Ready for the next recession?

[Questor]

Since citizens can't drive the recovery of this recent recession due to reluctance to spend because of the business uncertainty created by goofy government programs, and because the government has admitted the country is bankrupt by printing money, it looks like a second recession is likely.

The problem is that this time the baseline going into that recession is 10% unemployment. Enjoy!

[gypsyman]

Questor, not sure where you read that at. Must be a govt. report. I think we have to recover from the depression we're going into, before we recover from the next recession, which according to my estimate, it'll be 4 or 5 years before this depression ends.(if were lucky) Then another 3-5 years for the economy to actually get going, then another recession. My guess, 2025 will be the next recession. gypsymnan

[ms]

There talking a bail out for ss.

[Questor]

gypsyman:

You got that right. My references are business economist reports, not Government.

The lighter side of the news here is that after two of these things (1930 to 1947) and (2009 to ??), maybe the country will learn its lesson about government meddling into the economy.

[Dixie Dude]

Next is high inflation.  Silver lining in high inflation is hopefully most people will realise it is the excessive government spending causing the high inflation.  10% unemployment, high inflation, will be worse than Jimmy Carter's mess.

[DDZ]

What? You mean we are not going to be stimulated? I thought Obama was going to fix our economy. If he could just get rid of evil capitalism we would all be in utopia!!

[slim rem 7]

  see what a govt economic report will get you .. you might be well misinformed...
 way back when i began to resist purchasing chinese good a truck driver brother in law was making two trips a week an according to him not making a dent in the container loads of chinese goods waiting to go north from florida..now the golden goose is getting real pale ,,perhaps the lot is not so full ...i know hes working one day a week.... but i never expected it to stop at recession...how bcould it ...the factories were gutted an what was worth keeping sent overseas by corporate america...now its not corp america but huge powers that controll it an corp. america...china being the one benefitting the most... yes the communist china embracing capitolism strives to have the ability to perhaps match the united states,,militarily..
 until some govt stops the hemorraging it will continue... i know im depressed about our govts course.. have been for a while now... we poured our countries prosperity out the door in huge bucketfuls ,,when we allowed u.s. labor to have to compete with an cummunist absolute
 control labor force..never was fair an never should have been done..
  well im expection a call from some pro football team shortly as im unsurpassed at monday morning quarterbacking. slim
ps its my fear we havn t even got close to the bottum of the fall...we going dn at 90 miles an hour now..
 i believe its gonna smart right much when we hit the bottum. slim

[torpedoman]

There talking a bail out for ss.

  maybe they are just going to return the money they stole from us for the last 40 years.  Can't call that a "bailout"

[blind ear]

The business community of this country only considers the return or growth of corporate investment to be "the economy". The money lenders are king. Actually makeing a product and selling it for a profit is passe'. Banks and coorporations have thier best return by just tradeing money. They are fighting to keep the real value of property from being devalued to real return levels because the restructure of debt would break most of them. but the economy can't recover until this re-evaluation occures. Meanwhile the coorporations are tradeing thier bad business practices for more bail out money and profits at the tax paying wage earners expense. If coorporations wern't allowed to invest in R&D before taxes, corps like EXXON, Mobile,DOW Chemical, ADM wouldn't show a 1% or 2% profit and beg for public synpathy.

[Dixie Dude]

I don't want my property value lowered.  In a pinch, under normal economic times, I could sell my house, downsize, and live on the equity.  Also, even manufacturing corporations must sell stock to raise money to build new factories, buy new equipment.  So the stock market isn't all about just trading money.  It is about raising capital to expand and grow to make even more money in the future.  When stock goes up, that is capital gains.  So if you buy stock, and it rises, you have to pay capital gains tax if you trade.  If you save for long term retirement, you pay income tax on what you take out each month, not capital gains.  Either way, companies must have money to grow, which provides jobs.  Obama doesn't care about this.  All he cares about is growing government to do what the market normally does.