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Recession Is Not In View But Economy Is Ugly
Seeking Alpha ^ | 8-21-2011 | Steven Hansen

Posted on 08/21/2011 3:18:08 PM PDT by blam

click here to read article


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1 posted on 08/21/2011 3:18:17 PM PDT by blam
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To: blam

It’s been fifty years since I studied this but I believe this writer gets the words ‘affect’ and ‘effect’ backwards...or, is it me that’s backwards?


2 posted on 08/21/2011 3:22:32 PM PDT by blam
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To: blam

Looks similar to this guy’s graphs:

Http://confoundedinterest.wordpress.com

But Sanders’ graphs are more compelling. We are in the aftermath of an Austrian credit bubble.


3 posted on 08/21/2011 3:23:26 PM PDT by whitedog57
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To: blam

Afraid this guy is as Clueless as the rest. We have been in an economic crisis since the Tech Bust in 2000, no growth and a negative GDP. For all intents we have been in a Depression and the main reason we haven’t seen all out unrest is the government safety net.
But the money has run out and the borrowing can’t continue at these levels.
All I an say is the safety net will evaporate and then what???


4 posted on 08/21/2011 3:27:33 PM PDT by Captain Peter Blood
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To: Captain Peter Blood

One thing that looks certain to me is there will be no rebound that bails out Baraq a year from now.

He “owns” the economy and on election day 2012 is will still stink.


5 posted on 08/21/2011 3:30:56 PM PDT by nascarnation
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To: blam

You’re correct, the author erred.


6 posted on 08/21/2011 3:31:26 PM PDT by RegulatorCountry
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To: blam

I can see it from here.


7 posted on 08/21/2011 3:36:03 PM PDT by Buffalo Head (Illigitimi non carborundum)
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To: Buffalo Head

It hurts to say this but all indicators point to a recession right around the corner. Obama will pay the price regardless. He is a clueless loser.


8 posted on 08/21/2011 3:39:43 PM PDT by rjsclassics (bringing people together)
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To: blam
"As readers know, we focus on the transport sector, which we consider a coal mine canary for the economy."

From the chart, "All Employees: Trade, Transportation and Utilities." That's pretty funny. It's a good thing that the Chinese and other trading partners continue to give our government employees (including local through federal funding) both the products and money to buy them.

The slow motion dive through alternately choking and inflating the economy is deceiving. There's a big currency and bond collapse sometime in the near future (during the next couple of years, maybe?). Have fun. Prepare, then enjoy the slide.

Now don't you look at that manufacturing sector, Hansen. Keep the propaganda coming, while we're shipping extra food from big ag to drought-stricken, commie nations.


9 posted on 08/21/2011 3:46:52 PM PDT by familyop ("Plan? There ain't no plan!" --Pigkiller, "Beyond Thunderdome")
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To: blam

That uptick on the GDP on the second slide was due to phoney government AKA PORKulus. It’s not sustainable!

To not note that is fraudulent.


10 posted on 08/21/2011 3:52:16 PM PDT by Alas Babylon!
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To: blam

I meant the writer of the article is fraudulent, not you, Bill!


11 posted on 08/21/2011 3:53:23 PM PDT by Alas Babylon!
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To: Captain Peter Blood
"All I an say is the safety net will evaporate and then what???"

Since the "green revolution," our big agriculture corporates have become quite bigger and much more linked to government. Americans will be fed.

But government employees with degrees (local included--very government linked) will live in ever more lavish luxury and rule harshly against (steal from and incarcerate) all who try to make an honest private living. It's already happening.

...unless enough of us become much more self-sufficient on energy and food for ourselves and our families while learning to get along with our few better neighbors (and watching for more to fall from the middle class). We must become more nonpolitical, starve the beast and learn to produce the things that we need.

IMO, most people are going to become turf for the nonproductive elite to walk on and torture for kicks.


12 posted on 08/21/2011 4:00:02 PM PDT by familyop ("Plan? There ain't no plan!" --Pigkiller, "Beyond Thunderdome")
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To: Captain Peter Blood
I agree about being in a crisis since 2000. Here's a more honest view of GDP, without the all the dishonest adjustments:


13 posted on 08/21/2011 4:20:58 PM PDT by Atlas Sneezed (Government borrowing is Taxation without Representation)
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To: Alas Babylon!
"I meant the writer of the article is fraudulent, not you, Bill!"

No problem... I knew what you meant.

14 posted on 08/21/2011 4:23:17 PM PDT by blam
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To: Beelzebubba
And....unemployment at 22.9%


15 posted on 08/21/2011 4:25:45 PM PDT by blam
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To: Beelzebubba

If you subtract the excess govt. spending in ‘09,’10 and ‘11 about $1.4T per year, real GDP is about -5%.


16 posted on 08/21/2011 4:28:42 PM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: blam

Recession isn’t in the future, it’s here, it’s now.


17 posted on 08/21/2011 4:33:16 PM PDT by Venturer
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To: blam

DEPRESSION and anything else is a damnable lie.

LLS


18 posted on 08/21/2011 4:35:57 PM PDT by LibLieSlayer (Certified Al Palin Hobbit Terrorist)
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To: central_va
Why The Current Bear Market Is Far From Over

"We, therefore, believe that the market has now entered a major downtrend. It is a mistake to dismiss the slide we’ve seen to date as mindless and devoid of fundamentals as many strategists maintain. These are not just scary headlines—-they are scary fundamentals."

19 posted on 08/21/2011 4:48:37 PM PDT by blam
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To: blam

Recession is not in view cause we never got out of the initial recession, blind, deaf, and dumb Hansen. =.=


20 posted on 08/21/2011 4:56:05 PM PDT by cranked
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