I foresee a moderately severe recession. Yes, we're in the worst financial crisis since that era, but by no means the worst economic crisis since then -- not comparable to, say, the mid-1970s. As I've noted before on this site, no one knows when a market bottom will be reached. Things that I once thought to be inconceivable -- the collapse of AIG, Freddie Mac and Fannie Mae and the near bankruptcy of Detroit automakers -- have indeed come to pass.
By Knight Kiplinger, Editor in Chief, Kiplinger publications
We know Greenspan whored us out for years. Bernake admits he was wrong above. Kiplinger goes on and on for four fucking pages on the history of our recessions and admits he don't know squat.
My bitch is with this Kiplinger fellow. I took one economics class in 1969 and turn wrenches to make a living but definitely do not try to pass myself off as an economist. When you write a piece and ramble on about how this recession will not be so bad and not even mention one fucking time the debt we carry as a country and or refer to credit card debt bottom line you lame dick clowns are worthless as teats on a boar and deserve nothing but ridicule cause you are so piss poor in your job.
If I performed as badly as you pricks have in your position I wouldn't have a job and would be the fry boy at Mickey D's or scrubbin the shitters at the county jail.
I'm sick of these experts and pundits all over the media spewing their inane nonsense I just want to upchuck. No wonder this country don't know shit because they listen to ass wipes like these who admit they're fucking dummies.
Go over to Alien Trucker for a list of company's that are closing or downsizing and convince me that we're not in some serious shit for a very long time and how consuming more will help get us out of this mess.
I put more faith in what I read about the economy by what intelligent bloggers write before I listen to you admittedly wrong compromised fucktards who work for the government or those of you who have profiteered from writing the bullshit that you do. Sonsofbitches!
I think we are heading into a depression. Skip that recession shit altogether!
ReplyDeleteI'm starting to think the same thing Lib.
ReplyDeleteThat shit pisses me off to. All they talk about is the economy and it seems no one wants to talk about the ridiculous growing national debt and increased deficit spending. And as far as bringing down the national debt and making a balanced budget that's defiantly not getting solved anytime soon so its only going to get worse before it even has a chance of getting better.
ReplyDeletei cant even make this funny -- we are very likely to see 1932-37 all over again
ReplyDeletepaulson and bernanka have ZERO clue what is going on
There's nothing funny about any of this that's for damn sure.
ReplyDeleteNo matter how this turns out life styles will be forever changed and in the end that will be a good thing.
The greedy motherfuckers have been sucking the LIFE out of the people in this country and stripping ANY semblance of regulation out of what they do for a long time. We haven't had a decent goddamned Democrat in the big house for a LONG goddamned time (Clinton a Democrat? Don't make me puke), and I am not holding my breath wondering if Obama is gonna fill the bill. Remember - this guy came up through CHICAGO politics REAL FAST. Tell ya anything?
ReplyDeleteOh golly, do I seem angry?
A lot of us are angry, Mr. Natural, that's for sure. There's no reason they couldn't see problems coming. My economics credentials are no more impressive than One Fly's and I could see some problems with how things have been going for quite a while. I find it hard to believe that people educated in the field couldn't have.
ReplyDelete