Keep your eye on the ball, folks. If you're floating along on easy credit, it's time now to pull back.
Do you think shrub has awoken yet to the poor timing of his presidential selection, and the coming backlash against his misplaced priorities ? He will. In time, he will.
The following thread is not one full of liberals. That should be warning enough :
prudentbear.com
GWB said that the economic "recovery" is coming very slowly. What he really meant to say is that it isn't recovering at all. To hear Bush say the words (slow recovery),
should make you quite aware that things are deteriorating fast.
There's no way Bush would have sounded as negative as he did unless there was absolutely no way he could spin things without being held accountable for a bold faced
lie.
In addition to "slow recovery", he also said, (he's) "worried about American families."
If the economy was improving, then what is he so worried about?
If he wanted to be fully honest he would have said, "The economy is not recovering and (YOU) should be worried about it." "not only should YOU be worried about it, if you
have any sense at all, you'll make sure you are going to be financially able to meet you and your familie's essential needs." "There is no foreseeable bottom as far as I or my
financial advisors can see."
It's all there, you just have to read between the lines.
The USA economic recession hasn't even started yet and Japan is in an outright collapse.
The USA is going into a recession. A recession is 2 consecutive quarters of negative GDP growth. There has been no negative quarters of growth so far.
The recession hasn't even started yet. If he's worried now, he'll be a basket case by mid-summer 2002.
I think we avert a negative GDP number until later in 2002 as the holiday season will probably keep The GDP above negative growth for the fourth quarter. After that many will
be astounded by the lay-offs that will occurr. The US has seen recessions before. It's been so long many cannot remember the unemployment, forclosures, and
despondency.
What will prove most devastating is that too many are leveraged in debt now. The danger of keeping the bubble afloat like the FOMC and other US monetary agencies did is
that it creates a false sense of security. Bubbles tend to make things look sturdier than they really are. The overall fallout from tremendous debt default coupled with the
coming recession could culminate in a depression that is so devastating to mankind that the only comparison I can make is to the lost city of Atlantis.
You have to be learn to be cunning now.
prudentbear.com
Bush is depressing all by himself. An economic recovery is coming very slowly? I'd say El Presidente's synapses are coming along very slowly. Once again the Commander in
Chief, his shrubness, misses, (or perhaps that should be Mises), by a country mile. There is NO recovery. The economic ship of state is listing badly, and the next moderate
sized wave is going to capsize the venerable yet vulnerable U.S.S Economy in unmistakable fashion. At that point, even cluless George will recognize which end is up. His
advisors/handlers, (the few that aren't equally off the beam that is), will inform him. It won't be an enviable task. |
