Worst of the Recession is Behind Us

[Neubarth]

How do you know?

Keep your eye on Global shipping. That indicates a total economic collapse of tremendous severity.

 

[oreo]

Keep your eye on Global shipping. That indicates a total economic collapse of tremendous severity.

It's no secret that this is a world-wide recession. Banks all over Europe are acting in unison with U.S. banks. Dramatically reducing short term interest rates, etc. Heck--they were buying our bad mortgages too--that they're stuck with. Chinese are picketing because manufactures are owing their employees back pay.

The old quote holds true: When the U.S. sneezes the rest of the world gets a cold.

"The best argument against democracy is a five minute conversation with an average voter". Winston Churchill.

 

[oreo]

You can follow that reading assignment with reading the September 2003 NYT article concerning the new proposed massive regulatory overhaul proposed by the Bush administration to ensure that Fannie and Freddy were properly capitalized and how Barney Frank opposed this move because "Fannie is in no danger" and this is just to "keep poor people from owning houses."

Thanks--I have read all these articles. I was addressing "Criss" who believes that this recession/depression started with crooks on Wall Street.

What's amazing--is the exact same people responsible for the Fannie/Freddie collapse are still in their same positions. Barney Frank, Criss Dodd, Charles Schumer. Nothing has happened to them. In fact, every chance they get they're in front of micro-phones telling us that the 700 billion dollar taxpayer bailout is a great deal--& that they fixed it! They didn't fix anything they made it worse. 400 economists wrote our congress & told them not to pass this bank bail-out bill. They did it anyway because it was an election year. Now the banks have the money--they are NOT loaning it out, they're keeping it or buying banks in China with it. That's how these morons "fixed" it.

"The best argument against democracy is a five minute conversation with an average voter." Winston Churchill.

 

[Zoomie1980]

Say Forbes analysts:

The Most Intense Period Of The Recession Is Behind Us - Forbes.com

We have early indicators of economic change. One I like is railcar loadings. After 14 months of falling loadings they are now relatively flat at Union Pacific, BNSF, and CTX. Steel loadings have shown an increase.

This is a sure sign that that, at worst, we have hit bottom, and may be turning the corner.

 

[Zoomie1980]

Keep your eye on Global shipping. That indicates a total economic collapse of tremendous severity.

There is no collapse. In fact, we are long way from reaching the levels of the 82-83 recession, and haven't even hit the levels of the 91-92 recession, the last "real" recession we had (the 2001-02 was mostly the result of 9-11). We would have to be several orders of magnitude worse to even get close to the Great Depression. Parts of me actually hope we have a huge one....human kind needs some character building because we have become a fat, indulgent, spoiled lot that has lost any capacity for suffering...

 

[Agnapostate]

Forbes analysts. Amusing. Would these be the same Forbes analysts who oppose the spread of autogestion in Buenos Aires and predicted that the mid-90's bubble would never burst in Southeast Asia?

 

[roomy]

Every time you post my gag reflex kicks in as a precaution.