Posted on 06/21/2014 1:12:14 PM PDT by SeekAndFind
A worrisome word is popping up in discussions among some economists: Recession. As in, the next one.
Many Americans feel the recession that began at the end of 2007 never ended, but in technical terms, the economy has been growing since the middle of 2009. Until recently, it looked as if growth might finally hit “normal” levels of 3% or more later this year, as the housing recovery kicks in and employers finally start to hire more. But recent economic setbacks have fed new worries about tapped-out consumers falling even further behind.
“The danger has increased the U.S. economy could pivot from healthier growth to close to recession in the next 6 to 18 months,” Bernard Baumohl of the Economic Outlook Group warned clients recently.
(Excerpt) Read more at finance.yahoo.com ...
Actually...the dreaded “D” word—is ALREADY here for most people—and THIS time—I do not mean demoncrat.
Funny. After years of <2% growth think anyone will be able to tell the difference?
The dreaded “I” word as well. Food prices at our local Costco are going up dramatically.
“Funny. After years of <2% growth think anyone will be able to tell the difference?”
Hey, it’s the “new normal”, dude.
You aren’t kidding. I’d venture to guess food prices have gone up 25% in two years.
So is it safe to say we can consolodate the “R”, “I”, and “D” words into the general catagory of we’re just “F’d “ ?
And the quantity has decreased by twice that. I had a coupon for a free box of Ritz Crackerfuls, which retails for $2.89. Open the box, and it is half empty. There are six packages inside. Open one of the packages and the cracker fills two-thirds of the package! Nearly fifty cents per tiny cracker.
The only people who will be buying that type of item will be the very rich and the “very poor” (the EBT gibsmedats). All of us in between will not be able to afford such luxuries.
Don’t Worry EBT will cushion the impact for both the “I” and “D” for the low information crowd.
This is a teachable moment here. With 2008 fresh in everyone’s mind compare the media’s economic reporting pre 2008 recession to today’s reporting.
From November 07 to November 08 the MSM was predicting the coming recession on an almost nightly basis. “Economic free fall” was a term thrown around constantly.
Today we’ve already had 1 qtr of negative growth, 1 more and we are in a recession but, there are no predictions of “economic free fall” from anyone outside of a few conservative sources.
I’d say we are in worse shape today because we are heading for a recession without all of the fear inducing panic of 08.
Worse shape for a lot of reasons.
People have depleted their savings. People have “left the work force”. People are “on disability”. People have moved back home and living with parents.
There is no cushion. There are no reserves. When the economy takes it’s next dip, it will be like diving into a swimming pool that no longer holds water.
We never got out of the recession. Fabricated numbers are worthless.
For each and every year Obama has been president he’s spent more than a trillion dollars of deficit spending. Every year. For most years it was a trillion and a half dollars of deficit spending. That’s 10% of our economy has been borrowed/printed money. And government counts that borrowed/printed money as “economic growth”... That’s insane. And we keep on doing it. It cannot continue indefinitely.
Recession + inflation = STAGFLATION.
ANOTHER reason why Obama is stupider than Carter.
Heard on Bloomberg Radio the other day “...what with the housing recovery, economic recovery and the recovering unemployment and inflation...”
These degreed, well paid ‘experts’ are truly spinning knobs and throwing switches THAT AREN’T CONNECTED TO ANYTHING!!!
I read a fake but accurate article on a Minneapolis tv news site last week. They were bragging about the good economy and as proof talked about vacation homes on Lake Superior selling at a brisk pace now. Sales are up, houses are selling. good news, right? Once I read to the bottom I found the real propaganda. It turns out the homes are selling for HALF of what they were 5-6 years ago.
Every fiat currency in history has failed. Every. Single. One. Stocks can collapse to $0.00. Gold and silver have had value for over 3000 years.
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