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If it occurs, which the media seems to be throwing out these days and the markets continue to go in their direction (which I hope does not happen), do you think Mitt Romney will easy win this election?
Why do people feel the need to blame bankers, Jews or any external factors for everything. Maybe it is just the economy?
Also, a second recession will at worst happen in America in Q3 2012. Hence, it will not affect Obama reelection. However, the heals care ruling will.
People who does not understand the problem blame the banker. Those of us who understand the problem blame the government. If I am the banker, I would do the same too. "Invest" in politician and get 1000% in return. Why do you think bankers get a bail out instead of individual like you and me. Yes, you got it right. We have no money to "invest" in politicians.
We don't have a free market economy. It is control by the government. They pick winners and losers. They (politicians) reward their "investors" and punish everyone else.
If it occurs, which the media seems to be throwing out these days and the markets continue to go in their direction (which I hope does not happen), do you think Mitt Romney will easy win this election?
If we see a rise in the unemployment rate no matter how little or if other signs show us not recovering, he will win. If things continue like they did until a few weeks ago, it is anyone's guess how it will turn out.
Haven't seen much about a second recession. Markets have been doing fine, least stock markets. They had a really hot four months and are just cooling off a bit. That and it is summer, natural cycle. Will pick up again towards the end of the year.
If we do have second recession? Yea, Mitt would win. I don't see that happening though. Either Mitt winning or a second recession.
The stock market isn't the only indicator of the economy. In fact it is controlled more by world affairs, not what happens here in the country. That being said, it has taken a nosedive the past few days. Who knows what it will do in the next few months. Personally, I want to see it go to 15000 but I am not holding my breath..
Nah Ponderosa is right, gas prices generally peak by now and most analysts have them falling going forward. Granted who knows what the impact on election will be since November is far away and all it takes is significant world event to spook oil prices up.
The dreaded $5/gallon gas just never materialized.
in 2008 they peaked in late May or maybe June. I don't remember for sure, but I know about when. We were moving from NM to AR at the time so I am pretty aware of what we paid and how it kept going up. We made enough trips back and forth house hunting and then moving. I am inclined to think it was mid June. Since they have fallen some, I doubt they will climb to what they were then.
The stock market isn't the only indicator of the economy. In fact it is controlled more by world affairs, not what happens here in the country. That being said, it has taken a nosedive the past few days. Who knows what it will do in the next few months. Personally, I want to see it go to 15000 but I am not holding my breath..
The only way to get the fat cats on Wall Street to 15000, is off the backs of the middle class and another QE-4, by Bernanke, of a huge magnitude.
the notion of the left that this economy is robust and on the rise is really laughable. I don't know where the connect gets lost in the fact that the US dollar is losing it's value due to the burgeoning debt. It's basic economics.....but the lefties just seem to want to latch on to the idea that obama is the messiah and will lead us from the debacle that he has mostly been responsible for.
If it occurs, which the media seems to be throwing out these days and the markets continue to go in their direction (which I hope does not happen), do you think Mitt Romney will easy win this election?
How can it be a second recession when the first one never truly ended? I want whats best for this country and I want the economy to recover, and if that means an Obama re-election then so be it, but Obama has had four years to show SOME improvement in this economy and so far we've seen nothing. Obama himself said if things weren't improving by the end of his first term, then he doesn't diserve re-election. Now its time to hold him to that!
Nah Ponderosa is right, gas prices generally peak by now and most analysts have them falling going forward. Granted who knows what the impact on election will be since November is far away and all it takes is significant world event to spook oil prices up.
The dreaded $5/gallon gas just never materialized.
Throw a hurricane into the Gulf of Mexico and it'll send gas prices higher.
Bottom line - the 'normal cycle' is for us to come out of the annual peak now but shocks and variability can certainly cause secondary spikes.
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