[delldude]

Dog Wonder, on 06 August 2011 - 12:09 AM, said:

Then why waste your time here?

Go buy a Republican.

Got it wrong.....we buy dem's for entertainment.

[Dog Wonder]

But Republicans are so much cheaper.

[delldude]

Dog Wonder, on 07 August 2011 - 03:59 PM, said:

But Republicans are so much cheaper.

Is why Tea Party taking over....Obama had Republican core values downgraded to AA+

[Dog Wonder]

delldude, on 07 August 2011 - 04:21 PM, said:

Is why Tea Party taking over....Obama had Republican core values downgraded to AA+

The tea party owns the tinfoil hat vote.

[delldude]

Dog Wonder, on 07 August 2011 - 08:47 PM, said:

The tea party owns the tinfoil hat vote.

And the House.

[Dog Wonder]

Or at least the basement.

[7days]

David Rosenberg: "It's Time To Start Calling This For What It Is: A Modern Day Depression"

Quote

We just came off the weakest recovery on record despite the massive amounts of stimulus that the U.S. government has delivered in so many ways. That the yield on the 10-year U.S. Treasury note is down to 2% already speaks volumes because the last time we were at these levels was back in December 2008 when the downturn was already 12 months old. A period like the one we have endured over the past six months when bank shares are down 30% and the 10- year note yield is down 130 basis points has never in the past foreshadowed anything very good coming down the pike. If market rates are at Japanese levels, or at 1930s levels, then it's time to start calling this for what it is: A modern day depression.

Look, that entire period from 1929-1941 saw several quarters of huge bungee-jump style GDP growth and countless tradable rallies in the stock market.

But that misses the point.

The point being that a depression, put simply, is a very long period of economic malaise and when the economy fails to respond in any meaningful or lasting way to government stimulus programs. A series of rolling recessions and modest recoveries over a multi-year period of general economic stagnation as the excesses from the prior asset and credit bubble are completely wrung out of the system. In baseball parlance, we are in the third inning of this current debt deleveraging ball game.

You know you're in a depression when interest rates go to zero and there is no revival in credit-sensitive spending.

The economy is in a depression when the banks are sitting on nearly $2 trillion of cash and yet there is no lending going onto the private sector. It's otherwise known as a 'liquidity trap'.

Depressions usually are caused by a bursting of an asset bubble and a contraction in credit, whereas plain-vanilla recessions are typically caused by inflation and excessive manufacturing inventories. You tell me which fits the bill today.

[delldude]

Quote

SAN LUIS OBISPO, Calif. (MarketWatch) — Worst-case scenario’s closing fast: Occupy Wall Street growing. But no political power or allies yet. Feared yes, attacked by GOP proxy tea party. Soon the Occupation will explode into a new American Revolution.

When? A string of European bank collapses is dead ahead. And like the Arab Spring, they will trigger an economic disaster for American banks.

Andrew Milligan, head of Global Strategy at Standard Life Investments, discusses the implications for banks as European officials try to hammer out a solution to the sovereign debt crisis.

Yes, coming soon says Martin Weiss in his “7 Major Advance Warnings,” which is “bound to have a life-changing impact on nearly all investors in the U.S. and around the globe.” His new Weiss Ratings warnings are the “most important” in a 40-year career. The stress on Wall Street banks will force them back to Congress for more bailouts.

Warning eight: No new bailouts. That will push the economy into a deep recession.

Story

7 Major Warnings