Economy is bottoming out.

[Zachstar]

This is much better.

http://moneyfeatures.blogs.money.cnn...covery-or-not/

Not too pie in sky and not fear mongering. A little ray of hope.

One step at a time folks. Day by day week by week month by month and before we know it the recession will have ended.

[PeriscopeDepth]

Confidence will NOT increase until:
1) The fraudsters (both government officials and private entities) are held accountable. Not by a tongue lashing in Congress but by being behind bars.
2) Private financial institutions and the government let everybody look at their books and see the true amount of bad debt out there.
3) Toxic debt is valued at a price that WILL NOT be subject to change and guaranteed by the Federal Government. IE, a plan that does not change every time they call a press conference.

The markets nose dive every time Barack and Timmy open their mouths in front of cameras because the above does not happen. The people that hold the real capital are smart enough to know when they are being lied to.

PD

[Rockstar]

"In addressing this panic, the president of the United States must truly be the leader of the world — showing the way back to confidence.

Instead, Obama has been instrumental in purveying fear and spreading doubt. It is his pronouncements, reinforced by the developments they kindle and catalyze, that are destroying good businesses, bankrupting responsible people and wiping out even conservative financial institutions. Every time he speaks, he sends the markets down and stocks crashing. He doesn’t seem to realize that the rest of the world takes its cue from him. He forgets that he stands at the epicenter of power, not on the fringes campaigning for office. This ain’t Iowa.

Why does Obama preach gloom and doom? Because he is so anxious to cram through every last spending bill, tax increase on the so-called rich, new government regulation, and expansion of healthcare entitlement that he must preserve the atmosphere of crisis as a political necessity. Only by keeping us in a state of panic can he induce us to vote for trillion-dollar deficits and spending packages that send our national debt soaring.

And then there is the matter of blame. The deeper the mess goes — and the further down his rhetoric drives it — the more imperative it becomes to lay off the blame on Bush. He must perpetually “discover” — to his shock — how deep the crisis that he inherited runs, stoking global fears in the process.

So, having inherited a recession, his words are creating a depression. He entered office amid a disaster and he is transforming it into a catastrophe, all to pass every last bit of government spending and move us a bit further to the left before his political capital dwindles.

But the jig will be up soon. The crash of the stock market in the days since he took power (indeed, from the moment he won the election) can increasingly be attributed to his own failure to lead us in the right direction, his failed policies in addressing the recession and his own spreading of panic and fear. The market collapse makes it evident that it is Obama who is the problem, where he should, instead, be the solution."

Unless of course this is being driven intentionally for other reasons. It's like continually adding water to fruit juice. Each time you ad water you have less juice and pretty soon there is no more juice, just water and before you know it you have the Amero and the North American Union between Canada, America and Mexico.


.

[Zachstar]

Peddle your conspiricy theories elseware!

[Zachstar]

This is what I'm talking about the media once again fear mongering so they can keep the viewers tied to the screen.

http://money.cnn.com/2009/02/27/news...ion=2009022708

*******s and of course the Dow is tanking 60 points because of this fear mongering.

[SteamWake]

Originally Posted by Zachstar

Peddle your conspiricy theories elseware!

Im afraid Rockstar pretty much nailed it, however I dont think that is his piece.

[AVGWarhawk]

Originally Posted by Zachstar

Peddle your conspiricy theories elseware!

Rockstar is correct here Zach. Wall Street hangs on every word Obama says and every word Congress says. Upbeat and positive should be the two catch words for everyday for Obama.

Back to your original post, yes, I think we hit bottom. People can only go so long without spending. Items need to be replaced, things break down and need repair, etc. This growth, all be is slow, can be great for a lot of people.

[Skybird]

Looking both at america AND Europe, I see no reason for optimism this year. Banks still hide the bigger share of their problems, so do insurance companies. Those who agree to accept state'S help, admit only fractions of their problems until they have gotten so much aid that the state canot accept to give them up once they reveal the real ammount of their damages. the Fed's influence is almost nill now, since it has spend the lion's share of it'S reserves. The note printing machines are running at 200% speed, fueling the risk of inflation. And Obama- well, everybody is putting all his trust blindly into the man - like many also put their trust blinldy into GWB, once upon a long time ago. But Obama'S options are very limited, he cannot do magic and miracles, for the most he can only influence the public psychology, but not the hard economic facts. While this ability should not be underrated, it also should not be overrated.

I do not hold my breath for 2010 either. If we would listen to the optimists, the spike of the crisis should have been taken place in late autumn of last year. then they said the middle of 2009. now they say end of 2009. Fine. The crisis itself cares a lot for these timetables, I'm sure. In europe, first essayists have just started to realise the real scale of the downward trend that is to hit europe from summer this year on. Many thought europe was better positioned than the US. We have just started to learn it better.

Considering the plan to spend massively and increase both deficit and debts, like Obama just anounced, I assume any american plans for a war with Iran are officially off the table. i also cannot see him being real when saying he wants to half the deficit until the end of his term.

Even for my friendly-neutral stand towards him, he seems to start leaning a bit too far out of the window.

http://www.businessweek.com/print/ma...2036855338.htm

[SteamWake]

For once your right !

It is bottoming out ! Here read this.

http://blogs.news.com.au/heraldsun/a..._reached#49803