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 ...
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.
When hyperinflation sets in, and it will with those kinds of deficits, what will $3 Trillion be? $10 quadrillion?
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?
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.
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!
That's what Statistics will do for you: going from 1 cent per share to 2 cents per share is a 100% "rally". Righhht!
Cash for clunkers costs three times what they estimated - and that was only months before... and completely under their control...
You’re right - that’s how they’re acting - last Christmas...
Heesun Wee? Sounds like Jar Jar describing Obama. “Heesun wee wee’d upoosa!”
Dept of Ag announced Thursday farm income is down 38%.
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.
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