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Recession in the US 'has arrived' [Copy link] 中文

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Post time 2008-1-10 07:46:56 |Display all floors
The feared recession in the US economy has already arrived, according to a report from Merrill Lynch.

It said that Friday's employment report, which sent shares tumbling worldwide, confirmed that the US is in the first month of a recession.
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Post time 2008-1-10 07:48:06 |Display all floors
Goldman Sachs sees US recession

The investment bank Goldman Sachs has predicted that the US economy will go into recession in 2008.

Its forecast follows comments from Merrill Lynch, which said that the US economy is already in recession.

Goldman Sachs said that the slowdown would force the US Federal Reserve to reduce interest rates to 2.5% from the current level of 4.25%.
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Post time 2008-1-12 09:58:54 |Display all floors

Recession Is OK

What is much more dangerous is that Bernanke is trying to stave off the inevitable, by massively reflating, ala Greenspan.  In the last 6 monhts the Feds have already "dumped" (loans to banks with basically ANY collateral and thus no collateral), a TRILLION dollars of liquidity already.   He keeps it up, this can turn into a massive, 10 year long DEPRESSION.  While decoupling is going on, it is still not complete.  A decade long American depression WILL affect the rest of the world, and there is not going to be enough foreign borrowing to be able to fill that bottomless pit.   But of course nobody would listen, and the Fed is likely to cut Fed funds rate by 0.5% to 1% in the next 60 days.   More dollars, and quicker slide of the greenback.

There are dreamers that pitch Ron Paul's 10%.  But if Ron Paul really wins, he vows to go back to the gold standard and cut Fed spending to the bone (abolish the Dept. of Education, etc.).  While commendable as a concept, it will ensure a multiple year depression.   This addiction to credit is not something you can cure cold turkey.

Another example of how the stupid decisions of the hegemon affects not only its own people.  Bush's decision to push corn as a source of alcohol for cars means that world food prices will go up significantly, and will mean more starvation around the globe.  Great contribution to world peace, not.

[ Last edited by tongluren at 2008-1-12 10:03 AM ]

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Post time 2008-1-13 03:22:51 |Display all floors
Originally posted by tongluren at 1/11/2008 07:58 PM
Another example of how the stupid decisions of the hegemon affects not only its own people.  Bush's decision to push corn as a source of alcohol for cars means that world food prices will go up significantly, and will mean more starvation around the globe.  


You doubt the reports out of China that it has enough farm land to support the Chinese People?
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Post time 2008-1-13 05:46:46 |Display all floors

Chinese is Not the World

We Chinese do feel compassion and sympathy for the less fortunate, unlike you know who.

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Post time 2008-1-13 23:59:06 |Display all floors

The america empire will fall

like the Rome empire ,it's doomed
The Sun rises every day from the East !

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Post time 2008-1-14 17:41:43 |Display all floors
Originally posted by wanzheli at 2008-1-13 23:59
The america empire will fall

like the Rome empire ,it's doomed


What makes you say that, wanzheli?

Do you see any evidence for this happening?
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