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 ...
and you obviously know squat
the surge is working, the economy is strong, we have a breakthrough on stem cells and even the French like us now. Bush is too cool.
The contents suggest that the recession was already started and going to get worse...14 months ago.
I do not dispute the logic, but the forecast is off from 14 months ago. Since then, the Fed has raised interest rates and things haven’t gotten much better but they have not been as bad as predicted, yet.
The author is what is known as a “perma-bear”; so a September 2006 article is as good as one from any other date. And of course a stopped clock is also right twice a day.
It’s more valuable to know when to hold em, and when to fold em.
yeah and Zimbabwe is the richest country in the world.
According to Bill Clinton a recession is when the GDP growth slows to 2.7% for a quarter.
But that depends on what the meaning of “is” is.
Hmmmm, I’m still annoyed with the President referring to me and others like me as ‘vigilantes, bigots and racists’...but he has won some big fights as the record shows.
see now you just ruined the party...
I get told that a lot these days....(chuckle)
and you obviously have your sarcasm detector not only turned off, but packed away in storage.
I considered for about 10 seconds putting a sarcasm tag on my post, but I didn't think there would be anyone stupid enough to think I was serious.
I was wrong. Shame on me.
no, there are people who seriously believe this
John Williams (Shadow Stats) agrees with your sarcastic post. He also thinks we’re already in a depression. LOL!
The GDP calculation is highly dependent on the CPI number - and we all know that’s rigged. If you calculate the CPI nearer it’s true level when groceries and fuel oil/gas are included, the CPI is closer to 10% than 2% and thus the GDP would be negative.
Do you really trust government statistics ? You might want to do some reading about the changes Clinton made to the CPI calculation, and then Bush followed with more.
It’s cooked to the nines.
Tell me how the GDP is calculated, and the significance of the formula.
Firt rule of forecasting: when you forecast a recession is coming, don’t say when. Eventually, you’ll be proven correct.
yep. But don’t just blame Bush; Clinton did the same with the CPI and budget numbers.
You know that CPI includes food and fuel.
Yes, and they post at DU.
...and which mess would that be?
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