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Money Expert: We’ll Be in Recession By End of Year
Newsmax ^ | April 15, 2011 | Forrest Jones

Posted on 04/15/2011 9:15:29 PM PDT by RobinMasters

A respected economic expert is warning that a recession is definite by December and that U.S. stock prices are going to plunge, thanks to Federal Reserve strategies and the soaring price of crude.

John Taylor, founder of the FX Concepts hedge fund and former vice president at Citibank, says the U.S. economic recovery has taken place thanks in large part to the Federal Reserve's money printing campaign, known as quantitative easing, which ends in June.

"Recovery has never really gotten off the ground. It's all government stimulated," Taylor tells CNBC. "We'll be in a recession by the end of the year."

Oil prices continue to rise, thanks in part to a cheap dollar, which will further hamper economic recovery, Taylor said.

Meanwhile, the cost of living in the U.S. rose in March for a ninth consecutive month, led by increases in food and fuel costs that have yet to filter down to other goods and services.

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


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: captainobvious; debt; default; economy; recession; repudiation; wateriswet
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1 posted on 04/15/2011 9:15:31 PM PDT by RobinMasters
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To: RobinMasters
Reason: Oil Price Shocks and the Recession of 2011?
2 posted on 04/15/2011 9:18:58 PM PDT by yup2394871293
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To: RobinMasters
"Recovery has never really gotten off the ground. It's all government stimulated," Taylor tells CNBC.

No kidding.

3 posted on 04/15/2011 9:19:30 PM PDT by Cementjungle
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To: RobinMasters

“Welcome to the party pal.”


4 posted on 04/15/2011 9:20:59 PM PDT by allmost
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To: RobinMasters

Paging Captain Obvious ...


5 posted on 04/15/2011 9:21:47 PM PDT by RightField (one of the obstreperous citizens insisting on incorrect thinking - C. Krauthamer)
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To: RobinMasters

we haven’t gotten out of the last one yet.


6 posted on 04/15/2011 9:22:03 PM PDT by television is just wrong
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To: RobinMasters
We’ll Be in Recession By End of Year

That's good news. Recession is a step up from where we are now.

Or is he trying to say, "You think things are bad now? Just wait till the end of the year ..."

7 posted on 04/15/2011 9:22:03 PM PDT by spodefly (This is my tag line. There are many like it, but this one is mine.)
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To: RobinMasters
a recession is definite by December and that U.S. stock prices are going to plunge

We can exchange canned food for gifts by then.

8 posted on 04/15/2011 9:22:11 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: RobinMasters

98 years to late.


9 posted on 04/15/2011 9:22:22 PM PDT by taxtruth (Don't end the fed,jail the fed!)
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To: RobinMasters

The ‘rats should be taking the Laffer Curve all the way to the bank. If the private economy doesn’t grow, gov’t revenues certainly can’t grow.


10 posted on 04/15/2011 9:22:57 PM PDT by Paladin2
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To: RobinMasters

Unbeleivable title.


11 posted on 04/15/2011 9:23:20 PM PDT by unkus
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To: Cementjungle

12 posted on 04/15/2011 9:24:17 PM PDT by wjcsux ("In a time of universal deceit, telling the truth becomes a revolutionary act." - George Orwell)
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To: television is just wrong

My thoughts also.


13 posted on 04/15/2011 9:26:06 PM PDT by jospehm20
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To: RobinMasters

Recession, my azz. We’re on the verge of a catastrophe.


14 posted on 04/15/2011 9:26:47 PM PDT by unkus
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To: dragnet2

lol


15 posted on 04/15/2011 9:27:08 PM PDT by slotin flash (libera me from hell)
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To: jospehm20

they brag about 50 k jobs? what about the 500k daily loss of jobs when zero took office?


16 posted on 04/15/2011 9:28:38 PM PDT by television is just wrong
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To: RobinMasters

When did we come OUT of the “previous” recession? Oh - they must mean that jobless “recovery”...


17 posted on 04/15/2011 9:29:08 PM PDT by TheBattman (They exchanged the truth about God for a lie and worshiped and served the creature...)
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To: RobinMasters

o can’t see the recession because of all those green shoots.


18 posted on 04/15/2011 9:32:13 PM PDT by AmusedBystander (I'm sure that Obama loves his country, I'm just not sure which country is his.)
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To: dragnet2

Didn’t Celente predict exactly that? Although, IIRC, he predicts it for Christmas 2012.

We had some friends over for dinner a few weeks ago and one woman looked at the green salad and remarked:”That is really a luxury, these days, isn’t it?”

I am right now trading starts with a gardener friend and will be potting up some Campari seedlings from saved seed for another friend. Come harvest,assuming it is a good one, I will be packaging some dehydrated tomatoes for gifts. Simple things we have always taken for granted and they are starting to take on deeper value.


19 posted on 04/15/2011 9:35:39 PM PDT by reformedliberal
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To: RobinMasters

Good. Let it burn - and then let the liberals try to spin that.


20 posted on 04/15/2011 9:42:03 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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