Earliest I see us starting to come back is 2010. I think we're in for some more tough times this summer unfortunately.
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Correct me if i'm wrong but I don't think that he even mentioned Glenn Beck.
Where did you obtain this information from ?
If it's not glenn beck, then he needs to stop listening to whoever is stupid and less famous to whom he is listening.
If you want to know, I'll explain why I think we'll be out by the end of the year. First, though, you have to promise you're not an internet crazy person.
If it's not glenn beck, then he needs to stop listening to whoever is stupid and less famous to whom he is listening.
What if he is actualy listening to someone who is not stupid and is famous , would that change your mind ?
If you want to know, I'll explain why I think we'll be out by the end of the year. First, though, you have to promise you're not an internet crazy person
You will have to prove that to me first , that your not.
Stop listening to Glenn Beck. The recession will be over by the end of the year, and your 401k will be back up some time next year.
Um, who is Glen Beck? I think I've heard of him before, but can't place him. I've never seen him in the WSJ or IBD, but then again I dont read the whole thing either.
Apart from the WSJ, I look at reports and research from the Fed, SEC, and read a fair amount of academic economists, both in the US, and worldwide. I dont watch TV, nor listen to radio for economic news as those folks were so out of touch before, and now, I'm sure they are way off in fantasy land.
The worlds governments are walking a tightrope, and my guess is there is just not enough political will to do much more than try to manage de-leveraging, albeit with a sub par set of tools.
I could be wrong though... if one government in the G20 gets it right, and/or we get a positive black swan, things could change pretty fast.
__________________ [SIZE="1"]To those that are cast down on account of their sins Christ must be introduced as a Savior and Gift, and not as an example. But to sinners who live in a false assurance, Christ must be introduced as an example. The hard sayings of Scripture and the awful judgments of God upon sin must be impressed upon them. Defy Satan in times of despair. Say: "O cursed Satan, you choose a nice time to talk to me about doing and working when you know very well that I am in trouble over my sins. I will not listen to you. I will listen to Christ, who says that He came into the world to save sinners. This is the true Christ and there is none other. I can find plenty of examples for a holy life in Abraham, Isaiah, John the Baptist, Paul, and other saints. But they cannot forgive my sins. They cannot save me. They cannot procure for me everlasting life. Therefore I will not have you for my teacher, O Satan."[/SIZE]
[CENTER]Martin Luther, Commentary on Galations 5:8[/CENTER]
If you want to know whether the current 'recession' will end soon, just keep your eyes on the fundamentals. What we had in the world was a falsely optimistic splurge of spending based on gambling that we would all be able to pay off the debt in future years. Unfortunately we were all spending many times what we were earning, (I'm obviously generalizing), and it couldn't be maintained. Now the world is in debt for many times what it actually produces, and only a total wiping out of the debt will allow a proper recovery. As long as the debt remains, the economy is in the hands of the creditors at the top of the tree (ie. the ones with the most and biggest guns), and any real production in the economy will be handed over to them first, and the rest will be rationed out to the rest of us. Don't be fooled by the talk of 'green shoots' etc. The world is in a real mess, and the worst is yet to come.
My belief is that a World War is looming, because America and it's allies need resources to maintain it's strong position in the world, and will kill to get them. War means poverty as production goes into making stuff that goes BOOM rather than cars, fridges and big houses.
Whatever happens, mere survival will be the lot for most of us as the government has to be the charity of last resort.
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Psa 2:1 Why do the nations plot, and why do their people make useless plans?
Mat 16:6
And Jesus said to them, Take heed, and beware the leaven (lies) of the Pharisees (law makers) and of the Sadducees (ruling classes).
What are your opinions on when this reccesion will end? It seems some investors say it will end around the end of this year..Stocks are cheap now, do you think taking advantage of these low prices is good idea? Or have you not hit the bottom yet?
You do the math I invested in ford in march $2.56 sold for $4.24 wished I had held on a little longer. Im gonna get back in though real soon. Made a %200 percent gain over the last four business days SPNG You figure it out "SHOULD YOU GET IN YET OR NOT" Don't let the voice of prognostication keep you from your blessing. Sit in God's presence until he moves you then do what he tells you don't let what it looks like in the natural to move you be moved by what he tells you
__________________ And Elisha said, I pray thee, let a doubleportion of thy spirit be upon me
And Elijah answered and said to the captain of fifty, If I be aman of God, then let fire come down from heaven, and consume thee and thy fifty. And there came down fire from heaven, and consumed him and his fifty.
Do you ever get tired of your doomer drivel? You're sounding more and more like MATTMARRIOTT all the time.
Ok, then tell me why the fundamentals of the economy support a positive view? Just 'thinking positive' doesn't cut it. Show me the logical and substantive basis of a positive expectancy on the economy and I will take it into consideration. And short term 'I made 200% in 4 months' isn't enough. Some people will always make money in a depression, but the vast majority still suffer.
For the record, people running up and down the beaches of Indonesia and Thailand warning people that a tsunami was coming and to flee weren't 'doom and gloomers', they were realists!
Actually, as a commercial finance broker I have a vested interest in being WRONG about my predictions, and I don't like having to deal with what is happening now and coming soon, but I am not about to stick my fingers in my ears, close my eyes and hum 'happy days are here again' just to try to make myself feel better.
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Psa 2:1 Why do the nations plot, and why do their people make useless plans?
Mat 16:6
And Jesus said to them, Take heed, and beware the leaven (lies) of the Pharisees (law makers) and of the Sadducees (ruling classes).