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Old 01-30-2013, 15:22   #1
Mr981
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GDP drops in 4th qtr.

http://www.cnbc.com/id/100419252

Another one of those "didn't see it coming stories" from the financial gurus.

So, the first of a few down quarters (recession) or just a fluke?
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Old 01-30-2013, 15:59   #2
aircarver
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Communism doesn't work; never has.

When the "other people's money" runs out, everything crashes.

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Old 01-30-2013, 16:06   #3
rj1939
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England is heading into a triple dip recession...........the Royal Bank of Scotland said they are in an economy worse than the GD. Benji will blame them for it all.

The lies and schemes are wearing thin, everybody knows it is getting worse.
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Old 01-30-2013, 16:08   #4
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It's Bush's fault.
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Old 01-30-2013, 16:09   #5
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The recession that never ends.

Wait until the debt bubble bursts.

We're screwed. Interest rates have to remain low due to all of the debt incurred. If they rise, the fragile economy will crash. It's a no win scenario. We're in a hole that gets deeper by the day. As soon as Obamacare really kicks in, watch for the hole to get very deep.

There isn't a politician that can save us.
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Old 01-30-2013, 17:15   #6
Slug71
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Quote:
Originally Posted by Restless28 View Post
The recession that never ends.

Wait until the debt bubble bursts.

We're screwed. Interest rates have to remain low due to all of the debt incurred. If they rise, the fragile economy will crash. It's a no win scenario. We're in a hole that gets deeper by the day. As soon as Obamacare really kicks in, watch for the hole to get very deep.

There isn't a politician that can save us.
Agreed.
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Old 01-30-2013, 17:26   #7
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Obama won is the reason.

And the 4th quarter does not factor in 2013ís tax increases and spending cuts coming in March for another GDP hit.

Meanwhile, the stock market yawned. Damn the torpedoes, full speed ahead to-da-moon!
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