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"We're Going Right Back Into The Tank" (Barack Obama's numbers have all gone mad)
Business Insider ^ | 08/27/09 | Henry Blodget

Posted on 08/28/2009 9:10:53 AM PDT by TigerLikesRooster

"We're Going Right Back Into The Tank"

Henry Blodget|Aug. 27, 2009, 11:47 AM|33

Heesun Wee, TechTicker: When retail expert and all-around economy watcher Howard Davidowitz appeared on Tech Ticker in February declaring the worst was yet to come for the U.S. economy and that Americans' standard of living has changed permanently, our comment boards lit up.

But surely with the latest rally off the March lows, bearish Davidowitz is more bullish, right? Not a chance. Look at your financial history books.

Two of the biggest rallies of more than 40 percent occurred during the Great Depression, says Davidowitz of Davidowitz & Associates,a retail consulting and investment banking firm. "People were sucked in and ultimately were destroyed," he says. It's a warning to today's investors, who are hoping to extend the rally.

Don't get Davidowitz started on the economy or fundamentals. "Barack Obama's numbers have all gone mad," Davidowitz says.

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


TOPICS: Business/Economy; News/Current Events
KEYWORDS: bearrally; economy; stock

1 posted on 08/28/2009 9:10:54 AM PDT by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
And, the proposed price tag for health-care reform? "Minimum $3 trillion," Davidowitz says. "One trillion? Are you kidding?"
2 posted on 08/28/2009 9:11:42 AM PDT by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster

From what I have read things are going to get worse. Hyper-inflation is right around the corner if the Feds don’t reign in the money supply.


3 posted on 08/28/2009 9:13:35 AM PDT by Parley Baer
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To: TigerLikesRooster
"Minimum $3 trillion,"

When hyperinflation sets in, and it will with those kinds of deficits, what will $3 Trillion be? $10 quadrillion?

4 posted on 08/28/2009 9:14:21 AM PDT by The Sons of Liberty (FUBO - No socialist Bureaucrat on a Death Panel is going to decide whether I live or die!)
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To: The Sons of Liberty

Let’s see if I got this right. Our disciplined, dedicated marxist POTUS, BO, was off 133% in GDP loss for ‘09; reduced growth estimates for ‘10 by 60% was 18.75% and rising on unemployment; and 28.5% off on HIS deficit estimates and we’re to believe this nationalization of healthcare is going to not only be revenue neutral, it’s not going to require a seperate payroll tax, like medicare did, spend by more than a factor of 10, like medicare did, and have annual increasing premiums like medicare does.These marxist “economic experts” would screw up a 1 car funeral. They couldn’t sell ice water in the desert for a profit(too many regulatory requirements). They expect us to just take this lying down? Really?


5 posted on 08/28/2009 9:25:46 AM PDT by easttennesseejohn
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To: easttennesseejohn
If a majority of people do not buy his BS, his gov. will take control over Internet and we will be fed “happy talk” forever. U.S. will become China and Obama will be our first “Big Brother.”
6 posted on 08/28/2009 9:35:43 AM PDT by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: The Sons of Liberty

Well, hyperinflation can only happen if all those printed dollars find their way into consumer hands to drive up prices in an inflationary spiral.

I don’t see it happening, since the .GOV looters and their bankster cronies are simply hoarding all the money that they are literally stealing from us gunpoint.

That said, in a way I hope we DO see hyperinflation. If you have a mortgage for a house you can’t sell, hyperinflation is your friend.


7 posted on 08/28/2009 9:58:53 AM PDT by Zeddicus
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To: Zeddicus

hyperinflation can only happen if all those printed dollars find their way into consumer hands to drive up prices in an inflationary spiral.

Many of us who have seriously increased our ‘savings’ habits are well aware of that.
TPTB seems to want to inflate their way out of this mess.
Let the games begin!


8 posted on 08/28/2009 10:23:17 AM PDT by griswold3
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To: TigerLikesRooster
Two of the biggest rallies of more than 40 percent occurred during the Great Depression

That's what Statistics will do for you: going from 1 cent per share to 2 cents per share is a 100% "rally". Righhht!

9 posted on 08/28/2009 10:29:31 AM PDT by Nevermore (...just a typical cracker, clinging to my Constitutional rights...)
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To: TigerLikesRooster
"One trillion? Are you kidding?"

Cash for clunkers costs three times what they estimated - and that was only months before... and completely under their control...

10 posted on 08/28/2009 10:58:32 AM PDT by GOPJ (Giving money to government is like giving whiskey and car keys to teenage boys-ORourke)
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To: GOPJ
The way Zero's admin is behaving makes me wonder whether liberals feel that this is their last Christmas, and get all the presents now, never minding the consequence.
11 posted on 08/28/2009 11:00:50 AM PDT by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster

You’re right - that’s how they’re acting - last Christmas...


12 posted on 08/28/2009 9:37:05 PM PDT by GOPJ (Giving money to government is like giving whiskey and car keys to teenage boys-ORourke)
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To: TigerLikesRooster

Heesun Wee? Sounds like Jar Jar describing Obama. “Heesun wee wee’d upoosa!”


13 posted on 08/28/2009 9:38:38 PM PDT by Rastus
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To: TigerLikesRooster

Dept of Ag announced Thursday farm income is down 38%.


14 posted on 08/28/2009 9:41:44 PM PDT by Brugmansian
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To: TigerLikesRooster

That increases the importance of the 2010 elections. I doubt we’ll be like China, they have people there who know how to grow an economy, we don’t.


15 posted on 08/29/2009 9:28:39 AM PDT by easttennesseejohn
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