“Is it possible that we are already in a global recession but just don’t know it yet? And is the U.S. itself — still the epicenter of the world economy — standing on the front edge of another recession?
I sincerely hope I’m wrong. But warning signs are everywhere.
The eurozone economy is flat on its back. Greece may be headed for a political crackup and an exit from the euro and European Union. Deposit runs in Greece and elsewhere are beginning, and a credit freeze throughout the continent is not out of the question. Meanwhile, emerging economies like China, India, and Brazil are slumping.
Here at home, ex-Clinton strategists James Carville and Stan Greenberg sent a memo to President Obama telling him that his campaign message of slow and steady recovery progress is out of touch with Main Street America. They’re right. Of course, Obama’s “private sector is doing just fine” statement is part and parcel of his disconnect from economic reality.
And the reality isn’t good. Whether you’re a Democrat or Republican, take a look at the numbers: ”
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Who put Roundup on the green shoots?
Are we seriously going to go through this debate all over again where pundits speculate for months on end whether or not we are already in a recession?
That was my least favorite part of 2008.
Lol, indeud. My favorite part though was when Kudlow and friends kept saying that “Sub-prime mortgages are such a small part of the economy.” I’m still astonished that anyone still watches or listens to these clowns.