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 ...
No, my automobile still runs on petroleum. Don’t know anyone with a natural gas powered vehicle, biofuel vehicle, electric car, or even a hybrid. Oil is today’s fuel, tomorrow’s fuel. Maybe if we’re lucky, it won’t be a major fuel a century from now, but we ain’t there yet.
Written by someone who sits, drooling and staring into a computer monitor 20 hours a day, furiously beating on the keyboard to berate everyone else for watching TV. Sheesh, could you please get some help??? Or at least quit posting the same tired sh!t day after day after day???
I couldn’t agree more with your last two posts. Especially “I’m more concerned as to what happens if the supply chain is interrupted.”
This is the thing that makes this a world-wide problem, and fundamentally different than say, the 1930s. Most people have no grasp over how complex and intricately woven the world economy has become. The economy of even thirty years ago was fundamentally different, smaller, less complex, and slower. A collapse here, at this point in history, and the world would be unrecognizable within weeks (or even days).
“Summer of Recovery II, The Sequel”
Yep. We’re in the first of 0bama’s “Five year plans”.
The LA riots pretty much woke me up to being able to Bug out quick for the hills if need be, and be self sufficient...
People had more than they needed.We had no idea what was precious, what wasn't.
We threw away things that people would kill each other for now.
I have it on the highest authority that you are wrong. That is to say, Obama himself made this declaration. Surely it is our failure as loyal citizens that we do not take it to heart.
Heh Heh..how bad do I have it when I have the TV and Talk radio on while I surf FR...
Great movie...took it to home...
Those riots were certainly an eye opener. Things could get very messy, very quickly.
All I know is that the economy is dependent on faith in the dollar, and that faith seems to be eroding.
But what really worries me is that I feel that people of character are way too small a minority in this country. Maybe the societal decay is just an illusion, but I don’t think so. I hope I am wrong, because unless we get very lucky, we are going to go through some rough patches soon.
Well as has been said...some of us better keep our wits about us or none of us will get through...
I aim to keep my wits about me....
As you do to also...
Keep your power dry...go fishing....
*smirk*
“This is the thing that makes this a world-wide problem, and fundamentally different than say, the 1930s. Most people have no grasp over how complex and intricately woven the world economy has become. The economy of even thirty years ago was fundamentally different, smaller, less complex, and slower. A collapse here, at this point in history, and the world would be unrecognizable within weeks (or even days).”
That’s basically what was happening in 2008. The market for “commercial paper” suddenly seized (due to people figuring out just how worthless mortgages were). It freaked me out then because it would have simply shut down the US economy.
Apparently businesses operate in a different world, and actually borrow money every Friday to make payroll...then pay back that money early the next week, and so on. Just bizarre. Same for factories, they borrow money to buy raw products, and pay it back a few weeks later when they sell their finished products. They CANNOT operate without a credit spigot open. And that applies when they are flush with cash - they send that money somewhere, and then turn around and borrow to make payroll.
Go figure.
“Goodnight, John-Boy”
I read something here this morning stating that something in excess of 45% of our population is currently employed. I have no idea whether or not that figure is at all accurate. It gave me pause.
Amen Sister!
We have been in recession since the day someone talked George Bush into the first stimulus package.
This guy agrees with you.
Collapse Countdown Clock: “We Have Until July” *Video*
"This is an emergency action alert. This is probably the most important one, and the easiest one in terms of being able to figure out, that I’ve ever put out before. We have until July, at the latest, to prepare for complete economic pandemonium along with all the social unrest that has been building and fomenting and is now breaking out, even though the mainstream is trying to hide it.
I've been reading about the coming food crisis for quite a while now.
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.