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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (49788)	5/8/2009 5:28:22 AM
From: energyplay	Respond to of 218098

Jeremy Grantham has a longish article here - seekingalpha.com He moves to being moderately bullish with a number of caveats. He points out that an expectation that the economy is improving can become something of a self-fullfilling prophecy. ********** my comment (energyplay) ****** >>> My best idea now is that we are recovering from the Lehman BK shock and awe SARS level end of the world panic, to something like a strong recession with structual stagflation issues because of too much debt. This requires the real goods moving economy to improve by the fall, and new unemployment claims to drop under 300,000 per month by October. That would be mean unemployment would stop increasing.

To: energyplay who wrote (49788)	5/8/2009 6:59:44 AM
From: carranza2	Read Replies (2) \| Respond to of 218098

I think the source for that article may be onto something but I doubt that the Animal Spirits book is animating policy. It is good to inspire confidence and optimism, but there is also a time for the bare naked truth to be told. This is one such time. And the bare naked truth is that the economy is screwed because of: 1. energy 2. deficits 3. enormous and unpayable debt, public, private and corporate 4. unemployment caused by shifting work overseas 5. entitlements which cannot be paid 6. an oligarchic and bloated financial system in control of our national legislatures 7. interventionist and incompetent Treasury and Fed America needs a Revolution in outlook, thinking and priorities, a new way of doing business.