US recession over! (3 Viewers)

[IrishZebra]

That's why governments should just let the market decide what happens to these bad debts instead of throwing money at institutions, hiding losses. Because the fact of the matter is, the bad assets still exist and they won't disappear, plus this crap has never worked in history. Yet the dumb governments try to do the opposite of what the market is doing to correct the situation, making things even worse.

Oh, and yeah, our government here will probably claim 9.9% unemployment this month, 9.99% unemployment next month, 9.999% unemployment in January, 9.9999% unemployment in February, et cetera. They are just a bunch of liars.

Total Market free reign is why we're here right now though :frown:
There has to be regulation. All the Bad Assest are property so they are sellable, taking them at 40% market value I think would be a good plan

Our Government is trying to encourage emmigration to lower the number on benifits

 

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[blondu]

it's so fucked up andy...so in a happy case one of four teenagers don't have a place to work. Didn't obama said that he will concentrate his efforts for creeating more work places? Anyways with the recession, what to work? nobody's buying nothing.

 

[Dostoevsky]

I have to study but I don't really feel like doing it now.

 

[IrishZebra]

Put them to work cleaning streets and parks and repair Civic building FFS

 

[Bjerknes]

Total Market free reign is why we're here right now though :frown:
There has to be regulation. All the Bad Assest are property so they are sellable, taking them at 40% market value I think would be a good plan

Our Government is trying to encourage emmigration to lower the number on benifits

But more government DOES NOT help. The regulators didn't regulate and the banks made mistakes, yet the regulators and banks get more power and bailed out, respectively? That will cause more problems in the end.

Recessions are a healthy thing, but since we have folks who want to stop them from occurring, ie the government, they delay the problems and makes the recession worse than it should have been. We should have had a recession in 2001, but Greenspan of the Federal Reserve allowed cheap money to flow around, creating the housing bubble. The bubble was created SOLELY by keeping interest rates at incredibly low levels, and look at what happened. This is yet another case of the supposed "regulators" creating a disaster.

The blame goes to the government and central bank for this looming depression, not true free market capitalism.

 

[blondu]

I have to study but I don't really feel like doing it now.

wrong thread

 

[Dostoevsky]

wrong thread

Lazy people like me lead to a recession.

 

[IrishZebra]

The blame goes to the government and central bank for this looming depression, not true free market capitalism.

Such a thing Can't and Never Will Exist, the Invisible hand can only regulate when players are within the rules, they never are.

More Government isn't the answer I agree,
NEW government is, at least in this country

 

[Bjerknes]

it's so fucked up andy...so in a happy case one of four teenagers don't have a place to work. Didn't obama said that he will concentrate his efforts for creeating more work places? Anyways with the recession, what to work? nobody's buying nothing.

They are trying to stimulate job growth through government projects or spending. The first stimulus bill they put through didn't really do much for job creation because business continues to decline at a higher rate.

 

[Bjerknes]

Such a thing Can't and Never Will Exist, the Invisible hand can only regulate when players are within the rules, they never are.

More Government isn't the answer I agree,
NEW government is, at least in this country

It could exist. But that wouldn't be in the interest of major risk takers like Goldman Sachs, JP Morgan, et cetera. All this supposed regulation is for the purpose of saving them, not making sure they're doing the right thing. That's why you have tons and tons of former GS people running things in Washington, at the SEC and the Treasury. These clowns dance to their tune.

 

[IrishZebra]

It could exist. But that wouldn't be in the interest of major risk takers like Goldman Sachs, JP Morgan, et cetera. All this supposed regulation is for the purpose of saving them, not making sure they're doing the right thing. That's why you have tons and tons of former GS people running things in Washington, at the SEC and the Treasury. These clowns dance to their tune.

That's why I'm in Politics to Help people and root out corruption, It's a monumental task, hell even impossible, but I'll be damned if the world my Children grow up in mirrors this one


If we stopped speculative budgetting their'd be no such thing as a fucking recession

 

[Bjerknes]

The US Dollar hit another 15 month low today, losing 1% (huge move for a currency in one day) after the politicians came out to say they will continue the stimulus. Crude oil surged 2% to close to $80/barrel again today, and Gold is safely over $1100/ounce. US Equities hit another high for the year.

This can't go on forever. Something will break sooner or later, and it could be higher oil prices with time. Some time equities will start to decline with the dollar getting destroyed in the market.

 

[IrishZebra]

Whats a litre of petrol costing over there?

1.08 here

 

[Bjerknes]

Gasoline prices around here are $2.75 per US gallon, so that works out to $0.73 per litre.

Four straight weeks of increasing prices.

Crude is still rising in price because of the dollar devaluation even when there isn't much of a fundamental picture out there. If demand suddenly increases again, then we're really in trouble and will see crude hit $90/barrel in no time. $3/gallon gas is probably the breaking point for US consumers because we are worse off than we were the last time oil was around 100.

 

[Bjerknes]

So true.

 

[Bjerknes]

FANTASTIC interview with someone who predicted 9/11, the recessions of the past 20 years, and a whole lot of other stuff. One of my favorite experts in the world, Gerald Celente.

 

[icemaη]

Go to sleep CTheorist

 

[Bjerknes]

This ain't no conspiracy theory henry.

 

[IrishZebra]

Every countrys central bank???

He should do his fucking research

 

[Martin]

So true.

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