13 Signs That The Double Dip Is Now Toast

The Business Insider ^ | Joe Weisenthal 11-8-2010

[blam]

13 Signs That The Double Dip Is Now Toast

Joe Weisenthal
Nov. 8, 2010, 10:09 AM

In early September, we identified 9 signs that the double dip was almost certainly toast.

Since then, markets have rallied massively, and the economic news has only improved.

Whether you're looking at financial markets or real-world economic activity, there are signs all over the place that the nail is being hammered right now in the coffin of the double dippers.

Yes, the US still has serious structural problems but for now, things are looking up.

Click here to see the signs >

[GeronL]

eh?

We are about to go into a depression if the federal reserve keeps this up.

Sure in $ terms the stock market will look to be skyrocketing because the $ are each worth less and less.

It is way past time to stop deficit spending and start getting a handle on the debt

[cableguymn]

They are right. the next dip won’t be a dip. it’ll be a crash through the floor.

[CodeToad]

So, Helicopter Ben DOESN’T need to spend that $600 billion?

[Uncle Ike]

Dictionary: shill (shĭl) Slang. n. One who poses as a satisfied customer or an enthusiastic gambler to dupe bystanders into participating in a swindle. http://www.answers.com/topic/shill

[MichaelP]

One upcoming sign guaranteeing a double dip recession...$4.00 a gal gas!

Mike

[LibLieSlayer]

We are in a depression... and anyone saying otherwise is ignorant or a liar. We on the front lines of BUSINESS understand this... bankers and the rest of the financial parasites are booming. The Gulf Coast of Mississippi just opened their first SOUP KITCHEN. Hope and change.

LLS

[peyton randolph]

The signs are meaningless as long as the Fed Reserve is printing monopoly money to buy U.S. debt no one else wants to purchase. By the time it’s over, the Fed will have at least tripled the money supply.

Prepare for the worst and be pleasantly surprised if it doesn’t happen.

[DManA]

No double dip. Just stag-flation,.

[jpl]

Yeah, it’s amazing how many people still want to confuse the Dow Jones Industrial Average with the economy after everything that’s happened in the last few years.

[RexBeach]

Bull markets are created and extended by disbelief.

Smile, it’s good for you!

[Mr. Right Now]

Another sign is the republicans control the house.

[sam_paine]

Glasshammer on Nov 8, 10:30 AM said:
Joe,

So the following has happened?

Unemployment has dropped by 1%
Consumer Demand has returned
California is no longer paying $40 million a day to pay the unemployed
The state pension plans are now in balance
Workers are getting pay increases in several market sectors
The foreclosure gate scandal has been resolved
The housing market has cleared
The FED is no longer engaged in POMO actions
The FED is no longer monetizing our debt

[updatedscreenname]

bs
The US is dropping the dollar equivalent of the A-Bombs all over the globe, by devaluing the dollar. Yes it does help some US corporations because they then can look profitable by exchanging foreign currencies for cheaper dollars. However, US consumers are hit hard by rising gas and food prices.

As for jobs, the hiring is to replace older expensive employees with younger cheap employees. With rising health care costs, young unmarried with no kids cost far less than those that are older with dependents now up to 26 years old.
Thanks Obamacare:(

As a side benefit for Obama the unemployment Percentage looks better because the older individuals take retirement and social security and thus are no longer part of the workforce.

[bigbob]

You’ve got that right, this is an incredibly naive article.

Bernancke is monetizing the debt - if anyone doesn’t know what that means just go watch this video:

http://www.youtube.com/watch?v=po6HhQ1ZRxE&feature=player_embedded

then come back and tell me what this guy has wrong, cuz I’m not seeing it.

[CodeToad]

And that list is just the tip of the iceberg.

[Cacique]

Yeah, let’s talk up the economy as if pretending it isn’t raining in a hurricane will make it go away. This from the same crowd that talked the economy down when Bush was in office.

[ClearCase_guy]

I think the official spin is pretty clear:

Late summer, early fall 2010 -- everything is working, the economy is clearly getting better, we are on the right track.
Late fall 2010, early winter 2011 -- it's all crashing down, debt is enormous, people are panicking; why are those Republicans destroying the economic moracle that Obama built?

[ConservativeDude]

...and that is driven by the price of crude, which is going through the roof -—and always, always, always precedes a recession.

I hope it’s not true. But if history is a guide.....

[sam_paine]

Late summer, early fall 2010 -- everything is working, the economy is clearly getting better, we are on the right track. Late fall 2010, early winter 2011 -- it's all crashing down, debt is enormous, people are panicking; why are those Republicans destroying the economic moracle that Obama built?

I think you could make that case based on the experience of Fall 2008.

But the 2010 runup tells me the Dems do not control either the message in the media/propaganda nor the actual magic of the markets (Germany, etal pushing back on Bernanke.)

Right?

I'm not big into the NWO/worldbankers conspiracy, but seems to me that all the parties, GOP/DNC/IMF/Whatever are merely competing with each other in a precarious log-rolling contest trying to convince people that they're really the ones in charge.