This Depression keeps getting worse and worse.

Discussion in 'Economy' started by Neubarth, Oct 14, 2009.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    Retail Sales down 1.5% from already outrageously low numbers.

    The collapse continues.
     
  2. Mike Mitrosky
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    Mike Mitrosky Member

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    Of course.. Only keynesians think we can cure the problem of going into debt and overspending with more debt and overspending.


    hang on for a bumpy ride...
     
  3. Toro
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    Toro Diamond Member

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    Economic growth is likely to be 3%-4% this quarter. We will see job growth within the next six months.
     
  4. kwc57
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    kwc57 BOHICA Obama

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    Heard this morning that it appears further down because of the inflating that Cash for Clunkers had done and that sales were actually up.......very, very slightly.
     
  5. Elutherian
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    Elutherian BadMother****er

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    Mike nailed it on the head... Keynesians are stuck on short term thinking, and apparently memory loss. Luckily the Austrian Economists can see past the bullshit.
     
  6. Baruch Menachem
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    Baruch Menachem '

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    Just where do you get that number?

    I am not seeing anything like that. Anecdotal evidence around me is things are no longer diving, but stagnant. At a very low level

    when I go to employment web sites, I see almost no new ads for jobs. This is a lot worse than I have ever seen it before. It isn't just that the marketplace is changing like it was during the early 80's and late 70's. This is not dislocation from progress, this is total breakdown.
     
  7. Jay Canuck
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    Jay Canuck by Crom you'll pay!

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  8. Baruch Menachem
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    Baruch Menachem '

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    Well, I am glad things are going better. for some folks.
     
  9. The Rabbi
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    The Rabbi Diamond Member

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    While its nice the stock market has rallied, at least some of that must be money moving into equities to hedge against inflation.
    Meanwhile the lagging indicators all suggest we will have very sluggish growth, if any, for the next several quarters. In addition to the large number of unemployed there is a big overhang of underemployed and people who have given up. Further, overtime and temporary hours worked has not gone up, down if anything. That is significant itself as those things typically rise before employment numbers.
    No, the rest of the world is growing and we are stagnant.
     
  10. Jay Canuck
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    Jay Canuck by Crom you'll pay!

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    it will take awhile.... the GOP had 8 years to fuck it up this bad.
     

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