Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (113335)	5/10/2012 10:02:48 AM
From: Road Walker	Read Replies (3) \| Respond to of 149317

Those are the facts. You are now trying to rewrite history, but I'm not going to let you do that. Speaking of which... advisorperspectives.com

To: RetiredNow who wrote (113335)	5/10/2012 11:52:15 AM
From: tejek	Read Replies (1) \| Respond to of 149317

No, you are full of shit. ECRI very publicly said we were headed for a recession and told us the timeline. They said FIRST HALF OF 2012. In May, 2011, he warned the members of Real Money that a recession was inevitable. He then went public in Sept of that year and said that the US economy was "tipping" into recession. Tipping into recession does not mean near the end of 2012 or even the first half of 2012. It means right then. Tipping is an active verb......not a passive one. Even if we go into recession RIGHT NOW, NBER, which is the org that officially declares recessions, won't make the call until 6-9 months AFTER a recession has started. So we won't know whether ECRI correctly called a first half 2012 recession until early 2013. We can't go into a recession now. By definition, we have to have two quarters of negative GDP growth for it to be called a recession. We have yet to have one negative quarter. Those are the facts. You are now trying to rewrite history, but I'm not going to let you do that. Like most Rs, I don't think you know what facts are.