Posted on 07/26/2009 7:16:10 PM PDT by sickoflibs
RE “makes things seem tolerable through the mid-term elections. “
That is the plan!
Probably, but how far, and for how long?
Link: Meyer Sees No Return to ‘Full’ Employment Until 2015
The stock market will be higher.
Whoop dee doo, Goldman Sachs will make money as they prepare to steal money from us with the crap and trade scam.
I have a headache reading all that.
http://craigslol.com/straight-male-seeks-obama-supporter-for-fair-physical-fight-m4m/
ping
Monday the Obama administration and China begin talks- namely on currency tensions, the US budget deficit and the massively huge trade gap with China. China, in addition to the hundreds of billions of low-cost, high-labor manufactured goods they?ve come to be known for; are importing 150 Chinese economic officials, in one of the largest visits ever to the United States.
The stock market is going up simply because so much money is created is a disincentive for savings, low interest rates just like 2002. Everything else being done now is anti-jobs.
At the gym today an Obama supporter told me that the rising stock market was recovery too. Imagine what dems would say if Bush were president and both the stock market and unemployment were rising.
Cheers!
I'm thinking you might be right. With the number of unemployed, both those receiving and not receiving benefits, the holidays may end up being a huge bust for retailers. Granted, the retailers don't even remotely understand supply and demand, with their typical increases in revenue year after year.
Nowhere near. But it is headed that way and when it does the obama worshippers will be crying and bawling to go along with being homeless, jobless, and out of money and food to eat. But that is what they voted for.
What is this "free capitalist economy" you speak of?
Where is it?
I'd like to go there.
The number of new retail vacancies in my area, in just the last month or so, is sobering.
The reduction in retail traffic is stark as well.
[will any of these baying idiots shut up about it, or admit they were wrong? ]
I’m just wondering when you will admit you were wrong. We are no longer so capitalistic as we once were and overcoming the monetary, regulatory and tax stress is a severe burden. Those baying idiots were quite correct about the current depression, I suspect taking their heed is much less idiotic than following your lead.
This gives rise to the obvious question: What happens when the next massive shock comes, while we are in such a precarious financial state??
I’m not borrowing trouble nor am I wishing it upon us, but what happens if we get a repeat event of the magnitude of 9/11? It doesn’t have to be another terrorist attack, although another attack that shuts down the airlines for a week or so would do it....
What happens when Iran’s nuclear facilities are leveled by the Israelis?? Iran’s reaction could also be a trigger.
Even another massive hurricane hit on the US would be enough to push some state economies right off the deep end.
What’s scary is that we have no reserves, and in an emergency the only way for the US to raise large sums of cash is by selling more bonds to the Chinese....until they decide to quit buying them....
National banks like Chase are still closing credit card accounts for no reason other than to try to improve their immediate balance sheets.
Banks and lenders are failing to complete foreclosures because they cannot afford and are not staffed to handle the large number of foreclosures.
Mortgage loans are at a near standstill as the mortgage industry has squeezed good buyers out of the market with draconian loan rules and regulations. New housing starts are dead.
These are hardly a business practices that suggest a stronger economy.
BP and Shell, the oil giants, will this week release results that analysts expect to make "grim reading" because of lower global demand for oil."
[snip]
There will not be a recovery PERIOD, until we get rid of Obama, and reverse his policies.
This is a very comforting chart. /s
I am in agreement with this guy.
I just cannot believe anyone is even thinking of negative interest rates. Talk about a run on the banks.
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