close

Privacy guaranteed - Your email is not shared with anyone.

Is a Recession Now Guaranteed?

Discussion in 'Political Issues' started by Flying-Dutchman, Nov 7, 2012.


  1. Flying-Dutchman

    Flying-Dutchman
    Expand Collapse

    Joined:
    Oct 10, 2007
    5,758
    267
    Some talking heads on the business channels say a recession is guaranteed.

    Business people are saying Obama has 3 days to assure the markets.

    His can do one of 2 things:

    Preserve his legacy by saving the economy

    or

    Fundamentally transform the United States of America.
     

    Wanna kill these ads? We can help!
  2. Restless28

    Restless28
    Expand Collapse

    Joined:
    Jun 10, 2008
    16,152
    2
    Location:
    Solsbury Hill
    The majority spoke yesterday. They support taking us all over the edge of the cliff.
     

  3. aircarver

    aircarver
    Expand Collapse
    Ride Continues
    Silver Member

    Joined:
    May 26, 2002
    27,421
    3,126
    Location:
    Ft. Worth, Republic of Texas
    & now, no one will be trying to stop it ... :frown:

    .
     
  4. unit1069

    unit1069
    Expand Collapse

    Joined:
    Oct 10, 2007
    8,114
    163
    Location:
    So. Central US
    Yes, in my opinion a double-dip recession --- and possibly a depression --- is unavoidable. Employers can no longer keep full-time employees with CareBarry forcing crippling healthcare costs onto their balance sheets.

    Defense industries who were cowed into violating US law by Team Obama will in the next couple of week announce the tens of thousands of layoffs starting in 2013, announcements that by law were due last month.

    Where are the funds going to come from to support all those newly laid off workers while simultaneously paying for all the welfare checks and free cellphones for America's Dependent Class? We're facing massive Social Security, Medicare, and entitlement shortfalls with no viable solutions and an unaccountable Marxist president who visions himself a transformational historical figure who has shown his determination to let America sink rather than compromise one whit.

    I'm shorting the market on the first decent bounce, since it was already too late for me to do so this morning. The stock and bond markets are going to crash, and I'm glad I went to cash about three weeks ago, fearing just this election outcome.
     
    #4 unit1069, Nov 7, 2012
    Last edited: Nov 7, 2012
  5. DanaT

    DanaT
    Expand Collapse
    Pharaoh

    Joined:
    Feb 1, 2005
    23,249
    1,646
    Location:
    CO & Baden –Württemberg
    Have you ever had to call your wife and tell her there is a 30% chance that the family will be moving to another country right after Xmas?

    My day is not going so well. And I thought jury duty was bad....
     
  6. nursetim

    nursetim
    Expand Collapse

    Joined:
    Mar 1, 2006
    13,674
    6,008
    Location:
    liberalville N. M.
    I don't know but my depression started last night. Although, if Romney had won, it would have been just postponing the inevitable. HWSNBN will lead the US to the end quicker.
     
  7. arclight610

    arclight610
    Expand Collapse

    Joined:
    Dec 2, 2009
    3,038
    0
    A new era of prosperity is here now that Obama has rightfully secured his place.
     
  8. JackMac

    JackMac
    Expand Collapse

    Joined:
    Mar 13, 2011
    845
    2
    Location:
    TX
    going down the drain. After 26 years in business, I am closing shop before the end of the year. Just don't have it in me to do it before Christmas....thinking about my employees. Well at least they can apply for unemployment come January. Thank you very much Mr. President. Thank you.
     
  9. arclight610

    arclight610
    Expand Collapse

    Joined:
    Dec 2, 2009
    3,038
    0
    What is your business?
     
  10. svtpwnz

    svtpwnz
    Expand Collapse

    Joined:
    Nov 19, 2010
    2,691
    1,378
    Location:
    SC
    +1 I hope you don't close your business just because of the election turnout. We own a business also and have made changes to how we operate. We didn't replace a few FT employees that left and hired part time folks to fill in where needed.

    We have no plans of closing the doors but certainly had to make changes to slim down payroll and operating costs. We were planing on replacing several vehicles and now that and a few other purchases are not going to happen anytime soon.

    I wish you the best on your buisness and hope you decide to stay in the game. :wavey:
     
  11. Mrs.Cicero

    Mrs.Cicero
    Expand Collapse
    Wayward Member

    Joined:
    Aug 13, 2004
    4,404
    286
    Location:
    far from home
    WTH? We've been in a recession for years. We're heading for a depression. No, a Depression, the likes of which we haven't seen since 1929. Take your rose-colored glasses off, people.
     
  12. Dennis in MA

    Dennis in MA
    Expand Collapse
    Get off my lawn

    Joined:
    Aug 16, 2001
    42,700
    2,807
    Location:
    Taunton, MA
    I feel better correcting that post. ;)
     
    #12 Dennis in MA, Nov 7, 2012
    Last edited: Nov 7, 2012
  13. MtBaldy

    MtBaldy
    Expand Collapse
    Obie Wan, RIP

    Joined:
    Jul 21, 2005
    10,921
    5
    Location:
    At the beach
    This.

    Ain't going to be no recession folks, we're headed for full on "where's my next meal coming from" depression. Think Argentina after 2001:

    http://www.peakprosperity.com/blog/argentina-case-study-how-economy-collapses/59179
     
  14. Dennis in MA

    Dennis in MA
    Expand Collapse
    Get off my lawn

    Joined:
    Aug 16, 2001
    42,700
    2,807
    Location:
    Taunton, MA
    BTW - And some of you vote. :rofl:
     
  15. michael_b

    michael_b
    Expand Collapse
    BRC #1492

    Joined:
    Sep 3, 2011
    994
    36
    Location:
    Kansas

    Technically since 2000, We never pulled out of it.
     
  16. Dennis in MA

    Dennis in MA
    Expand Collapse
    Get off my lawn

    Joined:
    Aug 16, 2001
    42,700
    2,807
    Location:
    Taunton, MA
    We pulled out. Recession is a very specifically defined term. But we've never gotten past the economic high (albeit artificial) we hit in 2000.
     
  17. curlysir

    curlysir
    Expand Collapse

    Joined:
    Aug 15, 2011
    454
    2
    Location:
    NE Texas
  18. Zombie Surgeon

    Zombie Surgeon
    Expand Collapse
    MODELATOR

    Joined:
    Sep 6, 2012
    1,714
    0
    Recession? No.
    Depression yes.
     
  19. camelotkid

    camelotkid
    Expand Collapse
    non-believer

    Joined:
    Apr 27, 2009
    1,937
    0
    Location:
    Oak Ridge, TN
    well technically that recession ended we just have yet to fully recover from it. But honestly I think we are on an upward swing and it would not have mattered who won the election.


    Furthermore if any of you that are predicting a double dip are the same ones who were predicting a Romney win you obviously are not good at predicting so just sit down and be quite.
     
  20. devildog2067

    devildog2067
    Expand Collapse

    Joined:
    Apr 20, 2005
    16,076
    763
    Location:
    Chicago
    It's not going to be anything like Argentina.

    You know the saying "if you owe the bank a thousand dollars, you have a problem... if you owe the bank a billion dollars, the bank has a problem"?

    Argentina defaulted on $132 billion of sovereign debt. We have 100x that much outstanding.

    Our decline is going to take much longer, go much slower, and we're not going to bounce back from it in ten years the way Argentina did.