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 ...
What will be the next? Green shoots in China?
LLS
Rent a copy of "Zardoz."
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.
Actually, there is a global recovery happening. The market is finally learning this recovery didn’t invite the US.
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.
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.
Recovery?
What recovery?
lmao
The Obummer administration to the American people: “We don’t need no stinkin’ recovery”.
“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.
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.
The 'green shoots' are shot! You may quote me!
They're busy (too) filling their pockets with your cash. Burn the whole damn place down.
Eats, shoots, and leaves!
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