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Economy Shrinks

Discussion in 'Political Issues' started by aircarver, Jan 30, 2013.

  1. series1811

    series1811 Enforcerator. CLM

    I think the correct news is that the "economy unexpectedly shrinks" (at least he way the MSM reports it.

    Looks like more and more QE's coming.
     


  2. aircarver

    aircarver Ride Continues Silver Member

    What was that definition of 'insanity' again ? ... :frown:

    .
     
  3. callihan_44

    callihan_44 INFIDEL

    5,300
    1,765
    Aug 19, 2010
    Flyover,USA
    i swore i heard someone say we were brought back from the brink...anyway I think everyone has given up the economy getting fixed, now it's just line up for the freebees..what other choice is there?
     
  4. Agsuper1

    Agsuper1

    36
    0
    Dec 29, 2012
    Cypress, Tx
    Cloward and Piven. Another words collapse the system.
     
    Last edited: Jan 30, 2013
  5. What amazes me is the complacency in the markets. You would think the Dow would be down 500 points today. We are however about to complete a huge double top which suggests the eventual re-test of the March '09 lows. The fundamentals also speak to a tortuously long, dragged out bear market. Say, four years?
     
  6. Paul7

    Paul7 New Guy

    15,077
    1,507
    Dec 16, 2004
    East of Eden
    'Surprise' was the word used in the article. These nitwits have been surprised for four years.
     
  7. cowboy1964

    cowboy1964

    19,745
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    Sep 4, 2009
    U.S.A.
    Consumer confidence has plunged now that people have realized their pay has been cut 2% (which goes to show how closely they DON'T pay attention to things. This wasn't a surprise). If the GDP keeps going like this look for Obama and Congress to reinstate that cut, along with maybe a one time tax credit of $2000 or something.

    I am paring back my stock holdings some today.
     
    Last edited: Jan 30, 2013
  8. cowboy1964

    cowboy1964

    19,745
    2,154
    Sep 4, 2009
    U.S.A.
    I read an article yesterday how 2013 is shaping up to look a lot like 1987. The Dow was up 40% in '87 before the 41% decline in the fall.
     
  9. LASTRESORT20

    LASTRESORT20 LongTerm-Guy

    18,563
    26,253
    Aug 10, 2010
    NC