Wow.. another news article with bleak economic forecast..

[Zander]

I don't think anyone IS saying it's "fine." Nice try, but no cigar.

Really?

they don't when all you look at are negative reports, jobs have been growing for months so has GDP.
Maybe when the second quarter is released a 2.5% plus the sky is falling crowd will chill a tad.

Someone has the rose colored glasses on........

That information is encouraging, which was the implication. Nowhere does he say it's "fine."

We can both read between the lines. He thinks the economy is fine and that the we are poised for 2-3% GDP growth.

Personally, I would love for the economy to recover and take off like a rocket. I do business with other businesses. When the economy is in the shitter, like it is now, my business suffers.

There is NOTHING encouraging about the economic picture. We have spent $4 trillion and have SQUAT to show for it other than more debt and 16% under employment. We are facing massive tax increases and employers have unknown variables that cloud their decision making. Not a pretty picture, regardless of which crowd controls DC.....

 

[Charles_Main]

It is false growth driven by stimulus spending. Which is going to run out.

Double dip anyone.

 

[JakeStarkey]

If it does double dip, then we are back in Ronnie Reagan land, and Obama DD will be much less a strain on the country. Why is that do you think?

 

[Charles_Main]

If it does double dip, then we are back in Ronnie Reagan land, and Obama DD will be much less a strain on the country. Why is that do you think?

Not sure I even know what you mean by that lol.

My point was and is that the stimulus never addressed the real problems. It was a feel good way to buy some time and delay the inevitable fall that is coming.

 

[Trajan]

The sad part is that yes, the economy WILL continue to fizzle as long as there continues to be article after article after article predicting (projecting) that it will. Why would anyone want to invest in America when the entire financial media tells us it ain't worth it? One would think it would be in the financial sector's best interests to put a better face forward.

So can all of the gloomy forecasting be, gasp, politically generated? You betcha. The political conservatives would love nothing more than to see the economy tank, again. After all, they are recalling George H.W. Bush's second term loss which resulted because of "It's the economy, stupid" and are salivating over being able to use the same mantra against incumbent Obama. In my opinion, most people had no clue back in 1989 what that even meant. It was so cleverly worded that it brought down the succesor to Reagan who had in reality done a lot to "fix" the deficit left by Reagan. (Sound familiar?)

. .
and obamas rah rah's? Mangling of stats, misrepresentation, it appears thats okay yet when some provide an analysis that doesn't square with the sky is bright blue and the flowers are blooming its talking things down? How about just telling it straight?

Last I heard private bus. is still sitting on 1.8 trillion and temp. agencies are seeing upticks in their hiring.

Business has not taken the plunge yet, sept. 30 when that Q ends and the "wall st. reform" bill starts impacting them, its going to cost them a bundle of money too. They know it and I believe they will hunker down.

Then they're gonna have a problem of their own making. Regardless of financial reforms placed on "Wall Street" (i.e., the major investment houses), the purpose of their existence is to raise capital for productive enterprises. Most of those investment banks have been "hunkering down," continuing to play their casino games by keeping their revenue all in "the family" and refusing to lend, thereby putting business owners in a bind. Business owners will soon be right back where they found themselves in early 2008 if the reform doesn't go through and the status quo becomes the norm again. Actually, it will be worse for small businesses, because the myriad interim tax credits in attempt to keep them afloat will have expired.

most of that is true, smaller lending schemes have not broken out, however the derivatives penalties or that is demands for greater collateral etc. were not thought out well, and will cost, and it will cost us when we/they need the room and co's whom deal say in commodities and use commodities need the hedge that they usually here to fore used. This will now cost them more, which means, well, you know what it means, it will cost us

 

[JakeStarkey]

If it does double dip, then we are back in Ronnie Reagan land, and Obama DD will be much less a strain on the country. Why is that do you think?

Not sure I even know what you mean by that lol.

My point was and is that the stimulus never addressed the real problems. It was a feel good way to buy some time and delay the inevitable fall that is coming.

The fall that would have occurred with a McCain-Palin ticket will not happen now. Go back and study Reagan's first term, and see the comparisons. Until mortgage foreclosures (1 out of 3 sales) and oil prices square away, recovery will slow, but the opportunity for catastrophe is over.