Merrill Lynch: Recession in the US 'has arrived'

[1EZduzit]

Originally posted by: WhipperSnapper

Originally posted by: IAteYourMother
good. recessions are a normal part of economic progress

Part of the "progress" that comes about if your goal is to eradicate the middle and lower-middle classes.

When you consider how global labor arbitrage is transforming this country, you might realize that a depression began years ago but that it's been masked by the housing market and credit card spending.

Are you ready to join the third world?

Yeah, I could use a bump in my standard of living. Which country should I move to?

 

[fleshconsumed]

Originally posted by: 1EZduzit

Originally posted by: WhipperSnapper

Originally posted by: IAteYourMother
good. recessions are a normal part of economic progress

Part of the "progress" that comes about if your goal is to eradicate the middle and lower-middle classes.

When you consider how global labor arbitrage is transforming this country, you might realize that a depression began years ago but that it's been masked by the housing market and credit card spending.

Are you ready to join the third world?

Yeah, I could use a bump in my standard of living. Which country should I move to?

Pick any:

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

 

[1EZduzit]

I can't decide. Iceland and Greenland both look pretty good, but I need more then a 10% bump.

In other news they said on the radio that Goldman Sachs is also calling for a recession.

 

[alchemize]

Originally posted by: Genx87

Originally posted by: miketheidiot

Originally posted by: senseamp
I just got a job offer for a 35% raise today Perfect timing again, right before a recession. I got my current job in fall of 2000 right before tech bubble burst.

lucky bastard. you must be one of thoseleading indicators.

Hey I started a job last month that gave me a 30% raise

I'm starting a job in a month that is a 25% raise with a doubling of my bonus (so potential 40% raise). see my e-peener?

I have to move to get it, but that's covered also...

 

[WhipperSnapper]

Originally posted by: blackangst1
QFT. All this shit about Great Recession II need to talk to their grandparents or go visit an old folks home to get a REAL account of the DEPression...not to mention some perspective. This aint SHIT.

"IT" will hit the fan sooner or later.

(Sorry folks...I couldn't resist.)

 

[StageLeft]

Well done. Merrill called it early (compared to other big names) and got it right.

 

[WhipperSnapper]

Is it just me, or have other people also noticed a number of Zombie threads, resurrected from the ground, masquerading as recent, active threads lately?