xsg

This is not the end...

Jun 30, 2010 19:02

Just a note: we're in the midst of another great depression, and we haven't hit bottom yet.  The last six months were a false recovery due to government spending, but that spending is just about tapped out and it'll be a long time before Republicans allow more deficit spending.  You'll start to see the economy bear this out during the second half ( Read more... )

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chipadeedoodah July 1 2010, 02:27:23 UTC
I posit that the earliest recovery could start happening is '12, because that's when the last of the 5-year-ARM bombs will explode.

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