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"The last month has been a horror show for the U.S. economy, with economic data falling off a cliff, according to Mike Riddell, a fund manager at M&G Investments in London.
"It seems that almost every bit of data about the health of the US economy has disappointed expectations recently," said Riddell, in a note sent to CNBC on Wednesday."
Hey dopehead I voted for Ron Paul in the last two elections. I hate Obama as much as I hate Bush. Nice try though.........partaking in partisan politics and the right left paradigm plays right into "their" hands.
It is funny how people label others based on whether or not you agree with their personal view. For example if you did not vote for McCain, then they label you as a socialist, communist Obama lover. Go figure
The only think propping up the Stock Market, is the fed.
Tarp, Omnibus, QE-1, QE-2, have been used and abused. The only think that will keep the Stock Market from dropping and dropping, will be another... QE-3
Which will skyrocket food and gas.
The only thing? Corporations have recorded record profits, the highest since being tracked. Give me a break.
The market will go up, and it will go down. Then it will repeat.
Bush's America watched the DOW get cut in half and millions of Americans got to extend their retirement date. Since Obama took office, how much has that DOW gone up?
If I listened to guys like you, I'd be broke right now. Instead I do the opposite of just about everything you "warn" us about and have made great money these last few years. In fact I've always done well betting against Conservative hysteria, it's a great barometer for me. I can almost always bet that whatever you are saying we should do, the opposite will be my safest bet!
Oh, my! The market almost got knocked all the way back to where it was...last week.
Meanwhile, it is above the lows reached in April, and up further from the March low.
But go ahead, spread the panic--I've got more money coming in to invest. I hope the foolish continue selling their shares to the wise until then.
What it is saying exactly is, the market is inflated with QE printing presses and that has run dry. The inevitable correction is upon us.
Paul is in the beginning stages of the fed audit, too! You think Big Ben will pull a QE-3 out of his ass, now?
Did you read what you just wrote? You just said Ron Paul was the only true Republican in Congress, then you immediately state that he is more libertarian than Republican. That makes no sense.
A better way to say it is that Ron Paul is the only true fiscal conservative in Congress (he is more so a social liberal), and therefore he is the only true libertarian in Congress.
Republicanism by default is now rule by social conservatism and fiscal irresponsibility.
You are getting the middle of the road Moderates, who are the real Libertarians, confused with a true Constitutional Conservative.
Libertarians side with the Progressives in the majority of voting on issues and policy.
Why cant you people praying for the demise of the American economy just be quite and buy your Gold bullion coins and crisis garden seeds from glenbeck.com?
What it is saying exactly is, the market is inflated with QE printing presses and that has run dry. The inevitable correction is upon us.
Paul is in the beginning stages of the fed audit, too! You think Big Ben will pull a QE-3 out of his ass, now?
QE3, no thanks. The bond market is already cheering the end of QE2, and the other markets will follow. The drop in the market is not even half the size of the 2010 drop from April to July; it took until November to reach break out above the April high. Yet 2010 was a pretty good year for the market.
With the political stalemate in Washington reducing the threat of more Obamanomical intervention in the economy, we'll be on a better path soon.
The market bounces around; we already knew that. The economy grows in fits and starts; we always forget that.
We're in a soft patch of slower growth--but when you add 1% to a number, you get a bigger number. Slow growth is better than no growth, and it will give way to faster growth as the economic stupidity of Obamanomics wears off.
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