close

Privacy guaranteed - Your email is not shared with anyone.

Economy Shrinks

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

  1. aircarver

    aircarver Descent Terminated Silver Member

    Messages:
    30,667
    Likes Received:
    8,663
    Joined:
    May 26, 2002
    Location:
    Ft. Worth, Republic of Texas
  2. series1811

    series1811 Enforcerator. CLM

    Messages:
    11,385
    Likes Received:
    19
    Joined:
    Apr 27, 2003
    Location:
    Retired, but not expired.
    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.
     

  3. aircarver

    aircarver Descent Terminated Silver Member

    Messages:
    30,667
    Likes Received:
    8,663
    Joined:
    May 26, 2002
    Location:
    Ft. Worth, Republic of Texas
    What was that definition of 'insanity' again ? ... :frown:

    .
     
  4. callihan_44

    callihan_44 INFIDEL

    Messages:
    6,413
    Likes Received:
    4,746
    Joined:
    Aug 19, 2010
    Location:
    Muslim no-go zone
    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?
     
  5. Agsuper1

    Agsuper1

    Messages:
    36
    Likes Received:
    0
    Joined:
    Dec 29, 2012
    Location:
    Cypress, Tx
    Cloward and Piven. Another words collapse the system.
     
    Last edited: Jan 30, 2013
  6. beforeobamabans

    beforeobamabans FYPM

    Messages:
    5,596
    Likes Received:
    3
    Joined:
    Jan 8, 2009
    Location:
    Crossroads of America
    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?
     
  7. Paul7

    Paul7

    Messages:
    18,921
    Likes Received:
    4,839
    Joined:
    Dec 16, 2004
    Location:
    East of Eden
    'Surprise' was the word used in the article. These nitwits have been surprised for four years.
     
  8. cowboy1964

    cowboy1964

    Messages:
    23,675
    Likes Received:
    5,261
    Joined:
    Sep 4, 2009
    Location:
    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
  9. cowboy1964

    cowboy1964

    Messages:
    23,675
    Likes Received:
    5,261
    Joined:
    Sep 4, 2009
    Location:
    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.
     
  10. LASTRESORT20

    LASTRESORT20 L T G

    Messages:
    23,479
    Likes Received:
    37,290
    Joined:
    Aug 10, 2010
    Location:
    35° 13' 36" N / 80° 50' 35" W
    Who is surprised? besides idiots..........