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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
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
To: blam
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???
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.
To: blam
You’re correct, the author erred.
To: blam
7
posted on
08/21/2011 3:36:03 PM PDT
by
Buffalo Head
(Illigitimi non carborundum)
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)
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")
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.
To: blam
I meant the writer of the article is fraudulent, not you, Bill!
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")
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)
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
To: Beelzebubba
And....unemployment at 22.9%
15
posted on
08/21/2011 4:25:45 PM PDT
by
blam
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.)
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
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)
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 weve 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
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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