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US economy recession
The Daily Reckoning ^ | September 29 , 2006 | Kurt Richebacher

Posted on 11/29/2007 9:24:55 AM PST by mustang buff

A recession and a bear market in asset prices are inevitable for the US economy. Recent economic data leave no doubt that both are on their way.

(Excerpt) Read more at dailyreckoning.co.uk ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: boomandbust; economics; msm; recession
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This article explains why we're in this mess
1 posted on 11/29/2007 9:24:56 AM PST by mustang buff
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To: mustang buff

Article from Sept. ‘06?


2 posted on 11/29/2007 9:35:17 AM PST by what's up
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To: mustang buff

yeah umm I’m going to trust a british gloom and doom website concerning our economy.


3 posted on 11/29/2007 9:35:31 AM PST by ari-freedom (I don't want Huckabee or Applebee...give me someone from Tennessee!)
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To: what's up

yeah hahaha


4 posted on 11/29/2007 9:36:00 AM PST by ari-freedom (I don't want Huckabee or Applebee...give me someone from Tennessee!)
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To: mustang buff

Isn’t a recession two consecutive quarters of declining growth, by definition? Have we had that yet?


5 posted on 11/29/2007 9:36:23 AM PST by olivia3boys
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To: what's up

yes your right. It’s dated but the contents is accurate.


6 posted on 11/29/2007 9:37:11 AM PST by mustang buff
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To: mustang buff

Another self fulfilling prophecy sure to be correct at some point.

Meanwhile, GDP revised up to almost 5% last quater and near 4% the most recent quater. Looks like you’ve got at least another 6 months before this could possibly be correct.

Keep your fingers crossed!


7 posted on 11/29/2007 9:37:41 AM PST by enough_idiocy (www.daypo.net/test-iraq-war.html)
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To: what's up

Well, if you understand the business cycle, it’s important to get ahead of the curve. :)


8 posted on 11/29/2007 9:37:47 AM PST by 1rudeboy
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To: mustang buff
Content accurate, eh?

http://www.marketwatch.com/news/story/gdp-revised-up-49-third/story.aspx?guid=%7BA3B91208-8075-4F75-ACE9-AE9BCFBA7AFF%7D

Yeah, economy growing at a 4.9 percent clip. We're doomed. /sarc
9 posted on 11/29/2007 9:38:43 AM PST by OCCASparky (Steely-Eyed Killer of the Deep)
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To: what's up

Holy crap, I missed that.

What a moron. I think some people do not know the definition of a recession. The soonest we could be in a recession would be 6 months from the next end of quarter.


10 posted on 11/29/2007 9:38:45 AM PST by enough_idiocy (www.daypo.net/test-iraq-war.html)
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To: ari-freedom

I’ve been reading this same ‘the end is near’ crap for eight years now in these forums.

If I believed just half of them, the economy imploded five years back, we are all now unemployed....maybe we’re just ‘dreaming’ life, ala the Matrix, huh?

(chuckle)


11 posted on 11/29/2007 9:39:34 AM PST by Badeye (Free Willie!)
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To: mustang buff
That's just another gold site. They're all doom and gloom all of the time. It sells more gold if they get you to panic.

In fact, they call non-goldbugs dollar-sheep LOL.

12 posted on 11/29/2007 9:40:19 AM PST by Vet_6780
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To: mustang buff

Like we need more doom & gloom from the wearisome pommies. There’s a fair amount of whining on this site about global warming and the usual liberal claptrap.


13 posted on 11/29/2007 9:41:02 AM PST by Thrownatbirth (.....Iraq Invasion fan since 1991.)
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To: mustang buff

Thanks for ANOTHER post about the demise of the U.S. economy.

You are either a Goldbug, a Populist, a Hillary supporter, are short the market, or are really bored.


14 posted on 11/29/2007 9:41:22 AM PST by rightinthemiddle (Without the Media, the Left and Islamofacists are Nothing.)
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To: mustang buff
Fake, but accurate?

*rolling eyes*

15 posted on 11/29/2007 9:41:47 AM PST by Lakeshark (Thank a member of the US armed forces for their sacrifice)
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To: mustang buff
Yeah, but this article is a year old. Much of what they said has already come to pass. The predictions are no longer up to date for '07.
16 posted on 11/29/2007 9:45:01 AM PST by what's up
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To: ari-freedom

“yeah umm I’m going to trust a british gloom and doom website
concerning our economy.”

Actually, the more the “doom and gloom” in the MSM about the economy...
the less I worry.
MSM prognostications are often a pretty good “negative indicator”
of where the US economy is going.

That’s not my original “insight”!
I got it from hearing the head guy at Investors’ Business Daily in
Los Angeles.
He said “most business reporters get paid for being perpetually depressed”.

When these usually depressed reporters go into “boom mania”...
that’s when I get SCARED!


17 posted on 11/29/2007 9:45:01 AM PST by VOA
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To: Vet_6780
That's just another gold site. They're all doom and gloom all of the time. It sells more gold if they get you to panic.

Trouble is, Gold futures are PAPER, aren't they?

They do not really sell gold.

18 posted on 11/29/2007 9:47:33 AM PST by Gorzaloon
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To: olivia3boys
Isn’t a recession two consecutive quarters of declining growth, by definition? Have we had that yet?

We have had more like 10 consecutive quarters of negative growth but the Bush admin is cooking the books to keep us in the dark so they can dump the problem on the next administration!

19 posted on 11/29/2007 9:48:47 AM PST by Phantom Lord (Fall on to your knees for the Phantom Lord)
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To: Lakeshark

Technically, it’s “false, but maybe no longer.” LOL


20 posted on 11/29/2007 9:57:24 AM PST by 1rudeboy
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