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HiPointDem

(20,729 posts)

9. except that europe wasn't in recession then & china was the engine of the global economy.

Reply to Drunken Irishman (Reply #8)

Sun Aug 26, 2012, 06:22 AM

Aug 2012

except that the dominoes of spain, greece, etc hadn't fallen over, etc.

austerity budgets in process all over the globe -- that means reduction in production, that means reduction in jobs, that means recession.

i think recession is likely. we'll see.

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Highlight:

Odds of Global Recession Are 100%: Marc Faber [View all] HiPointDem Aug 2012 OP

Saw a NYT article on Sherman A1 Aug 2012 #1

my thoughts are things are looking grim, and it's all to give the fucking banksters more money & HiPointDem Aug 2012 #2

Like they say options are like assholes bigdarryl Aug 2012 #3

possibly because the gov't is selling off blocks of foreclosures to private equity firms, eh? HiPointDem Aug 2012 #4

Maybe...but we've been hearing this since coming out of the last recession... Drunken Irishman Aug 2012 #5

europe is officially in recession already. china has a glut of unsold product & the us ain't lookin HiPointDem Aug 2012 #6

Like I said, they've been saying this since 2010... Drunken Irishman Aug 2012 #8

except that europe wasn't in recession then & china was the engine of the global economy. HiPointDem Aug 2012 #9

I don't...but you're right, we'll see... Drunken Irishman Aug 2012 #10

Publisher of �The Gloom, Boom & Doom Report B Calm Aug 2012 #7

I have a hard time... FreeJoe Aug 2012 #11