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06-17-2009, 02:55 AM | #2 |
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Re: Economists see end to US downturn
I'm going to hold my breath.....
Or better yet...let's let this guy hold his breath... |
06-17-2009, 02:58 AM | #3 |
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Re: Economists see end to US downturn
HaHa, I like how it says "economists from some of the country's top banks say."
Oh that makes me feel a lot better, Doh! |
06-17-2009, 03:19 AM | #4 |
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Re: Economists see end to US downturn
Yahoo its over people will race to the streets and jump for joy wow guess that means that they will be calling all those GM and Chrysler workers back and those spin off jobs that they created for that industry . Oh god I`m so excited I`m going to sh*t myself ........... wait ... whats that sound ......... no is that the other shoe dropping or did someone just shut the door ? Derivatives what`s that mean ............. But the FED said everything was cool........... everything was turning around ........... And Obama just gavethem great new powers ...............OOOOOH SH*T
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06-18-2009, 11:57 PM | #5 |
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Re: Economists see end to US downturn
MORE great photos BROOK!
MISES ECONOMICS BLOG Do not give in to evil, but proceed ever more boldly against it. Just a Theory June 18, 2009 11:26 AM by S.M. Oliva | Other posts by S.M. Oliva | Comments (72) Through his various proposals, Barack Obama is intentionally prolonging and deepening the current economic collapse. He fully understands his proposals won't work. But nor is he a socialist committed to perpetual state ownership of capital. He is simply a thief seeking to pilfer as much wealth as he can for himself - and his allies - before retreating into a life of post-presidential leisure. The poor economy provides an excellent pretext for such theft, as the population is too concerned with its own survival to raise serious objections, and by the time the public becomes aware (and angry), Obama will have left office. SOURCE and COMMENTS: http://blog.mises.org/archives/01016...comment-557001 MELTDOWN By: Thomas E. Woods VIDEO: http://mises.org/multimedia/video/Woods_04-03-2009.wmv Last edited by peaceandlove; 06-19-2009 at 10:35 PM. |
06-19-2009, 12:16 AM | #6 |
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Re: Economists see end to US downturn
We hit 14.1% unemployment officially in michigan yesterday and are expected to go over 15% next year, I think it's more like next month than next year.
All in time , right! |
06-19-2009, 12:17 AM | #7 | |
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Re: Economists see end to US downturn
Quote:
By MARTIN CRUTSINGER, AP Economics Writer Monday, June 15, 2009 (06-15) 06:30 PDT WASHINGTON, (AP) -- Foreign demand for long-term U.S. financial assets fell in April as both China and Japan trimmed their holdings of Treasury securities. The Treasury Department said Monday that net purchases of stocks, notes and bonds obtained by foreigners fell to $11.2 billion in April, from $55.4 billion in March. China, the largest holder of U.S. Treasury securities, trimmed their holdings to $763.5 billion in April, from $767.9 billion in March. Japan, the second largest holder of Treasury securities, reduced their holdings to $685.9 billion, from $686.7 billion a month earlier. Treasury Secretary Timothy Geithner traveled to Beijing earlier this month to assure the Chinese government that the Obama administration is determined to get control of an exploding U.S. budget deficit, which is projected to hit a record $1.84 trillion this year. China's holdings of Treasury securities represent about 10 percent of America's publicly held debt. The administration has said while its aggressive moves to fight the recession and a severe financial crisis will push up the budget deficit temporarily, it intends to reduce the deficit as soon as the economic situation permits. With the government's borrowing needs soaring, there have been some concerns that foreign interest in holding U.S. debt might falter, causing interest rates to rise. The administration contends that recent increases in the interest rates for U.S. Treasury securities were not a sign of investor unease but a reflection of improving economic conditions. Article: http://www.sfgate.com/cgi-bin/articl...d=rss.business Last edited by peaceandlove; 06-19-2009 at 12:33 AM. |
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06-19-2009, 01:12 AM | #8 |
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Re: Economists see end to US downturn
A Tale of Two Depressions
Catherine and News & Commentary, June 18, 2009 at 11:06 am By Barry Eichengreen & Kevin H. O’Rourke Voxeu.org “This is an update of the authors’ 6 April 2009 column comparing today’s global crisis to the Great Depression. World industrial production, trade, and stock markets are diving faster now than during 1929-30. Fortunately, the policy response to date is much better. The update shows that trade and stock markets have shown some improvement without reversing the overall conclusion—today’s crisis is at least as bad as the Great Depression.” FULL Article and Charts Here: http://www.voxeu.org/index.php?q=node/3421 Excerpt: Conclusion To summarise: the world is currently undergoing an economic shock every bit as big as the Great Depression shock of 1929-30. Looking just at the US leads one to overlook how alarming the current situation is even in comparison with 1929-30. The good news, of course, is that the policy response is very different. The question now is whether that policy response will work. For the answer, stay tuned for our next column. |
06-19-2009, 01:14 AM | #9 |
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Re: Economists see end to US downturn
Well since the "top banks" are controlling the economy I guess they can make it recover, but I'll believe it when I see it. When the government is laying off employees you know it's bad.
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06-19-2009, 01:24 AM | #10 | |
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Re: Economists see end to US downturn
Quote:
WEDNESDAY, JUNE 17, 2009 22 Banks Downgraded By S&P Posted by Tyler Durden at 11:04 AM S&P continues to restore some semblance of credibility (at the zero sum expense of its Warren Buffett controlled peer), after it downgraded 22 banks earlier today, some of which rather viciously, and all for good cause. This is how the McGraw Hill company justified its action today: The actions reflect our belief that operating conditions for the industry will become less favorable than they were in the past, characterized by greater volatility in financial markets during credit cycles, and tighter regulatory supervision.The following is the list of banks that got the woodshed treatment. Article continues: http://zerohedge.blogspot.com/2009/0...aded-by-s.html |
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