Comments on: America just declared the recovery over so you’d better get ready for the double dip

By: libby51

libby51 — Thu, 25 Feb 2010 11:58:40 +0000

When businesses are ready to invest some capitol in the American worker you will see a turn around in the ecconomy. When the 401k’s are drawn down and spent you will see a downturn that devistates families and businesses alike. I’m in the unemployment boat and when my money is gone and there is no job for me I’m going to ask myself the question of the ages. “To be or not to be”.

By: jstaf

jstaf — Thu, 25 Feb 2010 02:13:04 +0000

Another economist, E.F. Schumacher, predicted the stages of a capitalist democracy that promotes the pursuit of giantism, it results in an oligarchy that dictates policy while forgetting the lessons of Henry Ford and others that understood that to a have a great place where smart guys can get rich you need to have a lot of people that are middle class to create viable markets.

Banking deregulation has led to an unhealthy concentration of wealth in the hands of people that risk our assets through their misguided innovations like derivatives on assets that claim extreme risk management that has never been proven in practice.

Lets go back to engineers and manufactures innovating and bans giving away toasters for new savings accounts.

By: HBC

HBC — Wed, 24 Feb 2010 18:08:42 +0000

When you squeeze all the money out of the frontline, there’s no point in even pretending that a) there are consumers with much disposable income left; and b) that it’s ever going to get any better with the same people in charge.

Therefore, any pundits who bragged about a supposed upswing in the past few months were, quite simply, lying through their teeth. All that remains is for this to become a matter of record.

By: MsCamellia2010

MsCamellia2010 — Wed, 24 Feb 2010 07:13:27 +0000

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By: garrisongold

garrisongold — Wed, 24 Feb 2010 01:24:12 +0000

Not to worry. There’s lots of green shoots out there. Wink, wink, nod, nod.

Let’s face it, Washington and Wall Street investment analysts have lost what little credibility they had. Nothing has changed since the collapse of the economy except the reflation with funny money. This house of cards is beginning to topple. Deep structural problems with our economic and political systems haven’t gone away, they have just been lurking under the fed’s loose monetary policies.

Who’s going to believe there are green shoots now?

By: Fishrl

Fishrl — Tue, 23 Feb 2010 23:46:17 +0000

Don’t articles like this just exacerbate the problem? I read this and say, “better hold off on buying that new computer.” Hence it becomes a self-fulfilling prophecy.

By: Pangaea7

Pangaea7 — Tue, 23 Feb 2010 23:24:11 +0000

The Only People “laughing all the way to the Bank” are the bankers themselves, think of the interest all the taxpayers Bailout Billions netted them $$$…. think of the Interest rates they pay now ( NOT) and think the Interest rates they are Charging YOU on your credit cards…No No this isn’t “Business as Usual” the consumer has been officially “Flipped off ” ( as in Finger) by the Banks, investment cos, wall street and anybody else who gambles with taxpayers investment Money. We have all been Hoodwinked by CDO’s and now the Dog is chasing his own Tail… the end will come when credit cards are declared useless pieces of worthless plastic and our currency is re-set to it’s true valuation.

By: pluto123

pluto123 — Tue, 23 Feb 2010 22:26:19 +0000

Nice article. Isn’t another name for “liquidity preference” called “increasing savings” or “building equity”? It’s about time that Americans started moving away from a debt driven consumption model to a more balanced, sustainable and prudent savings-investment model. Otherwise, China will be calling the shots for decades to come.

By: fred5407

fred5407 — Tue, 23 Feb 2010 22:21:40 +0000

We expect too much from Washington, and it is akin to expecting our kids to win every time they play a game. I do think that most Senators and Congressmen might want to get their resumes updated for looking for a new job and most party leaders might want to resign before they get kicked out. Mr Obama might make it to the end of his first term if he walks the straight and narrow way.