What Recovery? Stocks skid on renewed fears of global slowdown

Discussion in 'Economy' started by KMAN, Jun 29, 2010.

  1. KMAN
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    KMAN Senior Member

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  2. Claudette
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    Claudette Gold Member

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    I wonder if we are in for a "double dip"?????
     
  3. saveliberty
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    saveliberty Diamond Member

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    Portugal and Greece tried to spend their way out of their crisis. How did that work out? What is 0bama trying to do with spending? Oh yes, that will work. *he says with sarcasm*
     
  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Geithner is trying to turn it into a full blown panic and route.
     
  5. B. Kidd
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    B. Kidd Gold Member

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    Yes, or worse.
     
  6. uscitizen
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    uscitizen Senior Member

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    I for one still recall the previous administrations talk about the bubble bursting results only lasting 6 months or so.

    Kinda remeinded me of Iraq and I of course did not believe any of it.

    Globalization and free trade has hit and is not going away.

    We cannot pay wages high enough to sustain our wasteful lifestyle when competing with other less affluent nations.
    Their incomes will rise and ours will drop. And in a country that depends 2/3 on consumer spending that is not a good thing.

    The golden age of America is past.

    that sucking sound is growing to hurricane strength.
     
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    Last edited: Jun 29, 2010
  7. saveliberty
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    saveliberty Diamond Member

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    Let's test the theory. Everyone go buy kitty ear warmers and we can see how the economy responds!
     
  8. uscitizen
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    uscitizen Senior Member

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    buy with what?
    That unemployment check they are no longer getting?
    The pay from the job that does not exist?
     
  9. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Democrats believe America's Golden Era has passed, we believe Democrats are America's Golden Error
     
  10. B. Kidd
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    B. Kidd Gold Member

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    One major factor supporting a double-dip, is there's another 'tsunami' of foreclosures on the near horizon for 2011.
    These foreclosures will not be the result of sub-prime loans, but from responsible previously employed people with 'normal' mortgages whom are now becoming the chronically unemployed and under-employed.
     

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