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View Full Version : Recession Averted? I dont think so.




Give me liberty
04-30-2008, 12:50 PM
http://www.businessweek.com/bwdaily/dnflash/content/apr2008/db20080430_504053.htm?chan=top+news_top+news+index _top+story


http://www.bloomberg.com/apps/news?pid=20601087&sid=agFn1gp9llgs&refer=home

So everyone what are your opinions on this article?



The real reason behind why the dow at the market is high, is because of the blue chips. I know i am right about that one.

Truth Warrior
04-30-2008, 12:55 PM
Buffett: Economy in a recession, will be worse than feared
http://www.usatoday.com/money/economy/2008...recession_N.htm

Rhys
04-30-2008, 12:56 PM
http://www.businessweek.com/bwdaily/dnflash/content/apr2008/db20080430_504053.htm?chan=top+news_top+news+index _top+story


http://www.bloomberg.com/apps/news?pid=20601087&sid=agFn1gp9llgs&refer=home

So everyone what are your opinions on this article?



The real reason behind why the dow at the market is high, is because of the blue chips. I know i am right about that one.

I think the DOW is so high because there's so much cheap money out there for investment banks. The fed lowered rates AGAIN yesterday. It's only up in dollars. It's down in everything esle.

hillertexas
04-30-2008, 12:57 PM
Buffett: Economy in a recession, will be worse than feared
http://www.usatoday.com/money/economy/2008...recession_N.htm


The requested document was not found...

silverhandorder
04-30-2008, 12:58 PM
They do not account for real inflation.

RonPaulVolunteer
04-30-2008, 12:59 PM
Google is your friend.

http://www.usatoday.com/money/economy/2008-04-28-buffett-recession_N.htm

Truth Warrior
04-30-2008, 01:02 PM
..

Try this one:
http://www.usatoday.com/money/economy/2008-04-28-buffett-recession_N.htm

FrankRep
04-30-2008, 01:16 PM
Buffett: Economy in a recession, will be worse than feared
http://www.usatoday.com/money/economy/2008...recession_N.htm

I trust Buffett over the Fed.

Dequeant
04-30-2008, 01:22 PM
Private institutions keeping tabs on inflation have it at 12 to 15 percent annually....the only retards trying to sell it as if it is at 2% or so is the Fed.

So, remember when the Dow was at 13,600 or so a few months ago? Now its at 12,847. That's down 5.5% in a few months according to the very simple numbers. Now factor in the actual BUYING POWER of that with inflation....the "worth" is down about 20% in just a year. That's major folks......

Also, since rates were just cut again, we can look forward to a further inflation of the dollar for a long time to come........and with that comes higher prices for everything from food to gas. The shit will truly hit the fan and stick whenever the teamsters go on strike nationally.... If you haven't exercised your second amendment rights by then you're probably going to wish you had.

Also, now we can look forward to mooooore cuts.
http://money.cnn.com/2008/04/30/news/economy/fed.easing.fortune/index.htm

So recession averted? I laugh. If they pump 10 trillion dollars into the economy then the down will go up in numerical value.........but the debasement of the currency means its monetary value has dropped at an even greater amount (since the dow going up numerically means little to producers/consumers, but currency debasement affect EVERYONE).

As for me......well, i'm i'll be putting on a thing of popcorn and watching the house of cards come tumbling down on TV over the next year.

Aratus
04-30-2008, 02:09 PM
a long, deep shallow recession rather than a short brief almost "hoover flags" instance of a depression?