Sunday, April 02, 2006

Q & A Session on the US Economy

What is the economic outlook for US economy?

As the housing market continues to decline it will drag the unsustainable US economy into a recession. A recession is coming soon. By late 2006, the US economy will be hurting. There are many other conditions that will contribute to the coming recession including the US budget debt & deficit, over reliance on consumer spending, the trade deficit, rising oil prices, hurricanes and a move away from the US dollar.

You seem to be so pessimistic in you outlook. Some have called you a 'prophet of doom.' How do you see yourself?

No, I am NOT a 'prophet of doom.' Rather, I am truthsayer. I tell the truth as I see it. Some others in the blogosphere are predicting a second great depression. I am predicting a moderate to severe recession, not a depression.

9 comments:

  1. tom,

    Well put. I agree. :-)

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  2. Hurting in 6 months, eh? Love to see it, but not f*cking likely.

    As to Phillips - F*CK HIM!!

    I just love these f*cking guys like Phillips, McNamara, Kissinger, et al who say, "yeah, we really f*cked up the world 40 years ago, but we're smarter now and this is what we should be doing now. Yes yes yes we know millions of people TOLD us we were f*cking nuts back then, but our INTENTIONS were pure so we sleep fine at night, not really bothered at all by the carnage we caused. Who could've known that a (fundamentalist religious movement / war / fill in the blank) would turn out so badly? Ok ok so there were millions who were right while we who ran things were wrong, but it is still I and my kind that should be deciding the course of the nation, not those wackos who opposed us. Got it?"

    He's sh*tting us, right?

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  3. I've been reading your site for a few weeks now, hoping to read something with something meaningful. You spout off a bunch of doomsday threads everyday, without any factual basis or personal analysis behind it. I'm leaving.

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  4. Oy Vey!

    How about this idea: If the US economy is still doing fine at the end of this year, you jump off a bridge?

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  5. "How about this idea: If the US economy is still doing fine at the end of this year, you jump off a bridge"

    I disagree with the premise of the question as the US economy is NOT doing fine right now. The economy is not just about this quarter's GDP growth. Look at other indicators.

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  6. The problems we face right now are not the fault of one political party, but rather both the big ones. We had a stock bubble, corporate debt, and a massive trade deficit in 2000, and now we have a housing bubble, government debt, and a massive trade deficit.

    A Redskins fan

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  7. The GOP deserves most of the blame. They have been in power for a while.

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  8. Does anyone know a searchable MLS or any realestate list which also shows the previous sale, of a house , for example date and price ? Thx

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  9. I strongly suspect that the diatribes against Kevin Phillips are from people who haven't read him, and have only a very dim idea of what he's saying. In fact, he sums up our current predicament rather well.
    --sglover

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