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Old 11-07-2012, 09:15   #1
Flying-Dutchman
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Is a Recession Now Guaranteed?

Some talking heads on the business channels say a recession is guaranteed.

Business people are saying Obama has 3 days to assure the markets.

His can do one of 2 things:

Preserve his legacy by saving the economy

or

Fundamentally transform the United States of America.
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Old 11-07-2012, 09:34   #2
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The majority spoke yesterday. They support taking us all over the edge of the cliff.
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Old 11-07-2012, 09:46   #3
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The majority spoke yesterday. They support taking us all over the edge of the cliff.
& now, no one will be trying to stop it ...

.
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Old 11-09-2012, 16:55   #4
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& now, no one will be trying to stop it ...

.
Just a question, but if the Republicans fight the Dems and the economy doesn't improve, or it gets worse, who will be vilified repeatedly by the majority of the media?

If they let the left run the recovery, by midterm people could be ready for serious change.... maybe?

Last edited by G17Jake; 11-09-2012 at 16:58..
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Old 11-09-2012, 17:06   #5
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Just a question, but if the Republicans fight the Dems and the economy doesn't improve, or it gets worse, who will be vilified repeatedly by the majority of the media?

If they let the left run the recovery, by midterm people could be ready for serious change.... maybe?
Obama said today the way to fix this problem it by taxing the rich. He is just going to keep saying the reason nobody has any money is because the rich people are hoarding it and getting rich by exploiting the common man.
The republican party has failed to recruit anybody other than old white guys and now it is too late.
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Old 11-10-2012, 02:36   #6
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I had to look up "reprobate." If you want to live in a theocracy, go right ahead. The Middle East is full of them. America is a secular country with religious freedom.
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Agreed 100%
You know what I find disconcerting? (Ready!) The moment you thought of a theocracy you thought of the Arab world. Obviously neither one of you guys is a true Judeo-Christian because if you were, the first thing you would have thought of would be the ancient kingdom of Israel - You know that ancient nation which was warned through Samuel by God, Himself, that a monarchy (a government exalting the mind and being of man) would NOT be in their best national interests.

If you two guys actually believe that, 'The Middle East is full of theocracies' then you're both denser than a brick; and there's no more hope of successfully reasoning with you than there is for America to save herself from the cupidity and avarice of the world bankers or the international oil cartel.

It's sad really: I'm presently too old to successfully deal with a significant national economic depression; and - don't look now; but - it's right around the corner! When I was a child I admired the modern day versions of Greek democracy scattered throughout the Western world. However, as I've aged I've come, more and more, into line with Thomas Jefferson's low opinion of Western democracy; and IF, as Jefferson said, 'Democracy IS a very bad form of government ....... ' then, as any genuine intellectual could tell you, the present failure of the American Republic was guaranteed to occur on the day this nation was founded; ergo: We have, yet, another example of a national government - founded upon the false self-confidence and erratic cerebration of men - being ultimately unable to successfully govern itself.

As for America, 'having religious freedom'? Are you out of your frigg 'in minds! Been to one of our public schools lately? Obviously you haven't recently tried to be either a devout Christian or Jew in America, today. The only group that has so much as a modicum of: religious freedom, governmental respect, and academic tolerance, right now, in America is the Muslims - The Muslims!

You two are confusing Sharia law with, 'secular government'; and me and my kind are being drawn closer and closer to an economic, 'living Hell on earth' because you and your kind - in your outrageous moral degeneration and intellectual obtusion - are pushing those few true believers among the extant American population ever closer to the brink of complete national economic collapse! (Would you like to know what, ‘table stakes’ are presently being played for? The American Constitution - The one you two guys have, probably, sworn yourselves to defend - is about to be put up for international barter.)

The One True God, and those closely interrelated faiths most clearly identified with His Supreme Being, which you and the current crop of national politicians have so consciously, so deliberately, and so thoroughly rejected is no longer blessing America. The formerly altruistic and (presumably) high egalitarian ideals upon which this republic was founded have, now, come to naught; and all of us are being forced to deal with and live in the sorry governmental, 'detritus' that remains.

From now on, when I think of the mess my family and our neighbors are in, (Know what?) I'm going to remember the likes of the two of you. Multiply you two by, say, two or three hundred million other, 'lost souls' and, voila, there's the blind, deaf, dumb, defunct, and utterly dependent American public of today. Democracy and republican government are over - Over! You two guys just haven't figured things out for yourselves, yet; but, no matter because it’s already too late.

Last edited by Arc Angel; 11-10-2012 at 02:54..
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Old 11-07-2012, 10:20   #7
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The majority spoke yesterday. They support taking us all over the edge of the cliff.
Have you ever had to call your wife and tell her there is a 30% chance that the family will be moving to another country right after Xmas?

My day is not going so well. And I thought jury duty was bad....
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Old 11-07-2012, 10:04   #8
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Yes, in my opinion a double-dip recession --- and possibly a depression --- is unavoidable. Employers can no longer keep full-time employees with CareBarry forcing crippling healthcare costs onto their balance sheets.

Defense industries who were cowed into violating US law by Team Obama will in the next couple of week announce the tens of thousands of layoffs starting in 2013, announcements that by law were due last month.

Where are the funds going to come from to support all those newly laid off workers while simultaneously paying for all the welfare checks and free cellphones for America's Dependent Class? We're facing massive Social Security, Medicare, and entitlement shortfalls with no viable solutions and an unaccountable Marxist president who visions himself a transformational historical figure who has shown his determination to let America sink rather than compromise one whit.

I'm shorting the market on the first decent bounce, since it was already too late for me to do so this morning. The stock and bond markets are going to crash, and I'm glad I went to cash about three weeks ago, fearing just this election outcome.
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Old 11-07-2012, 18:42   #9
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Defense industries who were cowed into violating US law by Team Obama will in the next couple of week announce the tens of thousands of layoffs starting in 2013, announcements that by law were due last month.
Already started: http://news.yahoo.com/exclusive-boei...4--sector.html
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Old 11-07-2012, 19:09   #10
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Yep, the day after Obama's re-election defense industry giants and suppliers are starting to give America the bad news the Obama Media refused to report.

This is just the tip of the iceberg.
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Old 11-07-2012, 19:20   #11
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Yep, the day after Obama's re-election defense industry giants and suppliers are starting to give America the bad news the Obama Media refused to report.

This is just the tip of the iceberg.
The American people have spoken.

They are going to reap what they have sown.
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Old 11-09-2012, 07:12   #12
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We're going to have another Recession or a Depression starting in 2013,but Obama will call it a "bump in the road".
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Old 11-12-2012, 08:00   #13
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Cheer up everybody.Didn't Obama say during his campaign that the "the best is yet to come"?
I believe it,----------I believe it,---------I BELIEVE IT!!
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Old 11-07-2012, 20:00   #14
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Yep, the day after Obama's re-election defense industry giants and suppliers are starting to give America the bad news the Obama Media refused to report.

This is just the tip of the iceberg.
And alot of us will be walking around with a big smirk on our face - you elected him - you deserve it!!
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Old 11-08-2012, 14:12   #15
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I'm shorting the market on the first decent bounce, since it was already too late for me to do so this morning. The stock and bond markets are going to crash, and I'm glad I went to cash about three weeks ago, fearing just this election outcome.
I had the opportunity to short this morning when the tepid Obama Victory Bounce failed to materialize.

The last five minutes of trading today saw the S&P futures tank dramatically, not that it's any indication of future performance.

I'm all cash and short the market with expectations that we may see some dramatic movement in the markets from now until the end of the year. (Buy stop order to close my position is set at GTC)

Disclaimer: My opinion is not to be taken as an investment recommendation of any kind but rather an expression of my personal viewpoint.
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Old 11-07-2012, 10:28   #16
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I don't know but my depression started last night. Although, if Romney had won, it would have been just postponing the inevitable. HWSNBN will lead the US to the end quicker.
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Old 11-07-2012, 10:29   #17
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A new era of prosperity is here now that Obama has rightfully secured his place.
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Old 11-10-2012, 20:35   #18
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A new era of prosperity is here now that Obama has rightfully secured his place.


Yea POVERTY and Socialism.
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Old 11-07-2012, 11:15   #19
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going down the drain. After 26 years in business, I am closing shop before the end of the year. Just don't have it in me to do it before Christmas....thinking about my employees. Well at least they can apply for unemployment come January. Thank you very much Mr. President. Thank you.
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Old 11-07-2012, 11:20   #20
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going down the drain. After 26 years in business, I am closing shop before the end of the year. Just don't have it in me to do it before Christmas....thinking about my employees. Well at least they can apply for unemployment come January. Thank you very much Mr. President. Thank you.
What is your business?
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Old 11-07-2012, 11:38   #21
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What is your business?
+1 I hope you don't close your business just because of the election turnout. We own a business also and have made changes to how we operate. We didn't replace a few FT employees that left and hired part time folks to fill in where needed.

We have no plans of closing the doors but certainly had to make changes to slim down payroll and operating costs. We were planing on replacing several vehicles and now that and a few other purchases are not going to happen anytime soon.

I wish you the best on your buisness and hope you decide to stay in the game.
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Old 11-07-2012, 11:39   #22
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WTH? We've been in a recession for years. We're heading for a depression. No, a Depression, the likes of which we haven't seen since 1929. Take your rose-colored glasses off, people.
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Old 11-07-2012, 12:22   #23
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WTH? We've been in a recession for years. We're heading for a depression. No, a Depression, the likes of which we haven't seen since 1929. Take your rose-colored glasses off, people.
This.

Ain't going to be no recession folks, we're headed for full on "where's my next meal coming from" depression. Think Argentina after 2001:

http://www.peakprosperity.com/blog/a...ollapses/59179
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Old 11-07-2012, 18:56   #24
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Ain't going to be no recession folks, we're headed for full on "where's my next meal coming from" depression. Think Argentina after 2001:
It's not going to be anything like Argentina.

You know the saying "if you owe the bank a thousand dollars, you have a problem... if you owe the bank a billion dollars, the bank has a problem"?

Argentina defaulted on $132 billion of sovereign debt. We have 100x that much outstanding.

Our decline is going to take much longer, go much slower, and we're not going to bounce back from it in ten years the way Argentina did.
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Old 11-07-2012, 19:01   #25
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Our decline is going to take much longer, go much slower, and we're not going to bounce back from it in ten years the way Argentina did.
Agreed but our decline did start quite a while ago.
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