Many Now predicting Double-Dip Recession

[Fern]

It doesn't look good folks. Lately I 've been hearing economists and financial types on TV speak of emerging signs that we'll soon enter anoth phase of recession or even depression (Klugman in particular).

25 signs of a double-dip recession approaching:

http://www.dailymarkets.com/economy...-expecting-a-us-double-dip-recession-in-2010/

A technical explanation for why a double dip recession looks imminent:

http://www.hussmanfunds.com/wmc/wmc100628.htm

For many of us who felt the Dem's stimulous package was poorly designed, this was our fear - we now don't really have any money left to try again but get it right. We blew good money on bad medicine and now can't afford the real cure.

Am curious to see the June employment data.

Fern

 

[drebo]

Two words: FUCKING DUH!

 

[zephyrprime]

Let me go on record here are say that I also predict a "double dip recession". I do not like that phrase because I think it is more proper to say that the financial crisis never ended.

I expect that the recession will technically begin at the beginning of next year but it will not be recognized right away. The euro crisis will be the locus of this stage of the crisis rather than subprime.

 

[GuitarDaddy]

I think the economy will flounder for quite some time, but I doubt we will see a true double dip recession (negative GDP for 2 consecutive qtrs), I think all the experts are bearish because they didn't see the typical sustained post recession bounce that normally occurs, but this was a different recession than those in the past.

 

[Fern]

Two words: FUCKING DUH!

I suppose some may say that.

But I've been following what the economists are predicting on-and-off for some months now. E.g., a fairly recent CFO magazine had articles from about a dozen well known economists with their predicitions. About the only concensus was that the recovery would not be the deep "V" type that we usually see.

Seeing more of them move to a "W" shape is discouraging.

Fern

 

[MJinZ]

It doesn't look good folks. Lately I 've been hearing economists and financial types on TV speak of emerging signs that we'll soon enter anoth phase of recession or even depression (Klugman in particular).

25 signs of a double-dip recession approaching:

http://www.dailymarkets.com/economy...-expecting-a-us-double-dip-recession-in-2010/

A technical explanation for why a double dip recession looks imminent:

http://www.hussmanfunds.com/wmc/wmc100628.htm

For many of us who felt the Dem's stimulous package was poorly designed, this was our fear - we now don't really have any money left to try again but get it right. We blew good money on bad medicine and now can't afford the real cure.

Am curious to see the June employment data.

Fern

I predicted a double dip great recession months ago.

People are fools to think the economy will just recover magically. 5 years is what it will take, at least.

 

[nobodyknows]

I pray and hope all we see is a douple dip recession.

 

[sandorski]

When he was calling for a $2.4Trillion Stimulus, were you enthusiastic then? He was rather disappointed with the First Stimulus and was openly worrying about a Double Dip when it was passed.

Many of y'all don't want to see a second Stimulus, but if it becomes necessary, y'all will be better off getting it than not.

 

[Fern]

When he was calling for a $2.4Trillion Stimulus, were you enthusiastic then? He was rather disappointed with the First Stimulus and was openly worrying about a Double Dip when it was passed.

Many of y'all don't want to see a second Stimulus, but if it becomes necessary, y'all will be better off getting it than not.

Will we?

It's not just "stimulous". It's how that stimulous is designed.

If the next one looks like the last one, I'm not interested in it and hope it doesn't pass. And my current concern is that we may not have the money even if we could craft a super effective new stimulous plan. At some point the level of debt becomes self-defeating.

BTW: Given what they did (or didn't do) with the approx $1 trillion I'm damn glad it wasn't $2.4T

Fern

 

[MJinZ]

Will we?

It's not just "stimulous". It's how that stimulous is designed.

If the next one looks like the last one, I'm not interested in it and hope it doesn't pass. And my current concern is that we may not have the money even if we could craft a super effective new stimulous plan. At some point the level of debt becomes self-defeating.

Fern

Bankruptcy woohooo

 

[GoPackGo]

you want to stimulate the economy? cut mortgage rates for every mortgage holder to 4%, cap current credit card interest at 8%, regulate the financial industry to not give credit cards to those who cant afford them. There are alot of people who make money but the disposable income is very low now or none. Encourage retailers to return to law-away-plans. The economic fire needs to be stoked bad.

 

[classy]

It doesn't look good folks. Lately I 've been hearing economists and financial types on TV speak of emerging signs that we'll soon enter anoth phase of recession or even depression (Klugman in particular).

25 signs of a double-dip recession approaching:

http://www.dailymarkets.com/economy...-expecting-a-us-double-dip-recession-in-2010/

A technical explanation for why a double dip recession looks imminent:

http://www.hussmanfunds.com/wmc/wmc100628.htm

For many of us who felt the Dem's stimulous package was poorly designed, this was our fear - we now don't really have any money left to try again but get it right. We blew good money on bad medicine and now can't afford the real cure.

Am curious to see the June employment data.

Fern

LOL
It is sad, no it is f'in sad to see you and a few others actually hoping and posting with such giddyness for economic failure just so you can hope Obama goes down in an election. Patriotism at its highest.......

 

[theeedude]

There is plenty of money left to avert it, there is just NO political will to do so.
Austerity measures around the world are going to guarantee a double dip recession or worse.
The Dems package was too small and too targeted to amorphous tax cuts and not to direct government spending. It needs to be increased and refocused.

 

[MJinZ]

Look:

http://en.wikipedia.org/wiki/Gilded_Age

We are at Gilded Age #2.

 

[sandorski]

you want to stimulate the economy? cut mortgage rates for every mortgage holder to 4%, cap current credit card interest at 8%, regulate the financial industry to not give credit cards to those who cant afford them. There are alot of people who make money but the disposable income is very low now or none. Encourage retailers to return to law-away-plans. The economic fire needs to be stoked bad.

That's not Stimulus.

 

[sandorski]

Will we?

It's not just "stimulous". It's how that stimulous is designed.

If the next one looks like the last one, I'm not interested in it and hope it doesn't pass. And my current concern is that we may not have the money even if we could craft a super effective new stimulous plan. At some point the level of debt becomes self-defeating.

BTW: Given what they did (or didn't do) with the approx $1 trillion I'm damn glad it wasn't $2.4T

Fern

Agreed, the Tax Cuts were a poor choice. Debt does eventually become a problem, but Economic shrinkage is a worse problem.

 

[MJinZ]

you want to stimulate the economy? cut mortgage rates for every mortgage holder to 4%, cap current credit card interest at 8%, regulate the financial industry to not give credit cards to those who cant afford them. There are alot of people who make money but the disposable income is very low now or none. Encourage retailers to return to law-away-plans. The economic fire needs to be stoked bad.

Stoke the fire. Stoke it good. And watch it all burn down.

 

[MotF Bane]

LOL
It is sad, no it is f'in sad to see you and a few others actually hoping and posting with such giddyness for economic failure just so you can hope Obama goes down in an election. Patriotism at its highest.......

Do you know how to read?

 

[Fern]

Agreed, the Tax Cuts were a poor choice. Debt does eventually become a problem, but Economic shrinkage is a worse problem.

There weren't really any tax cuts in the stimulous bill.

The vast majority were subsidies to lower income types. It's only for political reasons and administrative convience they are even administered by the IRS.

IMO, as a tax professional, the only item that can reasonable be called a tax cut was the AMT provision. They again adjusted the exemption amount for cost-of-living increases. But they've done this every year at the last minute (one time it held up tax returns, it was so late the IRS didn't have the tax forms ready). IMO, they would've done it even if there were no stimulous. The AMT primarily hits those in high-tax urban areas, a Democrat demographic. Plus, it just makes no real sense to have people get hit by AMT just because of inflation.

Fern

 

[Attic]

LOL
It is sad, no it is f'in sad to see you and a few others actually hoping and posting with such giddyness for economic failure just so you can hope Obama goes down in an election. Patriotism at its highest.......

You are mistaking the direction and intent ot the OP and the tangent you've gone off on leads only back to your own motivations not the motivations of the OP.


I'm interested to see job numbers for June as well.

 

[theeedude]

We need aid to states to avoid layoffs in state and local government and cuts to state and local infrastructure projects. Now, not later. We are already seeing austerity at state level, and it's already paying "dividends" in securing a prolonged and painful recession.

 

[classy]

You are mistaking the direction and intent ot the OP and the tangent you've gone off on leads only back to your own motivations not the motivations of the OP.


I'm interested to see job numbers for June as well.

Really?

Hmmmm.......

Fern wrote...

For many of us who felt the Dem's stimulous package was poorly designed, this was our fear - we now don't really have any money left to try again but get it right. We blew good money on bad medicine and now can't afford the real cure.

So now what was that about the intent of the OP? Fern, is a good poster who generally doesn't post just silly crap. But Fern doesn't like dems, liberals, and has zero love for Obama. And clearly the feel of her post is that this is more "good news for republicans". I don't know if Fern is a man or woman. But none the less.....

 

[thegimp03]

LOL
It is sad, no it is f'in sad to see you and a few others actually hoping and posting with such giddyness for economic failure just so you can hope Obama goes down in an election. Patriotism at its highest.......

I don't think Fern mentioned anything about Obama. Maybe you should look into Hooked on Phonics.

 

[spittledip]

Yeah, like the person above said, this isn't a double-dip recession - we never really got out of the first one. We kinda faked our way out. We are still screwed b/c our credit spending is much more than what we actually have. Credit spending is a way of life at every single level of society, including corporate level. It eventually catches up to you.

 

[classy]

I don't think Fern mentioned anything about Obama. Maybe you should look into Hooked on Phonics.

Okay lets not play we were born yesterday okay. Dems and Obama are interchangeable with every good hearted republican. OB is the target plain and simple. Lets not play dumb