Sincere best wishes, but in the Second Wave is coming - even Primes are going to default, let alone the resets on the Alt-As. Get ye a bunker mentality and use the improving scene to position yourself vis a vis food storage and cash.
Posted on 10/22/2009 6:32:22 AM PDT by frogjerk
I think that the actual numbers would at least double that. But I do not believe anything that a member of obama’s cartel says. Nor trust anything they do.
Tuesday I drove up I95. There was some little work being done on a bridge in Connecticut. They had the right hand lane coned off. About every football field length was a Connecticut cruiser with trooper parked with lights on. About four of them. Finally at the end of the bridge there was a couple of trucks with four or five guys doing something. I guess each workers gets his own safety trooper. Robbery, rape, home invasions, and financial theft and political corruption must be down to zero in Connecticut such that these ‘officers’ have so little to do but count the days to retirement.
Re Post 20:
I know about U-6, the old style unemployment measure.
I’m still pessimistic about our situation for a number of reasons, but we seem to have slowed. Is it a bottoming process or a level spot on a steeper decline? Time will tell, although I’m looking for something double dippish for a number of reasons:
- US deficit is linked to dollar weakening, and will eventually require higher interest rates for funding, which will in turn depress economic activities and real estate
- RE problems are being papered over. FHA is lending at a few percent down, which is repeating the errors that got us here in the first place. Banks aren’t marking to book unless they are taken over. Commercial RE problems yet to be realized.
- Less economically defined but psychologically important is Administration policy. Unfriendly to business, high tax, pro-union. Ask yourself: Would you risk your capital to start a new business as readily as you might have 10 years ago in the face of these headwinds?
Thank you for sharing - great article!
Your welcome. We each support the other in some way.
Sounds good!
Sincere best wishes, but in the Second Wave is coming - even Primes are going to default, let alone the resets on the Alt-As. Get ye a bunker mentality and use the improving scene to position yourself vis a vis food storage and cash.
Believe me, Oatka, we have been doing just that. I don’t trust this ‘recovery’ any farther than I can throw Obummer with a broken arm! We were TOTALLY dead from July until now, with maybe one job a month. Luckily we did have a cash stash, and a HUGE garden that helped immensely (see my profile for pics...very proud of my garden I is). I’ve known about the ‘second wave’ for some time now, and am just waiting for that shoe to drop. All I see around me are shops closing up, and lots of new, empty buildings for lease. Not to mention many empty houses. I find the current rise in the stock market unbelievable, to say the least.
The ole recoveryless recovery.
It’s a recession when your neighbor loses his job.
It’s a depression when you lose yours.
And it’s a recovery when Obama loses his.
1. Jobs Saved or Created. (Never heard that line during the Bush Presidency, did you?)
2. Unexpected Rise in Unemployment Claims. (Ditto)
3. Inherited. (Never heard President Bush blame Clinton for anything, did you?)
4. Better than expected. (Unless Bush is President)
5. Brought the Economy back from the brink. (Saying this with a straight face after a Trillion Dollar “Stimulus” did nothing and the Unemployment Rate went from 7% to 10%)
6. Chairman Mao is Anita Dunn's BFF. (Self explanatory)
7. Fox News is bad, but we want to talk to the Taliban.
Add your own my FRiends...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.