It’s going to get much worse…there is no escape (ECRI)

[paramount]

http://finance.yahoo.com/blogs/daily-ticker/going-lot-worse-ecri-achuthan-says-recession-unavoidable-141929160.html;_ylt=AvK7ifTojdgjvtkxV5ROvDu7YWsA;_ylu=X3oDMTFjcHBuZHRiBHBvcwMzBHNlYwNGUERhaWx5VGlja2VyQmxvZwRzbGsDbmV3cmVjZXNzaW9u

[Rich Toscano]

ECRI has a very good track record… I take them quite seriously.

[barnaby33]

I love how much effort they put into describing expansion, as if anything other than debt has expanded in the last two years.

I’m still solidly of the opinion we never left depression.

[poorgradstudent]

I agree that we’re probably in the start of a new recession, although I expect this one to be fairly shallow and short. Still, I’m thankful I just landed a new (better) job, and hope to keep it!

[scaredyclassic]

Did I tell you about this shirt I saw a hipstwr kn Portland wearing? It said “it’s going to get worse”. I sent my kid over to ask him where to get one.

Ibought one but it’s a little tight

[sdduuuude]

Thanks for posting. I found that guy pretty interesting.

[outtamojo]

[quote=walterwhite]Did I tell you about this shirt I saw a hipstwr kn Portland wearing? It said “it’s going to get worse”. I sent my kid over to ask him where to get one.

Ibought one but it’s a little tight[/quote]

Lighten up on those push-ups.

[Anonymous]

[quote=Rich Toscano]ECRI has a very good track record… I take them quite seriously.[/quote]

So we can’t use the “economists have predicted 8 of the past 3 recessions” joke?

Bummer.

[Rich Toscano]

[quote=pri_dk]

So we can’t use the “economists have predicted 8 of the past 3 recessions” joke?

Bummer.[/quote]

Haha… in this case, we can’t, because ECRI has been real good about avoiding false positives fwiw.

[Jazzman]

[quote=walterwhite]Did I tell you about this shirt I saw a hipstwr kn Portland wearing? It said “it’s going to get worse”. I sent my kid over to ask him where to get one.

Ibought one but it’s a little tight[/quote]
Well, if we are in for lean times, it should fit after a few weeks 🙂

[The-Shoveler]

Seems like it,
It seems like a lot of this is self-inflected as well, “WE WANT TO BECOME JAPAN”
We don’t want to grow, We don’t want inflation, We want less household formation.
Funny thing is just like japan (because we don’t want to inflate) we will end up with larger and larger defect spending just to keep people busy so they don’t revolt. You cannot get more Gov revenue without growth, you cannot get growth until you solve the housing situation (one way or the other).
“End of Growth” I had this in my mind for several months now, damm someone else used it before me..
I just wish I would of patented the “automation economy “, I seen it now about 5 time since I first created it 2 or 3 years ago.

[patientrenter]

[quote=Nor-LA-SD-GUY2]…….
Funny thing is just like japan (because we don’t want to inflate) we will end up with larger and larger defect spending just to keep people busy so they don’t revolt. You cannot get more Gov revenue without growth, you cannot get growth until you solve the housing situation (one way or the other)….[/quote]

Those who gambled on earning income from leveraged speculation on asset prices, especially house prices, are desperate for inflation. It’s the easy way to generate income for those who bought assets with borrowed money. Make thousands every month without having to produce anything! What a deal! Bernanke is a God!

The actual solution to our problems is making more real stuff that we all want enough to pay for, and that substitutes for imports, and exporting things that other people want enough to pay for. Instead we are anxious to shuffle money around so that we can dream that we can get rich by sitting on leveraged housing assets, just like we were doing before 2008.

[The-Shoveler]

Hmm Making stuff people want to buy (Exporting) did not seem to solve Japans problems !!
At some point it stops being about being fair, and starts being about finding a solution or continuing to spiral into the abyss .

[scaredyclassic]

There’s a new cottage us industry in producing very light shoes and sandals to give a bareffoot running feel. Some reviews at http://www.birthdayshoes.com

I like the unshoes and will be buying some for me and kids this weekend. Made in America from nylon and thin rubber.

[moneymaker]

My son and I went to a local sporting goods retailer several months ago and while we were there we tried on the five toe shoes. They were expensive and not very comfortable. I think it’s a good idea, just needs some improvement for us tenderfoots. Maybe a mesh over the toenails so that UV light can kill any potential fungus(onychomycosis). I would have bought them as anovelty item if they were cheaper.P.S> Now that I’m a week trader(not to be confused with day trader) I would love it if the Gubernment would let me invest my 401K the way I want to invest it. I say the best stimulus package would be to give people access to their 401k’s without penalty. not without paying taxes however. Wouldn’t it be great though if the taxes were 15% like the rich get.

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