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A second half recovery is suddenly not a sure thing (green shoot is no shoot)
Market Watch ^ | 07/05/09 | Greg Robb

Posted on 07/05/2009 6:36:38 AM PDT by TigerLikesRooster

A second half recovery is suddenly not a sure thing

An end to the green-shoot rally?

By Greg Robb, MarketWatch

WASHINGTON (MarketWatch) -- For months, policymakers from Federal Reserve Chairman Ben Bernanke on down told investors that a second-half recovery was a safe bet.

Investors, optimists by nature, eventually bought in.

But now, even though the second half has actually arrived, the curtain on the recovery has so far remained down and questions are being raised on whether it will go up at all.

Suddenly notable economists say the whole thing might not happen. Others, including Harvard economist Martin Feldstein, predict the curtain may go up for a brief period but then go crashing back down.

What gives?

It turns out the "consensus" of a second half recovery was never very solid.

This is how economists put it.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: fizzle; greenshoot; obamageddon; recovery
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OK, there goes a financial talking point de jour.

What will be the next? Green shoots in China?

1 posted on 07/05/2009 6:36:38 AM PDT by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
Panda ate green shoots:


2 posted on 07/05/2009 6:40:44 AM PDT by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster
There will be no recovery until all of the traitorous economic attacks of hussein are reversed by defeat at the ballot box... therefore it may never happen.

LLS

3 posted on 07/05/2009 6:41:51 AM PDT by LibLieSlayer (hussein will NEVER be my President... NEVER!!!)
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To: LibLieSlayer
Dems ate all green shoots.
4 posted on 07/05/2009 6:43:16 AM PDT by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster
I got your 'green shoots' right here!
5 posted on 07/05/2009 6:46:03 AM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: TigerLikesRooster
Economist on Fox News this AM says we are headed towards the biggest depression in US history by 2012 ("Obamageddon"). All created by Obama and his Dem henchmen who, one notes, are all personally very rich and are insulating themselves from the rest of the economy.

Rent a copy of "Zardoz."

6 posted on 07/05/2009 6:48:03 AM PDT by pabianice
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To: Diana in Wisconsin
Wow, dried to crisp. They could make nice hay, I hope.
7 posted on 07/05/2009 6:48:32 AM PDT by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster

thre’s a lot of talk about a recovery by just saying that it will happen. Problem is these yahoos haven’t given any clear explanation as to what they think will happen to cause a turn around. There has not been anything that really has pointed to a recovery other than some stabilization of housing market. But even that is not a sign of a recovering market. We still have massive job lay offs. Is any company doing any significant hiring? NO! What about commercial real estate? I live in a very heavily populated city and I am still seeing store fronts that haven’t been rented out in over 9+ months. WE have been sold a bunch of crap from these so called smart guys in the WH and Treasury. But this will all be the Democrat’s legacy. One of supreme mismanagement that led to even greater turmoil.

And the problem is the pubes are still scrambling to find a voice to articulate the alternative views. We are seriously screwed.


8 posted on 07/05/2009 6:50:52 AM PDT by MAD-AS-HELL (Hope and Change. Rhetoric embraced by the Insane - Obama, The Chump in Charge)
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To: TigerLikesRooster

Actually, there is a global recovery happening. The market is finally learning this recovery didn’t invite the US.


9 posted on 07/05/2009 6:51:02 AM PDT by Cheap_Hessian
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To: pabianice
Obamageddon

LOL. A nice slogan for conservatives in 2012 election. Come to think of it, we need a dozen guillotines at Lafayette Park in Jan., 2013. We have to collect some heads.

10 posted on 07/05/2009 6:52:03 AM PDT by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster

No that is where our jobs are going. The green shoots are actually weeds. What has been under reported, is the fact banks have more than $5 trillion in bad assets. They are being kept off the books for the moment.
Some recovery may occur, but we are going to be facing higher taxes. In that climate the consumer has less money to spend. With the volume of tax increases being looked at, we will all be poorer. If you believe the lie about 3.5 million saved or created jobs, then he still has a negative 3 million jobs. With small business unable to borrow, it will be exceptionally hard, to grow our economy anytime soon.


11 posted on 07/05/2009 6:53:12 AM PDT by wbones8765 ("Give me liberty or give me death")
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To: Cheap_Hessian
Not really true. Some niche economy in the world is doing OK. Asia is living off Chinese stimulus for now, which will dry up soon. No real green shoot to speak of.
12 posted on 07/05/2009 6:54:58 AM PDT by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster

Recovery?

What recovery?

lmao

The Obummer administration to the American people: “We don’t need no stinkin’ recovery”.


13 posted on 07/05/2009 6:56:25 AM PDT by Ev Reeman
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To: TigerLikesRooster

“Unlike after the last three recessions, this time government cannot fire up the economy and a new speculative bubble, and then back off and let the bubble generate the paper wealth and credit to keep profits flowing into the business sector and the economy expanding,”

It’s not just consumers. The banks also realize that a massive wave of foreclosures is coming in the wake of the Option ARMs and Alt-A mortgages. How this reality is ignored by these economists is just beyond me. These banks are by no stretch of the imagination on safe ground.


14 posted on 07/05/2009 6:57:04 AM PDT by CaspersGh0sts
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To: CaspersGh0sts
When I see Obama on TV, I suspect that he can look serenely calm because he has no clue.
15 posted on 07/05/2009 6:59:48 AM PDT by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster
The burden of debt, spending and taxes alone weighs like an anchor on the neck of the economy. Each gigantic bill that passes the Congress makes it an order of magnitude worse.

The problem with trying to magic our way out of financial problems is that the Chinese won't support this nonsense forever. If they stop buying our bonds, the game's over. They don't want to do that, but they'll reach a point when they decide that they're throwing good money after bad.

All these smart guys predicting a recovery are too smart by half. Their predictions are based off of insanely optimistic or ideologically forged assessments. Out of desperation, they're squeezing the goose that lays the golden eggs, and it's starting to choke.

16 posted on 07/05/2009 7:02:59 AM PDT by Steel Wolf (Oh, well. Back to the drawing board....)
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To: TigerLikesRooster
An end to the green-shoot rally?

The 'green shoots' are shot! You may quote me!

17 posted on 07/05/2009 7:07:39 AM PDT by Don Corleone ("Oil the gun..eat the cannolis. Take it to the Mattress.")
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To: Steel Wolf
Some people's intelligence shines best when they spin and rationalize their insane screw-ups.
18 posted on 07/05/2009 7:09:24 AM PDT by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: MAD-AS-HELL
"And the problem is the pubes are still scrambling to find a voice to articulate the alternative views."

They're busy (too) filling their pockets with your cash. Burn the whole damn place down.

19 posted on 07/05/2009 7:10:50 AM PDT by blam
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To: TigerLikesRooster

Eats, shoots, and leaves!


20 posted on 07/05/2009 7:13:09 AM PDT by Jagman
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