Economic Signals Point to a 2013 Recession by AURaptor

REAL WORLD EVENT DISCUSSIONS

Economic Signals Point to a 2013 Recession

POSTED BY: AURAPTOR
UPDATED: Sunday, September 30, 2012 11:17
SHORT URL:
VIEWED: 1447
PAGE 1 of 1

Sunday, September 30, 2012 6:12 AM

America loves a winner!

The latest numbers for durable goods and personal income send an alarming message. Will it be heard?

BY DAVID MALPASS

Data released this week by the Commerce Department waved bright red recession flags—orders for durable goods fell 13.2% in August and inflation-adjusted personal income fell 0.3%. President Obama is asking for more time to allow the lackluster recovery to pick up steam. His plan is to move the economy "forward" by keeping the current policy framework in place and adding higher tax rates on income and capital gains. But the new Commerce Department numbers, combined with his stay-the-course approach, point to recession in 2013.

This administration's economic policy is built on deficit spending, government control over the economy and dependence ...

http://online.wsj.com/article/SB10000872396390443816804578000484118713
060.html

" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "

NOTIFY: N | REPLY | REPLY WITH QUOTE | TOP | HOME

Sunday, September 30, 2012 6:50 AM

1KIKI

Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.

You mean you don't subscribe and can't post the whole article?

Figures.

Just more of the same from little rappy - never let facts get in the way ... check that, never let facts get in.

NOTIFY: N | REPLY | REPLY WITH QUOTE | TOP | HOME

Sunday, September 30, 2012 8:35 AM

AURAPTOR

America loves a winner!

orders for durable goods fell 13.2% in August and inflation-adjusted personal income fell 0.3%.

Did ya need a subscription for THOSE facts, Kiki ?

Hmmm?

" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "

NOTIFY: N | REPLY | REPLY WITH QUOTE | TOP | HOME

Sunday, September 30, 2012 8:52 AM

KPO

Sometimes you own the libs. Sometimes, the libs own you.

A recession in 2013 if Obama is re-elected - is that your prediction Auraptor?

It's not personal. It's just war.

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Sunday, September 30, 2012 9:49 AM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)

Can you confidently predict that if Romney's elected, there will be no recession? That he'll cut deficits, lower the debt, and get the economy roaring, all while implementing austerity measures?

Anyone predicting that?

"I supported Bush in 2000 and 2004 and intellegence [sic] had very little to do with that decision." - Hero

Mitt Romney, introducing his running mate: "Join me in welcoming the next President of the United States, Paul Ryan!"

Rappy's response? "You're lying, gullible ( believing in some BS you heard on msnbc ) or hard of hearing."

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Sunday, September 30, 2012 10:33 AM

1KIKI

Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.

Quote:
Originally posted by AURaptor:

orders for durable goods fell 13.2% in August and inflation-adjusted personal income fell 0.3%.

Did ya need a subscription for THOSE facts, Kiki ?

It sure would be nice to read the analysis instead of having you try and bait us into discussing what they MIGHT HAVE argued. Ya think?

Come back with the article.

NOTIFY: N | REPLY | REPLY WITH QUOTE | TOP | HOME

Sunday, September 30, 2012 11:17 AM

AURAPTOR

America loves a winner!

Quote:
Originally posted by kpo:
A recession in 2013 if Obama is re-elected - is that your prediction Auraptor?

It's not personal. It's just war.

That's above my pay grade to make that sort of call, but I strongly support giving Romney a chance. If he's not doing a better job in 3 years, it'll be a 1 term endeavor.

" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "

NOTIFY: N | REPLY | REPLY WITH QUOTE | TOP | HOME

YOUR OPTIONS

SHARE THREAD

NEW POSTS TODAY

USER	POST DATE

USER

POST DATE