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206 Comments
- inactive, on 04/13/2009, -20/+51Gosh darn it to heck that Hussein Obama is plunging this economy into the depths of ... Sorry what? Really?
Crap.
Um ... Ummmm Birth Certificate!!!
*runs away screaming and foaming at the mouth* - Moonkeeper, on 04/13/2009, -10/+38So, economists that were wrong about the severity, length and scope of this recession now believe its going to end? WOHOO! Happy days are here again......
- MrFunStuff, on 04/14/2009, -6/+30Peter Schiff debating Art Laffer on CNBC before housing bubble busted
http://www.youtube.com/watch?v=p7aQXuauR9g
like Moonkeeper post says
"economists that were wrong about the severity, length and scope of this recession now believe its going to end?"
Let try listening to people how saw this recession coming. - inactive, on 04/14/2009, -6/+28............................................________
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...................................,<`.._|_,-&``................`\ - brickbat, on 04/14/2009, -7/+28That's what the Japanese said in year 2 of the lost decade.
- Ouze, on 04/14/2009, -3/+23Wasn't this network that predicted the market had bottomed out in July 2008?
http://www.cnbc.com/id/25932873
And wasn't the the same guy as the first link, who just a few months later, predicted the market would drop to 4700?
http://www.thestreet.com/story/10441974/1/why-im-n ...
Seriously, how the ***** do these guys get to keep their jobs? You perform like this at McDonalds, you wouldn't clear the 90 day probationary period. - inobla, on 04/13/2009, -10/+30It's a long shot but I'm hoping to see you get another front page hit with this article. I'm so freaking burned out on the paranoid apocalyptic doom crap.
- NoLibertarians, on 04/13/2009, -8/+265 weeks of increases in the market is no fairy tale. Nor is the market to market rule change.What you meant to say is you are praying the economy crashes.Shame on you! This woman, who is much more intelligent than you, thinks otherwise.
- nofreedom4theUS, on 04/13/2009, -24/+42You live in a dream world NoLibs. Of course when you inject this money everything will be fine for a little bit. What happens when the bill comes due on the borrowed money and American taxpayers will be responsible for it? Nobody will have extra money to buy new items which will make the economy stall again. Do you propose we inject more money then?
Think about this on a personal level. If you have a bunch of debt and you can't afford to live, do you get another credit card to pay off that debt? You could and you'd be fine, for awhile. After 6 months you'd be way worse off. Do you get another credit card at this point? What happens if your credit gets denied after that?
Our nation was built on savings until the bankers took it over and now it's built on debt. It's like a pyramid scheme...eventually it crashes. So, just like a pyramid scheme, we need more players....so let's talk global currency. What happens when that's tapped out? Do we look for other planets so we can have interplanet currency to again get more players to enslave? - Hetman, on 04/13/2009, -10/+27He said it during the 80s and he will say it again in another 20 years if he is still alive. Everytime there is a downturn in the market RP acts like the world is ending. He is predicting the same thing now that he did in the 80 hyperinflation deppresio, the end of america etc. He seems to refuse to understand the cyclical nature of the economy.
- jimbo92107, on 04/14/2009, -3/+20Why would anybody be stupid enough to pay attention to anything they see or hear on CNBC? This is the same network that features a clown ringing a cow bell while touting Bear Sterns...just before it collapsed.
And the clown is still on the air. - geekee, on 04/14/2009, -4/+21Sorry, but you can't just print, borrow, and spend your way out of a recession. You may reinflate the credit bubble for awhile, but someone always has to pay for it in the end. So who pays for it when the Fed takes junk assets as collateral of trillions worth of loans? Anyone who has saved any money, when inflation hits. If your salary doesn't keep up with inflation, you'll be paying too. Then there's the interest on the national debt, which you will pay if you pay taxes. Also, expect them to raid social security to pay down the debt.
So, who got the money that we are all paying> Anyone who cashed out the house(s) at the market peak, for one. Also, anyone who got a big bonus for selling these junk loans that got us into this mess.
So why aren't we investigating the massive fraud that caused this mess? Some answers here
http://digg.com/business_finance/Geitners_Deceit_W ... - NoLibertarians, on 04/13/2009, -12/+28Decent news rarely makes it to the front page.Digg is mostly a site for the pissers and moaners of the world
- MrFunStuff, on 04/14/2009, -3/+19Yet unemployment still raises.
"The head of the Federal Reserve regional bank in Dalla, Richard Fisher, said this week that the US unemployment rate could exceed 10 percent by year-end."
http://www.google.com/hostednews/afp/article/ALeqM ...
I'm not happy about it ether but we have to be realistic hear.
We shouldn't be declaring the hard times are over because a article from CNBC said "nation's economy MIGHT see an upward shift in the latter half of the year. - SchmuckofNI, on 04/14/2009, -6/+20It will never be over until the U.S is back on a sound monetary system.
- inactive, on 04/14/2009, -2/+15Do the opposite of CNBC, get rich
- kolobcreek, on 04/14/2009, -2/+15yep same smashing reporting that kept us from getting into the last mes.
- inobla, on 04/13/2009, -27/+40Oh, maybe RP meant the *next* recession will last for 15 years.
- algaeturd, on 04/14/2009, -10/+23*****. This is hilarious. Anyone who has studied the economy at all knows that the worst parts of a recession are in the ripple effects. These are long lasting and DEEP. Anyone who is in the middle class and lower class won't see any kind of improvement for at least 4-5 years. Yes, the corporations and those with lots of investments will see an improvement but the major employers will still be shy about committing to any kind of growth.
Speculate all you want...I'm speculating as well obviously, but there will NOT be much of a change in the next few years for the average person. It doesn't hurt to be optimistic but it's kind of dangerous to be unrealistic about everything. - necoates, on 04/14/2009, -3/+14All right kids, we have been in a deflationary period cause by loans disappearing. So to correct this the Fed is trying very hard to massively Inflate, and by their own admission if they don't pull the plug on the inflation at the exact right time we are going to go through a crippling period of massive inflation.
The Only way to cure this is raise interest and cause deflation! Causing more of the same
Anybody see a trend here? This is far from over. - NoLibertarians, on 04/13/2009, -21/+31Actually no, he meant depression. He meant he was going to be depressed for then next 15 years for being so wrong
- OwdenBowden, on 04/14/2009, -0/+9I have a dream that backwards ass Inbred imbeciles would actually stop screwing their immediate family members, and use the time to get a real education (reading Big Boy and Girl Books ) instead of reading the Comic Book version of History (and getting their WP education from WhitePower-U) - then each of you would understand that Race, Creed, Color, and Religion plays no basis on whether a person is right or wrong; Good or Bad - or anything for that part.
As for this Persons forecast of the economy - I am in the business and I would wager the farm that we are currently in the Eye-of-the-Economic-Storm. We will have a few up ticks but then drop once again to the real bottom foundation. I am thinking 18 months. - Hetman, on 04/13/2009, -10/+19As soon as you try to use analogy of your personal finiances I know you have no understanding of what is going on. There is a difference between micro and macro economics. Just like the 30s we can use keynsian economics to stimulate the economy. It worked then and it is working as we speak.
- iancgi, on 04/14/2009, -1/+10This article is completely wrong furthermore it was submitted by a complete government shill, The economy is not getting better it is getting worse, the only way to fix this mess is abolish the federal reserve and letting congress print money instead of private interests. This article is meant for people to invest more money just so they can get their greedy little hands on every last penny.
- ironhide, on 04/13/2009, -3/+12Maybe you should broaden your reading material.
http://www.laprogressive.com/2009/02/18/guess-what ...
http://unreasonable.org/node/2230
http://www.knoxviews.com/node/10871 - NoLibertarians, on 04/14/2009, -14/+23LOL
- brjohnson789, on 04/14/2009, -2/+11As soon as you claimed Keynes knew what he was talking about I knew you had no understanding of what was going on.
- Moonkeeper, on 04/14/2009, -0/+8"They must ruin your life on a daily basis."
Actually noLib, it may surprise you that I hope your article is right. I hope the "doom and gloomers" are wrong. The well being of my son and my soon-to-be-born daughter are far more important to me then being able to say "I was right" on some internet forum. - inactive, on 04/14/2009, -2/+10cause stupid people watch them
baaaaaaaa baaaaaa - wracker92, on 04/14/2009, -2/+10The stock market just blipped back upward in the last week. Let's wait and see what it's like a couple of months from now before starting to celebrate that the worst is behind us.
- ironhide, on 04/13/2009, -5/+13Considering it's not a duplicate of this article, you still fail yarcod.
- charm803, on 04/14/2009, -2/+9I enjoyed buying cheap stocks.
- chourobin, on 04/14/2009, -3/+10don't listen to CNBC and any of the crackheads they have on there.
- inactive, on 04/14/2009, -3/+10no one knows
flip a coin, it's just as likely to be correct as these "experts" - treeflappa, on 04/14/2009, -1/+8It's the derivatives, stupid
- geekee, on 04/14/2009, -1/+7A more complete picture, and it's till all guesswork:
http://online.wsj.com/article/SB123921340472201877 ... - chesterogilvie, on 04/14/2009, -3/+9First of all, it's a little early to be calling everything sunshine and rainbows right now. This is one piece of positive news. Second - Obviously we're going to see some improvement in the short term since a few trillion dollars were just pumped into the economy. The problems are going to occur when the bill comes due for all of this massive spending. Don't be so shortsighted.
- COINTELPROAgent, on 04/14/2009, -5/+11What's this? More good economic news on the Digg front page? Unpossible!
- NoLibertarians, on 04/13/2009, -7/+13It's no duplicate Yarcod. I call duplicates when they actually are. In fact.. Most I call duplicates are 4 or more time submissions
- inactive, on 04/14/2009, -2/+7good, we can go pretend everything is alright. like a bunch of children we are.
- Hetman, on 04/13/2009, -10/+15We can argue that back and forth. There are many more economists who believe that the spending in the 30s helped just as much if not more than the war. But you are right you can find a small number of economics who believe otherwise. But most people are going to agree that it was teh spending that helped.
- NoLibertarians, on 04/14/2009, -10/+15The key word to the thread is "optimism", one of the things needed to end a recession
- vault, on 04/14/2009, -4/+9"Think about this on a personal level. If you have a bunch of debt and you can't afford to live, do you get another credit card to pay off that debt?"
The government isn't a person. If you have a bunch of debt and you get another credit card, your net worth will not increase as a result of that. When the government spends or cuts taxes, the GDP will grow as a result of it. The only problem is when the spending isn't stimulatory and just lines the pockets of special interests...which happens frequently, but doesn't negate the fact this is different than a personal credit card. - Ouze, on 04/14/2009, -2/+7If you're saving for retirement, it's always a good time to be buying stocks. Buy when the market is good, buy when the market is bad. Stick with it and go slow. never put in more then you can afford. Make sure to diversify. Ignore the day to day market trends, stick with it, and the closer you get to retirement, the more you should start shifting your savings into less risky investments.
All these ***** fast money, mad money type pushing constant trade type shows are part of the problem. - scyphozoa, on 04/14/2009, -4/+9i'm going to take out a loan to celebrate, TYRONE'S 450,000 CRACK PARTY!
- NoLibertarians, on 04/13/2009, -8/+13A link to another Digg site is not spam. You can't spam a site on it's own site.LOL. Relax Ray
- sloppychris, on 04/14/2009, -2/+7It worked then? When wasn't the worst of the depression in 1937?
- PrismoFillusion, on 04/14/2009, -5/+10Go ***** yourself you ignorant prick.
- inactive, on 04/14/2009, -1/+5we do know about it.
it's commercial real estate and high interest credit cards.
what would be really really bad would be if the US was hit with a massive natural disaster like a monster earthquake in Californian this year. - jabbajabba, on 04/14/2009, -3/+7Why on earth would I listen to the 'predictions' of anotherr banker?
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