Bernancke on the recession

[kallend 2,231]

online.wsj.com/article/BT-CO-20090915-711925.html?mod=rss_Global_Stocks

This is sure to piss off the righties.

...

The only sure way to survive a canopy collision is not to have one.

[justinb138 0]

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online.wsj.com/article/BT-CO-20090915-711925.html?mod=rss_Global_Stocks

This is sure to piss off the righties.

Well, if I had any faith that Bernanke had any clue what he was talking about it might.

How can he predict that it's over when he couldn't predict it was coming?

How can he smart enough to "fix" something, but not smart enough to prevent it from happening in the first place?

[airdvr 210]

http://www.bls.gov/news.release/empsit.nr0.htm

Nonfarm payroll employment continued to decline in August (-216,000),
and the unemployment rate rose to 9.7 percent, the U.S. Bureau of Labor
Statistics reported today. Although job losses continued in many of the
major industry sectors in August, the declines have moderated in recent
months.

http://www.census.gov/const/newresconst.pdf

HOUSING STARTS
Privately-owned housing starts in July were at a seasonally adjusted annual rate of 581,000. This is 1.0 percent (±8.5%)* below the
revised June estimate of 587,000 and is 37.7 percent (±5.1%) below the July 2008 rate of 933,000.
Single-family housing starts in July were at a rate of 490,000; this is 1.7 percent (±7.1%)* above the revised June figure of 482,000.
The July rate for units in buildings with five units or more was 80,000.

Oh yeah...it's over baby!

Please don't dent the planet.

Destinations by Roxanne

[dsandreas 0]

You have got to be joking. The Fed along with Wall Street and the Obama administration are trying to keep the façade up as long as possible. It will all come crashing down…whether its two weeks, two months, or longer remains to be seen.

Unemployment is still high with no improvement in sight, massive number of late mortgages heading for foreclosure, commercial real estate is now in the tank, and massive government overspending continues. Many of the economists who predicted the 2008 debacle are predicting another one with this fake recovery.

I have sold 80% of my equities over the last three weeks. When the market drops a couple thousand points I will bring this thread back. A house of cards will normally collapse at some point.

Jobless recovery in 2009: 24,000,000 google hits

[riddler 0]

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It will all come crashing down…whether its two weeks, two months, or longer remains to be seen.

How about four or five years from now? That seems to be about the cycle. Then after the market gains all the way back to full strength, piddles, then dies in four or five years, you can stand up and say "see, I told you so".

And the liberals will blame the conservatives, and vice-versa.

Trapped on the surface of a sphere. XKCD

[dsandreas 0]

It won't be four or five years...it will be months from now that we drop a thousand or two on the Dow. Yes...I will mention you were wrong also.

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It will all come crashing down…whether its two weeks, two months, or longer remains to be seen.

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How about four or five years from now? That seems to be about the cycle. Then after the market gains all the way back to full strength, piddles, then dies in four or five years, you can stand up and say "see, I told you so".

And the liberals will blame the conservatives, and vice-versa.

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