[wideawake]

What - a website called PrudentBear.com is pushing the most radically bearish views? Amazing! (And quite a marvel of objectivity).

Note to the prognosticating Mr. Benson: If you actually published this on February 5th, why are you predicting two banruptcies that happened two months ago?

[ThePythonicCow]

bttt

I've been saying we are entering a serious depression. But this article says it far better than I am able.

[MurryMom]

While the Federal budget is going into deficit, more of the deficit is coming from a drop in tax revenue than new spending. Moreover, state and local governments are headed for $80 Billion in deficits; except, these governmental entities are not supposed to run deficits.

It's good to see that there is a non-Kudlow financial prognisticator who doesn't buy into the Dumbya Administration's nonsense about how their tax cuts caused "only" 40% of the deficit. Anybody who buys a stock in today's market based upon confidence in the Dumbya Administration is a sure loser.

[Southack]

It might be worth noting (if you actually want to consider all of the evidence prior to making a "conclusion") that the U.S. economy GREW during the year and Quarter in which this article was written.

We've got record high worker productivity, reasonably low unemployment (~~ 6%), very low interest rates, and inflation is dead.

We've got a great infrastructure, university educational system, and superior research and development in this nation.

Our population is increasing and our average salaries are rising.

This is not data that warns of an impending doom in our economy.

Crying that the "sky is falling" simply because some techies have to learn new careers and that it's just so awful that our state and federal government(s) is/are getting less tax income hardly seems like a mature, manly response to the rational information at hand.

Let's not all be feminized by Leftist gloom and political correctness.

Buck up, gentlemen! We are at war!

[DaBroasta]

I think the prudent bear is full of bull.

[arete]

The consumer pull-back will trigger the Long Economic Winter.

I thought that I detected a chill in the air. Amazing that people still don't want to believe that the good time economy of the late 90's is over -- and gone.

Richard W.

[marbren]

China wins

[Jim Noble]

We have nothing to fear but fear itself.

America is not the economy, however misconceived.

I do share many of the notions of "prudent bears"-I think the "information economy" was a (mostly) Clintonian shell game, I think outsourcing production is a disaster, and I think the credit bubble is going to pop.

Where I part company with these folks, is to say, "So what?"

This is America. We'll fix it. And it will be better, afterwards.