I think our great representatives in D.C. will sit on their thumbs and "talk" about solutions till we're all standing in soup lines again...
http://www.reuters.com/article/newsOne/idUSGOR27660220080212
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Most recent prediction is a growth rate of about 0.7 for the quarter or about 2.5 or so for the year. EU leaders would kill their grandmothers for that growth rate.
he wants a depression as bad as the Democratic party so they can say see I told you so
quote:Originally posted by dkn:
he wants a depression as bad as the Democratic party so they can say see I told you so
Excuse me?
The housing market is in the toilet. Folks are fixing to pay outragous interst rates on credit. The job market stinks and we are trillions of dollars in debt and in a war with no end in sight.
If that doesnt spell depression, I dont know what does. Anyway you look at it ....it aint good
If that doesnt spell depression, I dont know what does. Anyway you look at it ....it aint good
The Reuters article advocates the Fed buying up assets to control the market. The Europeans would love this as it would help them get rid of bad investments and dump them on the Fed.
Pouring more cash into bad assets is rather like pouring more gasoline on a raging fire.
The Democrats are the party of bigger government. More control over the economy equals a bigger bureaucracy and more controls over the life of the individual.
Pouring more cash into bad assets is rather like pouring more gasoline on a raging fire.
The Democrats are the party of bigger government. More control over the economy equals a bigger bureaucracy and more controls over the life of the individual.
No, it doesn't spell depression. Think 25 percent unemployment, all banks closed, illegal immigrants streaming back into Mexico, foreclosures in every neighborhood, a war that sucks up 50 percent of the GDP and produces millions of casualties, and then we'll talk.
Interest rates may go down for some, especially for some home owners. Lack of any credit for some will be a big problem. If you have a credit card balance and they try to raise it, cancel the card and start paying off the balance.
Interest rates may go down for some, especially for some home owners. Lack of any credit for some will be a big problem. If you have a credit card balance and they try to raise it, cancel the card and start paying off the balance.
What time is it?
If you want the government to do something and are really counting on it, you are out of luck. Don't get into credit debt it is a losing proposition. When the housing market is in decline buy it will eventually go back up. We just got word of more jobs coming to the shoals. Unemployment is under 5% that aint bad.
Well, its not Howdy Doody time and, its not 1929!