“It’s Going to Get a Lot Worse”: ECRI’s Achuthan Says New Recession Unavoidable

Daily Ticker/Yahoo Finance ^ | 9/30/11 | Aaron Task

[Kartographer]

Whereas Achuthan said the jury is still out in late August, the weakness in leading economic indicators — and ECRI uses a dozen for the U.S. alone, he notes — has become a "contagion" that is spreading like "wildfire."

Although the recovery has been "subpar" by nearly every measure, Achuthan refutes the idea the economy never got out of recession in the first place. "Just because it looks and feels a certain way doesn't mean it's a recession," he says. "You haven't seen anything yet. It's going to get a lot worse."

[Kartographer]

[Kartographer]

PING!

[FlingWingFlyer]

Barry and his ‘RATS are always whining about the economy that they “inherited”. This economy is great compared to the economy Barry and his ‘RATS are going to leave for the next president.

[JPG]

“Ma'am, I mean Mrs. Obama, every meal for a whole week you've given me nothing but peas. May I have a lobster tail, a thick slice of wagyu beef, an arugula salad and some ice cream instead?”

[Kartographer]

Here kid take this six-pack of Colt 45 and go drowned your troubles elsewhere I’m packing for my vacation.

[Uri’el-2012]

It's going to get a lot worse."

So we are moving from Bush's Recession
to 0bama's Depression.

[PGalt]

zerohedgers are talking about it (57 comments)...here...

http://www.zerohedge.com/news/ecris-achutan-says-us-entering-new-recession#comments

[Kartographer]

It should be clear to all that the world’s economy is on life support and the doctors are all ‘quacks’! Sooner or latter are the spinning plates are going to start to tumble and there is going to be on hell of a mess!

What kind of a mess you ask, well I think that we are in for something like the collapse of Argentina ( http://www.youtube.com/watch?v=7yerKMQc7-w&feature=grec_index )but on a global scale. Additionally I think we will see a much more violent version. As recent events show (Flash Mobs, UK riots, etc)we have a larger entitlement minded population and a the US has a much more violent and armed population than Argentina. I see many many small business wiped out by flash mob looting, and see rape, robbery and murder for murder sake. Many of these ‘yutes’ will think no more about killing you than most people think about stepping on a roach. That will be the test of many. Most preppers I know are Christian people and they will hesitate to do what they might have to do to stop the ‘yutes’. On the other hand the ‘yutes’ won’t think twice nor lose a minute of sleep, in fact they will smile and laugh about it.

Think of this quote which is one of my favorites:

“Star Trek: Deep Space Nine: The Siege of AR-558 (#7.8)” (1998)
Quark: Let me tell you something about Hew-mons, Nephew. They’re a wonderful, friendly people, as long as their bellies are full and their holosuites are working. But take away their creature comforts, deprive them of food, sleep, sonic showers, put their lives in jeopardy over an extended period of time and those same friendly, intelligent, wonderful people... will become as nasty and as violent as the most bloodthirsty Klingon. You don’t believe me? Look at those faces. Look in their eyes.

Now go look at some of the videos of the riots in the UK and of some of the flash mobs here in the US and look into there eyes.

For those who are just starting or are old hands at prepping you may find my Preparedness Manual helpfull. You can download it at:

http://www.tomeaker.com/kart/preparedness1i.pdf

For those of you who haven’t started already it’s time to prepare almost past time maybe. You needed to be stocking up on food guns, ammo, basic household supplies like soap, papergoods, cleaning supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, a extra couple changes of oil and filters for your car, tools, things you buy everyday start buying two and put one up.

As the LDS say “When the emergency is upon us the time for preparedness has past.”

Or as the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3

Lastly this for the doubters and the scoffers.

“There is no greater disaster than to underestimate danger.

Underestimation can be fatal.”

[Kartographer]

PING!!!

[Former Proud Canadian]

A recession might not be avoidable, at this point, but its severity and duration can be minimized.

1. Obama resigns.

2. US announces a new energy policy, to wit, drill everywhere, green light the Keystone pipeline.

3. End capital gains taxes.

That was easy.

[PGalt]

Thanks for the link, your work (OUTSTANDING), your tagline, Kartographer. BUMP!

[roadcat]

Absolutely easy, especially just the first point - if Obama resigns then things will get better. And the second point - drilling for more oil here will definitely spark the economy. Sort like historical gold and silver rushes of the past. Most of the mony made wasn’t in the gold and silver, it was the business boom of merchants supplying the needs of the minors.

[roadcat]

Absolutely easy, especially just the first point - if Obama resigns then things will get better. And the second point - drilling for more oil here will definitely spark the economy. Sort like historical gold and silver rushes of the past. Most of the mony made wasn’t in the gold and silver, it was the business boom of merchants supplying the needs of the miners.

[blam]

STOCKS TANK TO END Q3, MORGAN STANLEY CRUSHED: Here's What You Need To Know (Fat Lady Sings)

[Former Proud Canadian]

Well, cheap energy runs a modern society. Obama seems unaware of this fact, or, more scary still, he is aware of this fact.

Ending capital gains would see a massive inrush of funds to the US from every corner of the globe. It would unlock domestic capital that is locked because people do not want to pay taxes on a capital gain.