This is the BIG GAMBLE, democrats think the economy will bounce back by the mid terms or 2012, Republicans are hoping Obama`s neo-marxist policies will continue to tank the economy leading to landslide victories.
I predict any uptick in the economy will lead to Republicans being the minority for the next 2 generations.
And I just can`t see how the economy will continue to slide for 2-4 years.
I can. Especially with Obomba and his minions in charge.
And I just can`t see how the economy will continue to slide for 2-4 years.
Uh I can.. Obama makes Jimmy Carter look like a genius. I make plenty of money and im not spending a dime for the next two years, with the exception of guns, ammo, rice and beans. No one I know is going to spend any money. The collapse is just getting started friend.
With carbon taxes, I don’t see how the economy can ever recover as the cost of fuel will be too high to allow the auto industry to recover.
It is easy to see US economy in the tank for 5+ years. Banks cannot loan until bad assets (foreclosed homes) are cleared from the books before they can release credit for new loans. Problem we have 4 years worth of foreclosed homes on bank books. About 30 percent are listed on MLS and they are not moving and depressing the sales price of regular homes. The other problem is the average American is maxed out on his credit cards, and 25 percent who own homes have a negative mortgage. The others are maxed out on their equity assuming the price of homes do not decline anymore. Experts say it will take 10 years to recover the lost equity. So how is the consumer going to spend money when credit cards and home equities fueled their spending in the past. Consumers and baby boomers are all going into savings mode. This summer the 5 year balloon mortgages for commercial real estate are due. Malls and office buildings are overbuilt and are suffering from high vacancy rates. Many developers are already late with their monthly payments and most likely will default on the balloon payment due. Our banks barely covered their losses from residential real estate with fed infusion of money will become insolvent again as the commercial real estage mortgages default. Add to these woes is the first wave of unemployed people will reach the end of their unemployment benefits by this summer, thus credit card defaults will rise. Guess who will get hit with additional losses, the barely solvent banks. China a major buyer of US treasuries is in the middle of a decoupling economic strategy by stimulating rural farmers to consume Chinese made goods. China is also redirecting her exports to other cash rich nations who can afford to buy her “junk”. The former Soviet turkish republics, and India are going to be her new cash rich consumer market, and Russia will become her source for oil and military technology as China barters with her cash/consumer items with Russia. About 24 months from now we will know if China’s creation of a Sino economic sphere alternative to US markets is successful or not by how much US treasuries she plans to buy as BO attempts to finance his growing fed programs. If successful China will walk away from the US economic arrangement and buying of US debt because our consumers are broke and our government is broke. The result for the US is hyperinflation.