutive quarters of declining growth, by definition? Have we had that yet?

[mustang buff]

yes your right. It’s dated but the contents is accurate.

[enough_idiocy]

Another self fulfilling prophecy sure to be correct at some point.

Meanwhile, GDP revised up to almost 5% last quater and near 4% the most recent quater. Looks like you’ve got at least another 6 months before this could possibly be correct.

Keep your fingers crossed!

[1rudeboy]

Well, if you understand the business cycle, it’s important to get ahead of the curve. :)

[OCCASparky]

Content accurate, eh?

http://www.marketwatch.com/news/story/gdp-revised-up-49-third/story.aspx?guid=%7BA3B91208-8075-4F75-ACE9-AE9BCFBA7AFF%7D

Yeah, economy growing at a 4.9 percent clip. We're doomed. /sarc

[enough_idiocy]

Holy crap, I missed that.

What a moron. I think some people do not know the definition of a recession. The soonest we could be in a recession would be 6 months from the next end of quarter.

[Badeye]

I’ve been reading this same ‘the end is near’ crap for eight years now in these forums.

If I believed just half of them, the economy imploded five years back, we are all now unemployed....maybe we’re just ‘dreaming’ life, ala the Matrix, huh?

(chuckle)

[Vet_6780]

That's just another gold site. They're all doom and gloom all of the time. It sells more gold if they get you to panic.

In fact, they call non-goldbugs dollar-sheep LOL.

[Thrownatbirth]

Like we need more doom & gloom from the wearisome pommies. There’s a fair amount of whining on this site about global warming and the usual liberal claptrap.

[rightinthemiddle]

Thanks for ANOTHER post about the demise of the U.S. economy.

You are either a Goldbug, a Populist, a Hillary supporter, are short the market, or are really bored.

[Lakeshark]

Fake, but accurate?

*rolling eyes*

[what's up]

Yeah, but this article is a year old. Much of what they said has already come to pass. The predictions are no longer up to date for '07.

[VOA]

“yeah umm I’m going to trust a british gloom and doom website
concerning our economy.”

Actually, the more the “doom and gloom” in the MSM about the economy...
the less I worry.
MSM prognostications are often a pretty good “negative indicator”
of where the US economy is going.

That’s not my original “insight”!
I got it from hearing the head guy at Investors’ Business Daily in
Los Angeles.
He said “most business reporters get paid for being perpetually depressed”.

When these usually depressed reporters go into “boom mania”...
that’s when I get SCARED!

[Gorzaloon]

That's just another gold site. They're all doom and gloom all of the time. It sells more gold if they get you to panic.

Trouble is, Gold futures are PAPER, aren't they?

They do not really sell gold.

[Phantom Lord]

Isn’t a recession two consecutive quarters of declining growth, by definition? Have we had that yet?

We have had more like 10 consecutive quarters of negative growth but the Bush admin is cooking the books to keep us in the dark so they can dump the problem on the next administration!

[1rudeboy]

Technically, it’s “false, but maybe no longer.” LOL