I think We're Headed Into a Recession

[DividedThigh]

Originally Posted by CC1

Hmmm.....I have never even heard of "dusted almonds". I would like a Lexus someday though.

I didn't realize you were an ecoomist. It is amazing that you know we have been in a recession for four years when during that time job growth has been strong, inflation low, and interest rates low.

We are never going to have a perfect economy and there will always be business cycles and bumps in the road. We may well be headed for one of those bumps in the form of a recession but to say we have been in a recession the last four years is just flat wrong, inaccurate, and goofy.

careful my friend making to much sense could get you into trouble, lol,dt

[StillStanding]

I heard it said once:
If your neighbor loses his job, it's a recession.
If you lose your job, it's a depression!

[DividedThigh]

Originally Posted by Pianoman

I heard it said once:
If your neighbor loses his job, it's a recession.
If you lose your job, it's a depression!

funny, and true, pm, lol,dt

[rgcraig]

Originally Posted by Pianoman

I heard it said once:
If your neighbor loses his job, it's a recession.
If you lose your job, it's a depression!

That's great!

So many times that's how we handle things too. People are hurting all around us, but until it comes to our front porch we don't have sympathy for what they are going through.

Now, on to the recession/depression debate..............anyone have an extra room I can work for if needed?

[Apprehended]

Watch China. They own us.

Yes. Jesus has all things under his feet.

[rgcraig]

Originally Posted by Apprehended

Watch China. They own us.

Yes. Jesus has all things under his feet.

True and they keep trying to kill us off with all the lead in our products they make and send to us.

[Apprehended]

Originally Posted by rgcraig

True and they keep trying to kill us off with all the lead in our products they make and send to us.

So it appears.

It is disheartening to see our major finacial institutions like Citi bank crawling to the Chinese with their hat in their begging hands, hoping for a loan and a bail-out. Or Wachoiva and Chase begging the Saudi for a morsel of bread. It is sickening.

It is true that the borrower becomes the servant of the lender.

[Evang.Benincasa]

Originally Posted by CC1

Hmmm.....I have never even heard of "dusted almonds". I would like a Lexus someday though.

The dusted almonds was something I heard from one of the investigator's reports on Benny "will burn in hell" Hinn's spenditures. Tipping a door man 1,000.00, 10,000.00 a night hotel room, and last but not least 100.00 for dusted almonds.

Originally Posted by CC1

I didn't realize you were an ecoomist.

I didn't realize you were so bad at spelling. Canon anyone?

Originally Posted by CC1

It is amazing that you know we have been in a recession for four years when during that time job growth has been strong, inflation low, and interest rates low.

Yep a real Goldilocks economy. Well, to be honest I do believe we started having problems after 9 11.

Corn, gold and oil.

(oh by the way we don't have any gold)

The increase in those prices has caused this economy strain and with what is happening with credit cards, foreclosures, and car loans, and bank closings added to the dilemma. These things didn't happen overnight. Allen Greespan handed a mess over to Ben Bernanke and now helicopter Ben is in a fix that had years in the making.

It's ridiculous to say that this took economists by surprise and that we were in a Goldilocks economy ( I know you didn‘t say anything about that, but your In The Money Attitude calls for a mention). The military and the war in Iraq is a problem we can't fund. Oh yeah the past four we have been lighting cigars with hundred dollar bills! Low inflation, job market strong, 100% financing? Brother can you explain how we went from greed to need? How banks didn't gave out loans just by checking credit ratings, and never making sure their clients actually had the wherewithall to pay their morgages? Four years was the dike leaking, and the little boys finger couldn't do the job anymore. It may be my opinion, but it will get worse as time goes on. I hope to Jesus I'm wrong. Goofy, I hope so.
I have Brothers and Sisters who have been having a tough time for awhile and some may not make it through this "bump."

Originally Posted by CC1

We are never going to have a perfect economy and there will always be business cycles and bumps in the road.

This bump might knock you clean off your rice burner.

Originally Posted by CC1

We may well be headed for one of those bumps in the form of a recession but to say we have been in a recession the last four years is just flat wrong, inaccurate, and goofy.

The past four years has been an accident waiting to happen. The Band-Aid on the bullet wound is starting to hemorrhage. Time proves all things you big bad motorcycle man. Let's see how this bump goes.

In Jesus name

Brother Benincasa

www.OnTimeJournal.com

www.IfAmericansKnew.com

[Evang.Benincasa]

Originally Posted by pelathais

A recession is a decline in any country's gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year. That hasn't happened in the U.S. since just after 9/11, and before that in 1991.

Given the cyclical nature of the business cycle we are about due. Maybe. Or maybe not.

Most of us alive today look at the world and the economy through a "Post WW2" lens. But that is skewed. At the end of WW2 over 50% of all manufacturing in the world was done in the U.S.

If you were paying attention, you would notice that we've been working like crazy to actually reverse that statistic. We rebuilt Europe and Japan and gave billions of dollars to help create the needed infrastructure in just about every country on the planet. We gave billions to Russia after the Soviet Union broke up.

Now, finally, the two largest countries - India and China - are catching up. This is about a third of the world's population right there. The adjustments and reallocation of resources are huge. The dollar is only falling against other currencies. Another way to look at it is that those other currencies are rising. And that's what we've been spending trillions of dollars to see happen.

Despite what Leftists may say, America is not an empire. We are a breadbasket and a money tree. My prediction for the future: there will be good times and bad times ahead.

Pat Buchanan is far from being a leftist.

We are a military empire, we parallel the Romans in that we are stretched out across the world. Like the Romans we police the world. It's not a leftist view my friend but a reality.

Ollie North admitted lying and shredding documents. Do some research. Ronald Ray Guns was a warlord who was still playing under the guise of protecting the world from communism. When in truth he supplied killers who brought suffering and pain to Nicaragua.

Hey, don't take my word for it, study it out for yourself.
I like you and wouldn't want you to make a fool out of yourself if you say what you posted in your two posts to anyone in person who has more knowledge than you on these subjects.

[Evang.Benincasa]

Originally Posted by Apprehended

So it appears.

It is disheartening to see our major finacial institutions like Citi bank crawling to the Chinese with their hat in their begging hands, hoping for a loan and a bail-out. Or Wachoiva and Chase begging the Saudi for a morsel of bread. It is sickening.

It is true that the borrower becomes the servant of the lender.

Among the creditors that finance this unprecedented sum, two of the largest are the central banks of China ($854 billion in reserves of dollars and other foreign currencies) and Japan ($850 billion), both of which are the managers of the huge trade surpluses these countries enjoy with the United States. This helps explain why the United States' debt burden has not yet triggered what standard economic theory would predict, which is a steep decline in the value of the U.S. dollar followed by a severe contraction of the American economy—the Chinese and Japanese governments continue to be willing to be paid in dollars in order to sustain American demand for their exports. For the sake of domestic employment, both countries lend huge amounts to the American treasury, but there is no guarantee how long they will want or be able to do so.
Republic or empire:
A National Intelligence Estimate on the United States
Chalmers A. Johnson
PUBLISHED January 2007