More Doom and Gloom

[tsptalk]

More Doom and Gloom...

25 Questions To Ask Anyone Who Is Delusional Enough To Believe That This Economic Recovery Is Real

"Any “recovery” that the U.S. economy is experiencing is illusory and will be quite temporary. The entire financial system of the United States is falling apart, and the powers that be can try to patch it up and prop it up for a while, but in the end this thing is going to come crashing down."

What do you think? Are we in a recovery, or is it an illusion?

 

[CountryBoy]

Those facts sure are hard to ignore and anyone that does well..... they get what the deserve, but unfortunately us and our future innocents get sucked into this vortex. :worried:

 

[James48843]

Michigan sees sharpest income plunge in nation

Mike Wilkinson / The Detroit News

For most families in Michigan, the long-running recession has meant a simple, unrelenting truth: living with less. And census data released on Tuesday shows how much less -- the state's median household income fell by more than $12,000 over the last decade -- the equivalent of trimming $1,000 from a family's monthly budget.

The drop was stunning in both its size and its singularity: No other state came close to losing the estimated 21.3 percent of its median income between 2000 and 2009, and no state endured the 6.5 percent drop seen from 2008 to 2009.


From The Detroit News: http://detnews.com/article/20100929/METRO/9290370/1409/rss36#ixzz10utONFZ3​

 

[Show-me]

More Doom and Gloom...

25 Questions To Ask Anyone Who Is Delusional Enough To Believe That This Economic Recovery Is Real

"Any “recovery” that the U.S. economy is experiencing is illusory and will be quite temporary. The entire financial system of the United States is falling apart, and the powers that be can try to patch it up and prop it up for a while, but in the end this thing is going to come crashing down."

What do you think? Are we in a recovery, or is it an illusion?

Illusion and it will have to correct itself soon enough. All of the government stimulus just made the same companies that got us in this mess richer and provided opportunities for the executives to exit and traders to make another quick buck.

Little guy is going to get sucked back in and then the flush will happen.

 

[Birchtree]

An economic recovery is in progress and the longer it takes the better the market will do.

 

[tsptalk]

Illusion and it will have to correct itself soon enough. All of the government stimulus just made the same companies that got us in this mess richer and provided opportunities for the executives to exit and traders to make another quick buck.

It's interesting that economists came out saying the recession ended in June of 2009. At that point only 6% of the initial stimulus had been spent.

 

[Birchtree]

Read my thread #9456 for the real drill down on the potential recovery - never short the U.S.

 

[Frixxxx]

Tha'ts interesting.

I think many confuse what a "recession" is.
Its technical definition is very specific...a 2Q pattern of negative GDP.

Besides some weird apostrophe placement, FWM is correct. Technicals never really are impressive, but they're true.

Here is a good article:

Water Cooler Finance: The End Of The Recession
Posted: September 27, 2010 10:10AM by Michael Deane
Last week left investors and many others in an optimistic mood. To start things off, the National Bureau of Economic Research (NBER) announced that the recession has been over for more than a year; this release left many scratching their heads thinking "well, did anyone tell that to the stock market or the employment rate?"
more

 

[Show-me]

It's interesting that economists came out saying the recession ended in June of 2009. At that point only 6% of the initial stimulus had been spent.

Buffett don't believe it, but he is just one man.