Recession Is Here Right Now!!!

B

BlueStreek

I expect unemployment to rise to 4.6%, and the jobs number to be less than 100,000 tomorrow.


The economy is so slow, and getting slower, that oil is falling off a cliff over low demand issues worldwide.

People ran out of housing, commodities, now it is oil----another asset bubble burst.

Equities is next---you saw all that oil money run into tech today---that will be a good place to be in a slowing growth environment/recession---might want to rethink that strategy!

I look for the dow to be down 160, nasdaq down 60, snp 500 down 30 tomorrow---what a joke--all that money ran into tech today--only to go running to "DEFENSIVE STOCKS" tomorrow after the shock reverberates through wallstreet`s head that we are actually in a recession that started in November.

retail sales down, housing getting worse, 2-sub prime lenders go under last week, transportation/shipping lowers guidance, energy demand weakening, unemployment is rising due to slowing economy/housing down-turn, no new jobs are being created in this quarter, lower corporate profits, more layoffs, manufacturing and auto sector getting worse, this is what the fomc minutes alluded to do, and bernanke will talk about on friday!

TOMORROW WILL BE ONE BIGTIME SELL-OFF---DON`T SAY I DIDN`T WARN YOU!!

I SAID WE WOULD HAVE ONE OF THOSE DAYS IN THE NEXT 4 WEEKS ABOUT 2 WEEKS AGO---WELL IT IS TOMORROW FOLKS--SO GET OUT WHILE YOU CAN--AS IT WILL BE RED,RED,RED ON ALL YOUR TRADING SCREENS---MARK MY WORDS!!!
 
JUST WATCH THE FUTURES FOR YOUR CUE FOLKS---IT IS GOING TO BE NASTY RED, WE MAY EVEN SELL OFF 200 POINTS IN THE DOW TOMORROW!!!
 
4.5% is greater than full sustainable employment without wage infation or massive productivity gains. Hmmm, where do we get productivity gains, technology!

Present employment numbers mean nothing, look at revisions, that's what is amazing last few months and really had some questioning integrity of numbers.

Guess it takes more time to count all the illegals cleaning your pool and mowing your grass. 80% of some construciton trades in parts of country are illegal. Trust me, they finished my basement for 1/4 of going rate. How can we trust the numbers.
 
Quote from Bob111:

STFU and leave the board as you promissed long time ago. can you keep your own word?
More...

heheh... lately there's about 5 people that contribute 90% of the posting volume.. I won't name names but I theorize they are all one person, playing to various positions and attitudes. must be a great trader.
 
The world is awash in oil, and evidence that the world repenishes its reserves faster than we can use it. They need geopolotical tensions to keep it high. Not a concern.

What is the problem is the lack of freedom and capitalism in oil prducing countries. Maybe greed is the root of all evil, extremist muslims, socialist, marxist and communists.

Iran's oil production is declining not because of lack of oil, lack of reinvestment. Spending it all on their fatalist prophecies.
 
Quote from bsparkyman:

The world is awash in oil, and evidence that the world replenishes its reserves faster than we can use it. They need geopolitical tensions to keep it high. Not a concern.

What is the problem is the lack of freedom and capitalism in oil producing countries. Maybe greed is the root of all evil, extremist muslims, socialist, marxist and communists.

Iran's oil production is declining not because of lack of oil, lack of reinvestment. Spending it all on their fatalist prophecies.
More...

donno if i believe that. if you look at the US oil production levels for the past 100 years. it peaked around the 70's, which was predicted. and is in steady decline showing that the world is not 'replenishing itself faster than we can use it'. for the economy to grow this year, basically we will need to use more oil than last year, if we have trouble getting more oil => recession.

an oil based economy is based on a limited resource, by this fact alone it can not grow forever.
 
I was wondering how long it would take before you posted the next "the sky is falling" thread. I figured you were going to wait until the early morning.
 
You must log in or register to reply here.
Back
Top