gorillamom

I hate to break it to you mud, but Bush's reign is the closest we will ever get to a communist country. The GOP is the fucking problem. Until We The People take control over "ALL" our public servants nothing will be right in this country.

__________________

The Clock of life is wound but once,
And no man has the power,
To tell just when the hands will stop
On what day or what hour.
Now is the only time we have,
So live it with a will,
Don't wait until tomorrow,
The hands may then be still.

DanS.

Sure..we could do that...and the companies could jut move their headquarters overseas or go out of business...assuming we have the power to do that.

We won't even take into consideration the fact that many countries require businesses to have a presence there to sell goods...

__________________
PUMA
What really got me into this was a negative: lurking on DU I was absolutely repulsed by the disgusting attitude of the obots - speaking as a global politics junkie I never encountered anything like it. I shudder to think of the malignantly orgasmic, frenzied glee that they must be feeling now

itsmeeeeeee

FBI investigating...accounting fraud, insider trading or other violations...Morgan Stanley, Goldman Sachs Group Inc. Bear Stearns Cos., etc...

FBI probes 14 companies over home loans

oh, right! it's just a cyclical thing!

__________________

Jonesy

Mud, these kinds of comments make you lose any degree of credibility. I'm assuming you actually know what it would take to change from our current system to communism. Which, if you do, makes you lose even more credibility.

Tell me this one, Mud-of-all-knowing, if spending money helps the economy, why not get all those super-rich American heroes to spend a few billions? Take one for the team... i'm sure they can spare a few pennies.

kblair7

I'm sorry but I am getting so tired of explaining this. There is no recession and there won't be a recession. Most of the securities are already looking at recovery, S&P 500 is slow at %1.2 but that is still growth. Investor confidence is a huge issue here, and if people are scaring themselves into investing into gold and bottled water, then yeah we may have a recession then.

It would take most people here about a precious hour to go and learn about what the fed does and why instead of making ridiculous predictions based on some bs you saw in readers digest.

I am telling you we are being set up again for another fall, based on a short-term interest rate bubble. IF they hold rates at 1-3% I assure you, in no uncertain terms, that we will again experience a crash like this one again. Assets cannot exist so far out of their fundamental value, and people buy into them KNOWING that. For historical examples see the Louisiana Bubble of 1720 and the South Sea Bubble of 1721.

As for Outsourcing, for the 600th time, only certain sectors are effected and not in the way you think.

Can you even tell me what jobs are being "outsourced?" Why would you want manufacturing to come back to the US? So we can pay x2 more to process raw materials and for consumer products? It is a way for companies to cut costs so you can have your IPOD for $99 rather than $200. I see now problem with outsourcing, when its exercised responsibly.

kblair7

I never said that there wasn't foul play in the SP securities or that lenders should not be held accountable for their policies. However, like all things it is very complicated. The relationship between lenders and their parent companies are large variable on "who is liable" argument.

How that is relevant to the fed setting interest rates to low in the late 90's is beyond me.

DanS.

In all fairness it isn't the readers digest saying it...Goldman Sachs, Wall-Street Journal, Alan greenspan, The economist, etc.etc. are all saying it....very reputable and knowledgeable sources

kblair7

The economist, I read it every week. They have taken a similar position that we have some major problems but its not the fucken great depression.People need to take a breath and realize that this is simply another repeat of the previous 7-8 years ago. Since most poeple here would rather be moronic and cite sources like CNN and Fox who have a vested interest in alarming people (ratings perhaps?!) Rather than take time to do substantive research and listen to good sense.
The markets | It's rough out there | Economist.com

I don't know if u have a subscription to get the full story. But you can pick up a paper copy at any newstand.

Alan Greenspan is fighting for his legacy right now because all fingers are pointed at him in the economics community. Including his lap-dog Bernake who turned on him.

Yes, their have been loses, and there will be more in the future, if the fed continues with the policy of slashing STI rates so low. I don't know why people can't see this in terms of objective reality.You know this as well as I do that the fed is COMPLETELY to blame for this credit debockle.

DanS.

Depression? no I don't see it happening...some very hard economic times, worse than it is now? yes...possibly in the future...it doesn't have to be in the near future.

Up until a couple of weeks ago I had the economist....and like an idiot I never activated my online account.

lucytalk

i didn't read page 2 or 3 but this is easy ~ fix your middle class and the rest will work itself out.

it's not rocket science.