Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SeekAndFind
The article mentions some fact w/ regards some of the influences that brought about The Great Depression. However, the article basically is trying to paint a rosy economic outlook (US and the globe), basically disregarding any information that is public w/ regards to information like BDI (Baltic Dry Index) U6 unemployment, housing and commercial real estate, the DOW, retail sales, demand for oil, unbridled federal goobermint spending w/ states now raising taxes during a recession (not good), and worse yet, federal pork/bailout with goobermint taking partial ownership.

Add to that the US Treasury 'printing' more money to monetize US debt (hyper inflation component for the formula for disater).

Lot's more pain is coming in the form of hyper-stagflation.

It's not one piece of information or news article that's pimping the doom & gloom, it's several interdependent pieces of the puzzle that are coming together for no economic growth in the foreseeable future plus an incompetent administration and crooks at the helm.

3 posted on 04/20/2009 7:00:43 AM PDT by RSmithOpt (Liberalism: Highway to Hell)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: RSmithOpt

[It’s not one piece of information or news article that’s pimping the doom & gloom, it’s several interdependent pieces of the puzzle that are coming together for no economic growth in the foreseeable future plus an incompetent administration and crooks at the helm. ]

Here’s what scares me. You have your list of doom and gloom indicators. I have a list that overlaps but is different. All I see out there is bad JuJu long term. Pension funds belly-up, consumer debt out of control, capital gains tax up, commercial real estate collapse, etc. etc. Bad JuJu everywhere, and still people predicting recovery in late 2009. I just see a suckers rally.


6 posted on 04/20/2009 7:26:55 AM PDT by FastCoyote (I am intolerant of the intolerable.)
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson