The 2011 Depression

[SparrowHawk]

If you look for gloom and doom, you will find it, as you have done in your above post.

There are as many that say we are in a steady, yet slow, recovery.

Funny thing is I'm not seeing any in your reply. Just saying

 

[tech2101]

Funny thing is I'm not seeing any in your reply. Just saying

Didn't want to take the time to cut/paste supporting material.

In the financial world, anyone knows that you can find as many economists to support your position as you can those to refute it.

The end of the world as we know it predictions that you all are pining for are overrated.

 

[delldude]

Perhaps respected investor Harry Shultz's comment in his final newsletter this month states it best:

"Roughly speaking, the mess we are in is the worst since the 17th century financial collapse. Comparisons with the 1930's are ludicrous. We've gone far beyond that."


Far beyond, indeed. The future does not look bright.

Optomistic?

 

[signals]

Two years ago, I read this article!
'nuf sed 😛h34r:

 

[dapoes]

If you look for gloom and doom, you will find it, as you have done in your above post.

There are as many that say we are in a steady, yet slow, recovery.

Brahaahaha that's funny.

 

[delldude]

If you look for gloom and doom, you will find it, as you have done in your above post.

There are as many that say we are in a steady, yet slow, recovery.

Good point.........I ran recovery 2011 and come up with one article quite similar to info previously posted. You must be right........

 

[dapoes]

People still losing jobs, still losing their homes, that's a heckava recovery there! Great job o-bubbu!

 

[SparrowHawk]

Sorry I was busy clinging to my guns & religion. I came across this article while I was waiting for my Hope & Change. Oh well I guess I'll go clean Sweet Thing's Lady Baretta and wait for Barack to come for Bible study, Nice guy but he's so clingy.

Misery' Levels Hit 28-Year-High in US
Friday, 17 Jun 2011 04:22 PM
By Julie Crawshaw

The latest “Misery Index” shows that Americans are more miserable than they’ve been in the past 28 years, economically speaking.

The monthly index, an unofficial measurement created by economist Arthur Okun back in the 1970s using the simple premise to total the inflation and unemployment rates, is now 62 percent higher than when President Barack Obama first took office in 2009.

The May index is at 12.7 (9.1 percent unemployment and 3.6 percent annualized inflation). That compares to an all-time high of 21.98 in June 1980, and a historical low of 2.97 in July 1953. In 2011, it has inched up every month since January’s reading of 10.63.

“The good news is that other measures suggest conditions aren't quite that bad and over the next 18 months the gloom should lift a little,” a chief U.S. economist wrote in a Misery analysis reported by CNBC. “The bad news is that households won't be in the mood to boost their spending significantly for several more years.”

An alternative gauge, put forth in 1999 by Robert Barro, encompasses a wider swath of misery, measuring employment against the so-called “natural rate,” and comparing inflation against the previous 10 years. It also looks at whether gross domestic product is below its “potential” and compares yields on the 10-year Treasury note against the yields of the previous 10 years.

Capital Economics’ Paul Dales says the Barro Index is indicating that while things aren't expected to get dramatically better, the level of misery is probably at a peak and should roll back over the next 18 months.

“The upshot is that Americans might not be quite as miserable as the Okun misery index appears to suggest,” Dales said. “And as inflation falls back, some of the gloom will lift.”

Of course, predictions of misery vary depending on who you ask. For instance, USA Today reports that, according to Congressional Budget Office Director Douglas Elmendorf, much of the misery from the economic downturn still lies ahead for the American public.

 

[Dog Wonder]

If its not Communiss, its Greece, or gas prices, or the liberal media.

How about big business with big money, buying the political process?

Simpletons will support them for free, so they can express their hate for Obama.

 

[delldude]

If its not Communiss, its Greece, or gas prices, or the liberal media.

How about big business with big money, buying the political process?

Simpletons will support them for free, so they can express their hate for Obama.

Thought you were a smarter breed of hund than that. The Gleek economy is tied globally to all the other weak economies and when Humpty Dumpty falls......Oh well, you'll never understand.

How about politicians making promises they can't keep to you, me , unions and whatever.

You know, politicians Effing up the whole nine yards?

Its all about the 100 year agenda.

 

[Dog Wonder]

The rich acquire politicians.

The rest of us get screwed.

 

[dapoes]

Didn't want to take the time to cut/paste supporting material.

In the financial world, anyone knows that you can find as many economists to support your position as you can those to refute it.

The end of the world as we know it predictions that you all are pining for are overrated.

Translation: I have nothing, Know nothing.

 

[delldude]

The rich acquire politicians.

The rest of us get screwed.

Sounds like a bad case of penis envy to me.

 

[Dog Wonder]

The right are the ones obssessed with Weiner.

I guess it takes their minds off of their free shoveling stables for the rich.

 

[delldude]

The right are the ones obssessed with Weiner.

I guess it takes their minds off of their free shoveling stables for the rich.

Funny, Nancy and Harry and Barry were the ones obsessed......cut into campaign contributions for the DNC you know....