You're not the only one saying that. My dentist was lamenting the same thing the other day,
Re: Hold your breath
driven
4/2/2012 2:00:21 PM
I keep having a recurring nightmare that the economy will have a meltdown as soon as the election is over because you know there is a lot of things going on in the back room right now to make things look better than they are.
Re: Hold your breath
Dex
4/2/2012 12:26:50 PM
There is that fine line between being an optimist and being a realist, @Noreen. We want to believe. But how much of this is smoke and mirrors related to the Presidential election?
Here's some positive news reported today by economist Ed Yardeni:
The S&P 500 rose 3.1% in March for its fifth straight monthly gain, but the rate of increase was down from gains of 4.1% in February and 4.4% in January. The year's first-quarter gain of 12.0% was the eighth-best first-quarter performance the index has logged in the 66 years since 1947. In only 17 of those 66 years before 2012 has the S&P 500 been up in each of the first three months of the year.
Should we be optimistic for a good 2012 or wait for the whole thing to drop off a cliff?
What do you determine to be a 'shock' in oil prices. I feel like it is already shocked. If you mean gets worse, then that's definitely not a good indicator. Especially with the political talk of sanctioning Iran.
Caste system/Human rights in CHINDIA
0x101
3/31/2012 1:11:37 AM
US visa and outsourced IT & BPO projects must be pegged to Caste system/Human rights in CHINDIA.
Otherwise US middle class will be destroyed.
The problem with the Doomsday Scenario (and this comes from a guy living in Montana) is that is is hopeless and cynical. Of course our financial institutions do their best to blow up the world. Of course governments get bloated and debt-ridden and collapse upon themselves. But this has happened throughout history. What happens afterward? People rebuild, start businesses, invent things, e.t.c.
Some of the best long-lived businesses, inventions, and works of art were created during recessions and/or depressions.
The governments and overleveraged bankers will do their best to implode, but in the end the politicians can't hold back the human spirit.
Noreen,
Food,Gold and Guns(I just saw most Gun manufacturers hit 52 week highs on the S&P 5000).
Then there's the new barter medium of choice-Liquid Tide.
Just saw an interesting article on that here
http://lewrockwell.com/salerno/salerno11.1.html
Thanks to DC and The Federal Reserve we know have an interesting new medium of exchange-Liquid Tide!!!
Atleast its better and more useful than the IOUs which are so common from Govts everywhere.
Ashish.
Ashish, start stocking up on emergency rations. You're going to have company when the bottom falls out.
Noreen,
I am in total agreement with what you say here,especially your last comment regarding what happens when the Cushion deflates-BOOM!!
Think about it,the Govt and Federal Reserve are both aiming for Inflation Rates close to 3% (officially).
What happens if this money coming in from Foodstamps/Disability/Social Security however small it is fails to keep pace???
In fact its happening already.According to General Mills They are facing Annual Input Cost Inflation of 10-12% Annually.When one of the Largest Food manfacturers/producers faces these kind of pressures(inspite of their obvious scale);can you Imagine how difficult it must be for smaller Food Manufacturers???
They will most definitely raise prices to keep pace.
At the end of the day,Everybody's gotta eat.If those Dollars which the Govt provides through Foodstamps/Disability/Social Security are insufficent to put Food on the table the BOOM we shall see will be enough to take down Even the strongest of Governments and Militiaries in the world (after all lets not forget America has the worlds largest Numbers of Guns on a per capita basis).
http://phx.corporate-ir.net/phoenix.zhtml?c=74271&p=irol-newsArticle&ID=1674809&highlight=
Ashish.
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