More Doom and Gloom

[crossbow]

It seems like all the head lines these days are not good.
What the Double-Dip Recession Will Look Like
by Douglas A. McIntyre
Monday, August 16, 2010


Nearly two-thirds of Americans believe the economy has yet to hit bottom, a sharply higher percentage than the 53% who felt that way in January," according to a recent Wall Street Journal poll.

A growing and vocal minority of economists believes that there will be a double-dip recession primarily because of the intransigence of high unemployment and the rapidly faltering housing market. The notion of a "jobless recovery" has been around since the recessions of the 1950s and 1960s. It is a concept built on a relatively simple idea: employment lags during a recession but it is always part of a recovery cycle. Production rises as businesses see the end of a downturn and anticipate improving sales. They are reluctant to hire new workers until the recovery is confirmed, but once it has been, hiring picks up.

The 2008-2009 recession was

[Lowdown3]

I interact with a fair amount of small business owners for my regular job. In 07, 08 and to a smaller extent 09 their wasn't half the trepidation that their is now. I think most folks thought this was a temporary glitch to work through. Now it's setting in that it will be a longer term problem. It's getting tougher out there for most small businesses.

[Patriotic Sheepdog]

Being a small business owner, I think the trepidation comes from not knowing where the "bottom" will be and how much further we have to go down before we start going back up. Too many unknowns...2 more years of prez O, healthcare taxes/costs, unemployment still down, consumer spending down, housing down, etc. I don't want to put any more $$ into a business if it will fail because of what the politocians do and not because of my actions. I have to be reactive and not proactive, because nobody can predict what is coming next.

[monkeybird]

http://kunstler.com/blog/2010/08/ski...ward-fall.html

This is a great article. The writer logically expresses the tailspinning descent the U.S. economy is taking. He predicts major difficulties by October. While I am not necessarily a big fan of the writer, I read his material because I find it real.

[crossbow]

when you come home don't be surprised if you no longer recognize the country you're in.

absolutly correct, if the young people don't wake up and get a handle on this country and the elected officials,. the unions, ect. they're not going to like what they see when they do wake up and after they hit the reset button, it may take a lot of blood and yrs before things get back to the way the founding fathers outlined it.

[610Alpha]

I was in a church meeting last night and we were talking about the younger generation and the spirit of entitlement that they have, we were trying to figure out how to break them of it. Not going to be easy that's for sure with the stinkin media and commercials telling them they deserve everything handed to them without working for it.