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Economic Activity Is Slowing Down Much Faster Than The Experts Anticipated
The Economic Collapse ^
| 25 Jan 16
| Michael Snyder
Posted on 01/25/2016 5:44:17 PM PST by SkyPilot
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1
posted on
01/25/2016 5:44:18 PM PST
by
SkyPilot
To: SkyPilot
Well...at least this isn’t “unexpected”.
2
posted on
01/25/2016 5:45:24 PM PST
by
BenLurkin
(The above is not a statement of fact. It is either satire or opinion. Or both.)
To: SkyPilot
They’ve been hiding the reality of the situation for 7 years, it couldn’t last forever.
3
posted on
01/25/2016 5:46:45 PM PST
by
Shadow44
To: BenLurkin
Reality is always “unexpected” to those in the pretend math econ world.
Especially so to certain Nobel Prize winners.
4
posted on
01/25/2016 5:48:15 PM PST
by
Da Coyote
To: SkyPilot
And of course we can see evidence of the emerging economic slowdown all around us pretty much wherever we look. Sprint just laid off 8 percent of its workforce, GoPro is letting go 7 percent of its workers, and Wal-Mart just announced the closure of 269 stores. It is even worse out there than these examples.
But instead of dealing with reality, there are a lot of irrational optimists that insist that things will start bouncing back any day now. For instance, CNBC is reporting that Goldman Sachs is forecasting that the S&P 500 will end up finishing the year back at 2,100...
Yeah, right.
The big banks are also shedding thousands of employees.
That is a very ominous sign.
5
posted on
01/25/2016 5:48:16 PM PST
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: Shadow44
6
posted on
01/25/2016 5:48:47 PM PST
by
SaveFerris
(Be a blessing to a stranger today for some have entertained angels unaware)
To: SkyPilot
Hmm two things are in common with the recession of 2008 and the slowing economy now. Can’t wait till the Muslim traitor in office is gone.
To: SkyPilot
We are finding out now just how much the energy sector was carrying the overall economy.
To: jsanders2001
Economy crashing just in time to turn over to a republican president.
9
posted on
01/25/2016 5:52:18 PM PST
by
The Iceman Cometh
(Trumpbots Vs. Cruznadians - the struggle is real.)
To: SkyPilot
To: BenLurkin
Exactly who has the job of coming up with all these expectations? I would like to know how they keep from being fired since everything always seems to be different than expected. I do not ever recall hearing that things were “as expected”. I have noticed that when Democrats are in office it is usually reported as “better than expected” and when Republicans are in office its reported as “worse than expected”.
11
posted on
01/25/2016 5:53:17 PM PST
by
TonyM
To: SkyPilot
Gee, how unexpected. Surprising. Unforseen. Who woulda thunk it?
12
posted on
01/25/2016 5:55:17 PM PST
by
Secret Agent Man
(Gone Galt; Not averse to Going Bronson.)
To: TonyM
Quote:
"I have noticed that when Democrats are in office it is usually reported as âbetter than expectedâ and when Republicans are in office its reported as âworse than expectedâ.Succinct and exactly correct!
13
posted on
01/25/2016 6:00:24 PM PST
by
jimmyray
(there is no problem so bad that you can't make it worse)
To: SkyPilot
Wasn’t there a stock market crash in 1937 that was almost as bad as the one in ‘29? And it came after four years of New Deal tinkering.
14
posted on
01/25/2016 6:05:27 PM PST
by
Catmom
(We're all gonna get the punishment only some of us deserve.)
To: jsanders2001
More likely we heading into a deflationary depression.
15
posted on
01/25/2016 6:11:36 PM PST
by
Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
To: headstamp 2
I don’t think we’re finding out how much the energy sector was carrying the economy; we’re finding out how much the financial sector has infiltrated the entire economy, because the financial sector is being gored by the energy sector going insolvent.
Otherwise, decreasing energy prices would be recognized as good for the economy rather than bad.
16
posted on
01/25/2016 6:11:43 PM PST
by
DuncanWaring
(The Lord uses the good ones; the bad ones use the Lord.)
To: SkyPilot
Highland Industrial Park in East Camden, AR is one of the largest facilities for storing unused rail cars. They are currently full to capacity.
17
posted on
01/25/2016 6:13:28 PM PST
by
wjcsux
("In a time of universal deceit, telling the truth becomes a revolutionary act." - George Orwell)
To: SkyPilot
18
posted on
01/25/2016 6:17:20 PM PST
by
Fledermaus
(To hell with the Republican Party. I'm done with them. If I want a Lib Dem I'd vote for one.)
To: SkyPilot
It’s killing my business.
19
posted on
01/25/2016 6:18:25 PM PST
by
The Mayor
(Honesty means never having to look over your shoulder.)
To: SkyPilot
What did they expect would happen. The American middle class is gone.
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