Has the "double dip" finally arrived?

[wvojak]

I think it officially arrived this week. .

Just this week the "main stream" media (finally) reported:
- unemployment shot up in a huge way
- foreclosures shot up in a huge way
- bankruptcies shot up in a huge way
- people are pulling money out of 401Ks (hardship loans) in record amounts
- housing sales have crashed again and prices are dropping
- And for the first time that I have seen, the MSM is talking about inflation (food, fuel and such)
- Dow seems to have lost steam (under 10K seems realistic again)
- Ben Bernanke made several rather realistic (not positive) statements this month

And this month the Fed finally admitted that they have been, monetizing the debt and plan on continuing to do so.

[Saul Mine]

Nope. All the analysts I follow insist we are still in the first dip and nowhere near the bottom of it.

[joe_momma]

Saul is correct - if you exclude the stimulus spending by the government - cash for clunkers, housing credit, tarps, and fudging the CPI and employment numbers - we never left the recession and probably entered a "true" depression in Q1 2010.

(my arbitrary definition of Depression - >15% real unemployment, 5% reduction in GDP)

[Book]

http://z.about.com/d/politicalhumor/1/0/b/M/2/1929.jpg

Doomflation is almost here.

:D

[wvojak]

Haven't you heard? We were in "Recovery Summer"!!!!

;D

[gunDriller]

Haven't you heard? We were in "Recovery Summer"!!!!

;D


twas the Kiss of Death from Power Bullshitter Barack Obama.