Double Dip

Discussion in 'Economy' started by Toro, Aug 11, 2010.

  1. Toro
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    Toro Diamond Member

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    ... is coming.

    Or something close to it.

    I think there is a fairly high chance that the economy with contract some time in the second half of the year. It may be happening now.
     
  2. B. Kidd
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    B. Kidd Gold Member

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    All I can say is, what happens in Vegas WON'T stay in Vegas.
    We are already in a depression here.
    For sure, by the end of the first quarter of next year, most of you are invited. For sure.
     
  3. william the wie
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    william the wie Gold Member

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    Not really certain looks more like Japan in the 90s to me. I expect a major crash and a recovery then rinse and repeat
     
  4. KissMy
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    KissMy Free Breast Exam

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    Fitch Ratings: Seriously Delinquent Prime RMBS Rise for 37th Straight Month Tuesday, July 13th, 2010
    61 Percent of Employees Live Paycheck to Paycheck
    Good times in the Government sector at the expense of the private sector. Obama gave government employees another 25% raise.

    [​IMG]

    Workforce Since Obama became President

    [​IMG]

    Workforce Since Democrats took over Congress

    [​IMG]

    Chinese rating agency strips Western nations of AAA status
    U.S. Stripped of AAA Credit Rating...By China
    U.S. Is Bankrupt and We Don't Even Know
    Post Sub-Prime, the next wave of of foreclosure is here & it is fueled by Option-ARMs. That wave will be followed by Alt-As 1 year later.
    [​IMG]
     
  5. R.C. Christian
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    R.C. Christian Gold Member

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    Embrace the horror.
     
  6. georgephillip
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    georgephillip Gold Member Supporting Member

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    Robert Rubin and Joesph Stiglitz are warring again over US economic policy.

    Rubin wants to slash the Deficit.

    Stiglitz wants more stimulus spending on jobs.

    Is it accurate to say that one of these choices is 100% wrong and the other 100% correct?

    Jobs or Deficit
     
  7. william the wie
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    william the wie Gold Member

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    Slashing the deficit would destroy the president's political base.
    More industrial policy like the auto bail-out, cash for clunkers or homebuyer's tax credit will blow off everything but the Democratic base.
    Current Fed policy looks like it is slowly but surely doing both of the above as in the loss of the house is nearly certain with the senate nearing that point.
     
  8. Toro
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    Toro Diamond Member

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    Seems more and more like Japan to me too.
     
  9. william the wie
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    william the wie Gold Member

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    In addition to the one step forward two steps back tango what is really worrisome is the rise of industrial policy. Is their any unfailed policy that is being trotted out to combat the same old same old?
     
  10. KissMy
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    KissMy Free Breast Exam

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    I was thinking this same thing, over a year ago I thought we were going to wind up like Japan has for the past 20 years. We still might with all the boomer's retiring.

    I came across this article today with info on this very subject.

    US: A key ingredient for lost decade is still missing
     

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