Economy Shrinks [Archive] - Glock Talk

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aircarver
01-30-2013, 07:03
http://www.cnbc.com/id/100419252

Had enough yet ? ... :steamed:

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series1811
01-30-2013, 07:45
I think the correct news is that the "economy unexpectedly shrinks" (at least he way the MSM reports it.

Looks like more and more QE's coming.

aircarver
01-30-2013, 09:01
Looks like more and more QE's coming.

What was that definition of 'insanity' again ? ... :frown:

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callihan_44
01-30-2013, 09:04
i swore i heard someone say we were brought back from the brink...anyway I think everyone has given up the economy getting fixed, now it's just line up for the freebees..what other choice is there?

Agsuper1
01-30-2013, 09:06
Cloward and Piven. Another words collapse the system.

beforeobamabans
01-30-2013, 11:27
What amazes me is the complacency in the markets. You would think the Dow would be down 500 points today. We are however about to complete a huge double top which suggests the eventual re-test of the March '09 lows. The fundamentals also speak to a tortuously long, dragged out bear market. Say, four years?

Paul7
01-30-2013, 11:39
I think the correct news is that the "economy unexpectedly shrinks" (at least he way the MSM reports it.

Looks like more and more QE's coming.

'Surprise' was the word used in the article. These nitwits have been surprised for four years.

cowboy1964
01-30-2013, 11:42
Consumer confidence has plunged now that people have realized their pay has been cut 2% (which goes to show how closely they DON'T pay attention to things. This wasn't a surprise). If the GDP keeps going like this look for Obama and Congress to reinstate that cut, along with maybe a one time tax credit of $2000 or something.

I am paring back my stock holdings some today.

cowboy1964
01-30-2013, 11:43
What amazes me is the complacency in the markets. You would think the Dow would be down 500 points today. We are however about to complete a huge double top which suggests the eventual re-test of the March '09 lows. The fundamentals also speak to a tortuously long, dragged out bear market. Say, four years?

I read an article yesterday how 2013 is shaping up to look a lot like 1987. The Dow was up 40% in '87 before the 41% decline in the fall.

LASTRESORT20
01-30-2013, 11:54
Who is surprised? besides idiots..........