"We're DOOMED!!"
Posted on 12/10/2007 4:50:28 PM PST by bruinbirdman
"We're DOOMED!!"
Didn’t they issue a similar alert a couple years back? Maybe a year before the 2006 election?
they probably contributed.....usually deriviatives greed or this time.....the subprime markets
As soon as everyone is convinced we are going to die, things will start to get better. We have a ways to go yet.
...and yet another “expert” predicts a recession. “Experts” have been predicting a recession, for what, the past 6 years now...
We are at full employment, with record productivity and low inflation. The trade balance is improving each quarter, particularily in big-ticket items. The stock market continues upward (on long term trends) and the Christmas season is off to a strong start. Anyone with good credit can still find loans, if needed, quite easily, and at reasonable rates.
I wonder if Morgan Stanley predicted the dot-com bust of 1999?
Our recessions are equal to boom times in Europe and other places.
Sounds like someone is begging for a 1/2 point cut before the fed meeting tomorrow.
The EU loves this crap. Of course, they always predict that they will trounce the US growth rates, and then have to eat their words later. Has anyone other than me noticed that it seems to be the EU banks that have taken the biggest hit on the subprime fiasco?
It takes two negative growth quarters to make a recession. That would mean at least the middle of the third quarter 2008 before one could be official (1st and 2nd quarter '08).
If one quarter is negative and the next is not, no recession. Japan has been pullling off that stunt for a decade with no growth. Just no official recession.
Hmmmmmm. How to make a buck off this sentiment?
yitbos
I was talking to a loan buddy of mine and he said that in 2008 borrowers will actually have to put money down on new loans. Oh the horror.
Mr. Berner has obviously not looked at my region (eastern Maryland) where the demand for new housing is so overwhelming several towns are forecast to grow by 200-300% or more over the next few years.
You could always do this: DXD
If the rate is cut only a 1/4 point tomorrow, the dollar might stay higher and oil lower for a few days. If foreign investors see a likely recession ahead, weeks from now, the dollar could fall and oil rise more than that for a longer period of time.
Cut a 1/4 point, and live for today. Cut a 1/2 to adjust the dollar internationally, and live for tomorrow. January and February, as usual, are looming. Those are the months that our powers-that-be stop hiring to go south on vacations.
Ahhh...the hippie generation will go out to leave us with an economic implosion and a world war of world wars.
Let’s Live for Today
The Grass Roots
When I think of all the worries people seem to find
And how they’re in a hurry to complicate their mind
By chasing after money and dreams that can’t come true
I’m glad that we are different, we’ve better things to do
May others plan their future, I’m busy lovin’ you
1-2-3-4
Sha-la-la-la-la-la, live for today
Sha-la-la-la-la-la, live for today
And don’t worry ‘bout tomorrow, hey, hey, hey
Sha-la-la-la-la-la, live for today
Live for today
We were never meant to worry the way that people do
And I don’t need to hurry as long as I’m with you
We’ll take it nice and easy and use my simple plan
You’ll be my lovin’ woman, I’ll be your lovin’ man
We’ll take the most from living, have pleasure while we can
Baby, I need to feel you inside of me
I got to feel you deep inside of me
Baby please come close to me
I got to have you now, please, please, please
Gimme some-a lovin’, gimme some-a lovin’
Gotta gimme some-a lovin’, gimme some-a lovin’
Baby gimme some-a lovin’
Gimme some-a lovin, I need all your lovin’
Gimme some-a lovin, I need all your lovin’
Give me some love, now
I need all your lovin’
Meanwhile, exports soar. But that doesn’t sell as well as bad news.
Hey, they’ve accurately predicted the last 3 recessions all 17 times...
Has the United States had two consecutive quarters of declining growth?
No? Then, no recession.
About time for me to play hardball with my lender (regarding a fairly miniscule loan). Gotta get me some better Ts and Cs. I know this lender is hurting - they issued a profit warning. They’d hate to lose me as a customer. With my credit score and other metrics, I am in the top percentile of potential customers. Time for hardball, baby!
Thank you, Nancy Pelosi!
Vanity plate owned by newpickuptowingboatlivinginhousehecantreallyaffordguy:
LV42DAY
Funny thing, I never see him around my hood any more.
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