Video: Fischer 'Worst of Real Recession Yet to Come': Could Be 'Depression-Like'
- Thread starter ByLoSellHi
- Start date
Recessions since the creation of the Fed have mostly been intentional, orchestrated, and controlled.... to temporarily cool the very inflationary pressures which the Fed and Gummint created.. (not sure how the '74 oil shock recession fits into this description, however.)
The economy always made a smart recovery whenever the Fed stepped off of the brake and onto the gas...
This time is different... I'm viewing the economy as having suffered "credit exhaustion while the Fed kept mashing the money-pump pedal"... this is very, VERY different... and unique to the history of the US.
There will be some sort of a "recovery" in economic activity as the Gummint gets money into the hands of the unemployed and "credit tapped-out". That money will come in the form of various stimulus programs and will be funded by (1) transferring money from the "haves" to the "have-nots", and (2) The Gummint/Fed printing money willy-nilly... aka Socialist NObamanomics.
Nobody knows how long it will take to get the distributions made, how willing people will be to "spend it all + all they can borrow", how willing creditors will be to lend, how bad the inflationary and currency debasing effects will be.... we really can't even imagine how deep the plunge might be before any kind of turn-around gets traction.
It's likely to be a much worse and much longer decline than most today can envision.
The economy always made a smart recovery whenever the Fed stepped off of the brake and onto the gas...
This time is different... I'm viewing the economy as having suffered "credit exhaustion while the Fed kept mashing the money-pump pedal"... this is very, VERY different... and unique to the history of the US.
There will be some sort of a "recovery" in economic activity as the Gummint gets money into the hands of the unemployed and "credit tapped-out". That money will come in the form of various stimulus programs and will be funded by (1) transferring money from the "haves" to the "have-nots", and (2) The Gummint/Fed printing money willy-nilly... aka Socialist NObamanomics.
Nobody knows how long it will take to get the distributions made, how willing people will be to "spend it all + all they can borrow", how willing creditors will be to lend, how bad the inflationary and currency debasing effects will be.... we really can't even imagine how deep the plunge might be before any kind of turn-around gets traction.
It's likely to be a much worse and much longer decline than most today can envision.
Bushanomics is different... his administration immorally reimbursed all the dumbfuck risk takers at the public's expense.
Bush is SHIT.. deserves to rot in HELL!
But NObamananomics is different.... He's going to milk the "haves" for the benefit of the "have nots" in exchange for political power. There can be no greater immoral nor evil calling...
Gnome wrote.....
Bush is SHIT.. deserves to rot in HELL!
Among others ie Cheney....Greenspan....
1000% agree !!!!!!!!!!!!!!!
And they are walking ..............
.................................................
Obama seems to be politico-robotic....
And has made a 100 on checking the
right boxes....
The problem is.....He makes a good grade based on
the same structure....
It is the structure that has to change first....
Then put in some good soldiers.....
Bush is SHIT.. deserves to rot in HELL!
Among others ie Cheney....Greenspan....
1000% agree !!!!!!!!!!!!!!!
And they are walking ..............
.................................................
Obama seems to be politico-robotic....
And has made a 100 on checking the
right boxes....
The problem is.....He makes a good grade based on
the same structure....
It is the structure that has to change first....
Then put in some good soldiers.....