A Recession of Confidence

[Divine Wind]

The "economy isn't shrinking, but 'mania of pessimism' raises odds that it will". It makes sense that confidence in our economy is part of the problem. However, raising confidence won't fix our debt problems. It will only ease them by raising tax revenues through an improved economy.

Talk of slowdown causes recession in market confidence

"We are definitely in recession, but it is a confidence recession. Not an economic one," says Jeffrey Kleintop, chief market strategist at LPL Financial.

 

[sparky]

I'm sure the upper deck Titanic elities held their captians confidence long after the bottom deck drowned......~S~

 

[editec]

How much confidence ought the millions of unemployed, undremployed, and employed but not making enough money to keep their heads above water Americans have, anyway?

How much confidence should people depending on Social Security have?

How much confidence should college students borrowing on future earns have, give that recent grads can't find jobs?

2/3ds of the American people would be freaking nuts to have confidence, right now.

 

[Truthmatters]

there are economic signs that are encouraging.

That is why the right did the little debt ceiling dance to crush the numbers back.

American are actually optimistic people and will find ways to eek some good out even in bad times.

We are at a stage in this thing when it depends on consumer confidence.

That is why the right will have NO talk of optimism.

We need the leaders in our coutnry to tout the reasons for opitmism but many of them have nothing to gain politically by it so they dont.

They place party over country.

 

[waltky]

Granny says it gettin' tougher out there...

Recession changes the American way of life
22 Sept.`11 - The dismal economy is having a profound effect on the American way of life, from delaying marriage and divorce to reducing car ownership and private school enrollment, according to new Census data.

Lingering bad times may alter expectations and lifestyles for years to come, some demographers say. "It's going to have a long-term impact and to say it's going to end is optimistic," says Cheryl Russell, former editor in chief of American Demographics, now editorial director of New Strategist Publications, publisher of reference tools. "I'm more pessimistic that this is the new normal." The Census Bureau's 2010 American Community Survey sent detailed annual questionnaires to 4.4 million people and was conducted separately from the 2010 Census. What could become the new normal:

•Marrying later. The median age of first marriage has crept up to 28.7 for men and 26.7 for women, up from 27.5 and 25.9 respectively in 2006. At the same time, fewer people are taking a trip to the altar, period. If the marriage rate had stayed the same as in 2006, there would have been about 4 million more married people in 2010.

•Fewer babies. There were 200,000 fewer births to women ages 20 to 34 in 2010 than just two years before even though the number of women in this prime age for having children grew by more than 1 million, according to Kenneth Johnson, demographer at the University of New Hampshire's Carsey Institute. "The recession is the likely cause," Johnson says. "Economic recessions often reduce fertility because women delay … in uncertain times."

•Breaking up is harder to do. Divorces, which have been sliding for 25 years as people wait longer or choose to live together before tying the knot, continue to drop. There were about 65,000 fewer divorces in 2010 than in 2008, a 7% drop. "Part of that is the long-term trend, but I'm convinced that some couples are delaying divorce because they can't afford to set up separate houses," says Stephanie Coontz, co-chair of the Council on Contemporary Families, a non-partisan association of family researchers.

•Crowded living.

 

[waltky]

Public don't have a whole lot of confidence in the economy...

Poll finds 95 percent fear new recession
Oct. 12, 2011 -- About 19 in 20 U.S. voters are worried about the possibility of a double-dip recession, a poll released Wednesday indicated.

The IBOPE Zogby International interactive poll found almost nine in 10, 89 percent, fear an increase in home foreclosures in the next two years.

Almost two-thirds of respondents, 65 percent, said they are very concerned about the possibility of a return to recession within the next two years and 30 percent were somewhat worried. With foreclosures, 55 percent were very concerned and 35 percent somewhat concerned.

Zogby surveyed 1,582 voters online Oct. 2-5. The poll has a margin of error of 2.5 percentage points.

Read more: Poll finds 95 percent fear new recession - UPI.com

 

[Divine Wind]

Public don't have a whole lot of confidence in the economy...

Poll finds 95 percent fear new recession
Oct. 12, 2011 -- About 19 in 20 U.S. voters are worried about the possibility of a double-dip recession, a poll released Wednesday indicated.

Agreed. Lots of pissed off Americans with most of them Middle Class.


Poll: 43 percent agree with views of "Occupy Wall Street" - Political Hotsheet - CBS News

 

[expat_panama]

The "economy isn't shrinking, but 'mania of pessimism' raises odds that it will"...

The new party line, Obama's doing great but nobody knows it. It's a crock and since Obama was elected the millions and millions of people that lost their jobs are not imagining the enormous real suffering they're having to endure.

We have much more to fear than fear itself. Four more years? Be afraid, be very afraid.

 

[expat_panama]

...confidence in our economy is part of the problem...

This is the same old same old...

American Rhetoric: Jimmy Carter -- "A Crisis of Confidence"


[ame=http://www.youtube.com/watch?v=KCOd-qWZB_g]Jimmy Carter: Crisis of Confidence - YouTube[/ame]

The malaise daze remain as a pain in the brain.

 

[Brutus]

"We are definitely in recession, but it is a confidence recession. Not an economic one," says Jeffrey Kleintop, chief market strategist at LPL Financial.

that is of course idiotic!! All the confidence in the world won't change the fact that:

1) libturds are letting China India Brazi eat our lunch

2) liberal unions are keeping 20 million jobs off shore

3) liberal illegals are stealing 10 million jobs

4) liberal welfare will make us increasingly bankrupt for the next 100 years

5) liberal schools make our kids the dumbest in the world.

6) liberal regulation through Fanny Freddie CRA FHA and Federal Reserve destroyed our housing market

7) liberal deficits enable China and Japan and others to buy our dedficits rather than our goods and services

 

[Divine Wind]

Wasn't it Nixon who opened up relations with China? Why isn't the Republican Congress doing anything about it?

As for unions, I'm in a union, but most members are Republicans including me.

Most Hispanics are conservatives; they are very religious, family-oriented and hold strong traditional values. While we need immigration reform and should start locking up people who employ, harbor or support illegals or other criminals, the GOP needs to smarten up about running off Hispanic voters just because they are brown or may be first generation Americans.

 

[asedeL]

Economic recessions have paradoxical effects on the mortality trends of populations in rich countries. I've read an article about this issue, please allow me to share it here. Two recently published studies examine the influence of the economy on the unborn. The study implies even they are affected by the economic down-turn. One draws a parallel between the recession and declining birthrates. Another, more disturbingly, shows a fall in the wellness of those that are born. Here is the proof: Studies say that the poor economy affects birthrates and newborn health. Today’s recession could also represent a global stimulus to redirect societal goals through wealth redistribution, in the same way the Great Depression did almost 80 years ago. Global health disparities are at unparalleled extremes, and we would all benefit from decreasing economic inequalities, not least through lessening the health gap.