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

To: Road Walker who wrote (123389)	10/10/2012 5:29:38 PM
From: RetiredNow	Read Replies (3) \| Respond to of 149317

I never said a recession in January. You are starting to sound like a propagandist. I said we'd see the start of a new recession in the first half of 2012. We won't know if that actually happened until sometime in 2013, when NBER comes back and marks the start and end dates of any recession that might occur in 2012. So the jury is still out. But if you look at all the numbers, we saw the beginning of a major economic swoon in May that continues to this day. Now, we're seeing companies in almost every industry start to hunker down with the full expectation that tough times are dead ahead. I suspect we will see terrible Q3 earnings numbers from companies in the US and things will continue to deteriorate as we go into Q4 and the beginning part of 2013. Look, we've had an lukewarm upturn in the business cycle since March of 2009. We're due for a recession. Even the Fed can't banish the business cycle, though, Lord knows they've tried. It's amazing to what lengths you all go to in order to deny all the evidence that we're in a downturn.