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alstry (36.32)

This is a DEPRESSION...no matter what anyone tells you

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April 29, 2009 – Comments (5)

U.S. 1Q exports fall 30%, imports fall 34.1%

A depression is only a 10% decline in GDP from peak to trough.........

You do the math.......

You can choose to see.......or simply shut your eyes......the choice is yours.....until they take it away from you........

without truth........there can be no democracy.

5 Comments – Post Your Own

#1) On April 29, 2009 at 9:08 AM, alstry (36.32) wrote:

Consumer spending rebounded to rise 2.2% after dropping at a 4% annual pace in the previous two quarters.   Consumer spending added 1.5 percentage points to GDP.

Just wait until the higher interest rates and cutting off credit lines kill the consumer going forward.....not to mention the millions of job losses and tens of millions of wage cuts.

I am hearing story after story of consumers running up their credit card balance before knowing they are going to get cut off.

It is mathematically impossible for consumers to keep spending while incomes are evaporating and credit is being cut off......

You have been warned.......Prepare....Don't Fear.....get your head out of your underwear........be a bull.....be a bear......but get your brain in full gear.........or that light coming at you may be a car......and you a deer

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#2) On April 29, 2009 at 11:49 AM, EHoyle80 (< 20) wrote:

Recession vs. depression? How about recession vs. collapse? This is the question Gregor Macdonald asks, and he favors the latter answer. His prognosis? “Based on historical studies, the asset that will survive any endgame of global deflation is gold – with oil also being considered ‘Not as money, but as a store of value.’”

Via Stock Research Portal (http://www.stockresearchportal.com)

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#3) On April 29, 2009 at 4:29 PM, alstry (36.32) wrote:

Fed hints worst may be past

This is the headline from MarketWatch...

FOMC says spending is stabilized, and pace of downturn has slowed

Last year Bernanke and Paulson was saying things were fine and there  would be NO RECESSION.  Now we are in a Depression and they refuse to acknowledge it.

What do they have in store for Americans as millions are getting kicked out of their homes while their Wall Street buddies are getting millions in bonuses for manufacturing Financial Meth???

Another way of saying that the pace of the downturn has slowed per the Institute of Alstrynomics......THINGS ARE GETTING WORSE!!!!!!!!!!!!!!!!!!!!!!!!!!

Prepare.....Don't Fear......You ain't seen nothing yet as the Fed supported Zombie Banks turn America and its citizens into  ZOMBIE NATION!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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#4) On April 29, 2009 at 11:40 PM, jegr5347 (< 20) wrote:

Hey, we are finally closing the gap on the trade account. We picked up 4 points on the trade imbalance.

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#5) On April 30, 2009 at 12:35 AM, bostoncelitcs (45.38) wrote:

Good.......where does the "bread line" start!  If you can't pay the mortgage move in with the in-laws like it was done back in the day.   No federal taxpayer money to buy "toxic assets".....let the Chinese buy the McMansions.  We got into this mess by ourselves....we are going to get out of it ourselves.

 

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