Comments on: Nouriel Roubini’s Economic Crystal Ball

By: Ron

Ron — Tue, 17 Nov 2009 17:16:21 +0000

Everything CA Patriot said was also true of Reagan. About 28 years ago, my next door neighbor, a retired CIA financial analyst, told me what Reagan was trying to do. He said he wanted the country to go back to how things were during the 1930s, during the Great Depression. Back then, there were the wealthy and a huge underclass willing to work for very low wages. Reagan wanted a return of that underclass with the thought that cheap labor would help keep us competitive with China. Of course, the history is that unions pushed wages higher, the globalists shipped jobs overseas, and we’re deeply in debt to China.

I read the Roubini comments yesterday and also what Meredith Whitney said on CNBC. Here’s an outline:

http://www.streetinsider.com/Analyst+Comments/Meredith+Whitney+Says+Sell+the+Banks,+Believes+Everything+is+Expensive+Right+Now/5113857.html

I think the stock market will continue to go up, with some profit taking along the way, until interest rates start going up and that won’t happen for several months. First, some unwinding of the quantitative easing as the Fed adjusts its balance sheet. The process will be gradual.

By: California Patriot

California Patriot — Tue, 17 Nov 2009 15:25:51 +0000

Why can’t everyone realize that the government has NO intention of helping the economy? The idea is to make America a third world country. Most of our good paying jobs have been out-sourced. There will be no help from either party, as they are really one party. For the most part the bailouts went to the banks, period. It’s really not very complicated to understand this. If the idea was to rebuild America they would be doing it. However, what they want to do is take us back to the pre-industrial age.

It’s the responsibility of the American people to wake up and take the bums out of office. People are not going to wake up, though, unless they turn off their freaking TVs, stop eating genetically modified food, and drinking fluoride.

That’s my rant for the day.

By: John Jewel

John Jewel — Tue, 17 Nov 2009 12:02:37 +0000

Nouriel Roubini's Economic Crystal Ball http://bit.ly/2EQf8C

By: Reenita

Reenita — Tue, 17 Nov 2009 10:56:40 +0000

Nouriel Roubini's Economic Crystal Ball http://bit.ly/1NNNpE

By: Diamond Tiger

Diamond Tiger — Tue, 17 Nov 2009 09:54:09 +0000

I have to add one more thing “Cant”. What you are seeing in America today is the average American has realized where the “buy now and pay later” addiction has gotten us with all the bailouts and red ink that we are about to endure and pass on to our children – and we are saying “No More”. You are looking at cold turkey time and let the chips falls where they may. It’s time to put a floor under the fall – not start another spending cycle and worry about it later. We are done with the games.