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.
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.
“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!
To me, it's all in the fundamentals. And the fundamentals speak nothing but doom these days.
And remember, Mr. Market is always right.
Green shoots my ass.
For months, policymakers from Federal Reserve Chairman Ben Bernanke on down told investors that a second-half recovery was a safe bet.
What else would they say? Would they say the second-half will be a disaster because of the idiot in the White House? They can't say that.
Pretty bad when the Fed Chairman has to lie to the American people.
Global warming policies and mentalities cause economic freezing. Those green shoots are watermelons.
Well, housing led the ‘recession’, and many say housing will lead us out of the ‘recession’. Gubmint is vacuuming up all the mortgages it can thru Fannie and Freddie. Fannie is now offering mortgages at 125% financing over ‘real’ value (subprime on steroids)...subprime era only 104% was available...more of these will fail than the original subprimes. Govt. is all about redistributing its inventory, and apparently, its’ troubles. Redistributing has never lead to a recovery and never will. How can govt. owned real estate at imagined values not validated by a free marketplace lead to ‘recovery’ at any time?