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GDP drops in 4th qtr.

Discussion in 'The Okie Corral' started by Mr981, Jan 30, 2013.

  1. Mr981

    Mr981

    2,331
    328
    Dec 27, 2000
    N. Central OH
    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?
     
  2. aircarver

    aircarver Ride Continues Silver Member

    Communism doesn't work; never has.

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

    .
     

  3. 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.
     
  4. czsmithGT

    czsmithGT

    11,516
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    Jan 8, 2004
    It's Bush's fault.
     
  5. 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.
     
  6. Slug71

    Slug71

    4,499
    10
    Mar 7, 2010
    Oregon - U.S.A
    Agreed.
     
  7. Flying-Dutchman

    Flying-Dutchman

    5,758
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    Oct 10, 2007
    Obama won is the reason.

    And the 4th quarter does not factor in 2013’s 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!