http://news.yahoo.com/s/ap/20090224/ap_on_bi_st_ma_re/wall_street
I wonder what Schiff thinks about this?
I wonder what Schiff thinks about this?
Recession over in 2009?
- Thread starter buster
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Well, Bernanke can't just come out and say it's going to be 5 years or something! He'd tank the market.
This recession IMO is going to create serious needed structural change in our economy, especially if the dollar tanks even more.
Hopefully we will get more away from a purely consumer economy and start producing real value and saving once again.
This recession IMO is going to create serious needed structural change in our economy, especially if the dollar tanks even more.
Hopefully we will get more away from a purely consumer economy and start producing real value and saving once again.
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Originally Posted By: buster
Recession over in 2009?
Sure, we'll be in a depression by then.
Recession over in 2009?
Sure, we'll be in a depression by then.
That's probably what Bernanke meant.
Originally Posted By: Shannow
Paul Keating in an interview the other day suggested 7 or 8 years.
That's about what I think. At the end of Obama's reign?
John
Paul Keating in an interview the other day suggested 7 or 8 years.
That's about what I think. At the end of Obama's reign?
John
With the politicians raising taxes to refill the sloptrough I am not so sure.
Originally Posted By: CivicFan
Since nobody knows when this will end, anyone can pull a number out of their asses and say it.
Since nobody knows when this will end, anyone can pull a number out of their asses and say it.
Or he meant with his salary and bonus/ Bailo-t his personal recession will be over.
Bernanke also said the economy was just fine 8 months ago with nothing but glee. NO ONE "in charge" is telling the truth right now. It's all lip service to boost the NYSE and get poll numbers up.
Company internal estimate is sometimes between 2010 and 2011. I'd think most likely 2009 is unrealistic.
The recession will be over when everyone finally decides it's over. You just have to convince enough people. But I suspect the short-sellers still think they can work things a bit more.
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Hmmm...since everyone is broke, why not just reset all the counters and go with one common global currency?
Originally Posted By: oilyriser
The recession will be over when everyone finally decides it's over. You just have to convince enough people. But I suspect the short-sellers still think they can work things a bit more.
Silly oily.
Of course it has nothing to do with massive inventories caused by easy credit, level 3 assets, insolvent banks, historic credit bubbles. Nope. All we have to do is believe in the tooth fairy and all of this will end. Listen everybody: the banks aren't really bankrupt. We just think they are.
But then again, I do short the banks at times so I must be messing with your minds....mwwahahahahaaha.
The recession will be over when everyone finally decides it's over. You just have to convince enough people. But I suspect the short-sellers still think they can work things a bit more.
Silly oily.
Of course it has nothing to do with massive inventories caused by easy credit, level 3 assets, insolvent banks, historic credit bubbles. Nope. All we have to do is believe in the tooth fairy and all of this will end. Listen everybody: the banks aren't really bankrupt. We just think they are.
But then again, I do short the banks at times so I must be messing with your minds....mwwahahahahaaha.
Mark to market of course has nothing do with any of this.
Originally Posted By: Gary Allan
Hmmm...since everyone is broke, why not just reset all the counters and go with one common global currency?
Actually, this would be a great idea. It would remove currency risks and speculation, not to mention export/import imbalances caused by fluctuations in relative currency values. That would go a long way in relieving some global economic pressures that create instability.
Hmmm...since everyone is broke, why not just reset all the counters and go with one common global currency?
Actually, this would be a great idea. It would remove currency risks and speculation, not to mention export/import imbalances caused by fluctuations in relative currency values. That would go a long way in relieving some global economic pressures that create instability.
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