Bernanke, "We are Crashing, but hope we'll bottom

[Neubarth]

Bernanke, "We are Crashing, but hope we'll bottom

--------------------------------------------------------------------------------
Well, of course, we will bottom, but it won't be as soon as he keeps on saying. He does not have a clue how bad it is, or so it appears.

As I have said for the past quarter of a century, when the crash comes, the service sector economy can get in cascade mode and drag the whole nation down with it. We are at that state right now.

 

[RodISHI]

Agreed it is no where near bottom. Most people who still have jobs have no clue how bad it is for those who do not have jobs or have struggled to survive since they lost their jobs. People in positions like Bernanke are as blind as bats.

Taxes on some of the small family farms here doubled from last year. So have property taxes on many homes.

 

[Neubarth]

Group says US services economy shrinks in May

On Wednesday June 3, 2009, 10:40 am EDT

NEW YORK (AP) -- The U.S. services economy shrank in May.

The Institute for Supply Management said its services index registered 44 in May.

It was the eighth straight monthly decline.

Any reading below 50 indicates the services sector is shrinking. The last time the index was at 50 or higher was last September.

Service industries such as retailers, financial services, transportation and health care make up about 70 percent of the United States' economic activity.

 

[sealybobo]

Bernanke, "We are Crashing, but hope we'll bottom

--------------------------------------------------------------------------------
Well, of course, we will bottom, but it won't be as soon as he keeps on saying. He does not have a clue how bad it is, or so it appears.

As I have said for the past quarter of a century, when the crash comes, the service sector economy can get in cascade mode and drag the whole nation down with it. We are at that state right now.

Hey Neubarth. I can't get anyone interested in this:

The fed cannot account for the whereabouts of $9 trillion worth of off-balance sheet transactions over the course of the past eight months. Nor can it explain the $1 trillion expansion of the Fed’s balance sheet since last September.

One Penny Sheet » Federal Reserve Cannot Account for $9 Trillion video

Not even the people who are complaining about the $750 billion stimulus bill or the $750 billion dollar TARP funds.

For some reason, they don't understand that a $9 trillion is more than $800 billion.

 

[Toro]

Because, Sealy, the Fed has not "spent" $9 trillion. That number refers to the amount guaranteed by the Fed.

 

[Neubarth]

Bernanke, "We are Crashing, but hope we'll bottom

--------------------------------------------------------------------------------
Well, of course, we will bottom, but it won't be as soon as he keeps on saying. He does not have a clue how bad it is, or so it appears.

As I have said for the past quarter of a century, when the crash comes, the service sector economy can get in cascade mode and drag the whole nation down with it. We are at that state right now.

Hey Neubarth. I can't get anyone interested in this:

The fed cannot account for the whereabouts of $9 trillion worth of off-balance sheet transactions over the course of the past eight months. Nor can it explain the $1 trillion expansion of the Fed’s balance sheet since last September.

One Penny Sheet » Federal Reserve Cannot Account for $9 Trillion video

Not even the people who are complaining about the $750 billion stimulus bill or the $750 billion dollar TARP funds.

For some reason, they don't understand that a $9 trillion is more than $800 billion.

Personally, I think they bought a lot of Bad Paper.

 

[Paulie]

Bernanke, "We are Crashing, but hope we'll bottom

--------------------------------------------------------------------------------
Well, of course, we will bottom, but it won't be as soon as he keeps on saying. He does not have a clue how bad it is, or so it appears.

As I have said for the past quarter of a century, when the crash comes, the service sector economy can get in cascade mode and drag the whole nation down with it. We are at that state right now.

Hey Neubarth. I can't get anyone interested in this:

The fed cannot account for the whereabouts of $9 trillion worth of off-balance sheet transactions over the course of the past eight months. Nor can it explain the $1 trillion expansion of the Fed’s balance sheet since last September.

One Penny Sheet » Federal Reserve Cannot Account for $9 Trillion video

Not even the people who are complaining about the $750 billion stimulus bill or the $750 billion dollar TARP funds.

For some reason, they don't understand that a $9 trillion is more than $800 billion.

Personally, I think they bought a lot of Bad Paper.

Yeah but when you can just create money, who cares?

 

[Oddball]

Because, Sealy, the Fed has not "spent" $9 trillion. That number refers to the amount guaranteed by the Fed.

iiBUSHBOT!!