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Old 07-30-2011, 08:09 AM
 
Location: The Republic of Texas
78,863 posts, read 46,654,236 times
Reputation: 18521

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The double dip is coming faster than expected.
Numbers manipulation can no long help.


A day of reckoning is upon us.


Since they redefined a depression, so the people are fooled and a panic doesn't happen, this is the day in time to be judged.

Look how unemployment is counted today, compared to FDR's depression.
Look how GDP is calculated today, compared to the FDR depression.


If we went back to the 1900 definition of a depression, would this be defined as a depression?
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Old 07-30-2011, 08:15 AM
 
12,997 posts, read 13,650,642 times
Reputation: 11192
Seeing as how the economy is growing.. no. We're not even technically in a recession, much less depression. But yes, I agree with you that economy sucks.. and from the looks of it, it's about to get a lot worse thanks to your Bag friends.
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Old 07-30-2011, 08:34 AM
 
Location: The Republic of Texas
78,863 posts, read 46,654,236 times
Reputation: 18521
Quote:
Originally Posted by WestCobb View Post
Seeing as how the economy is growing.. no. We're not even technically in a recession, much less depression. But yes, I agree with you that economy sucks.. and from the looks of it, it's about to get a lot worse thanks to your Bag friends.

How is the economy actually growing on QE-1 & 2.
You cannot grow an economy on inflating the currency to look like there is more there than there really is.
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Old 07-31-2011, 12:44 PM
 
Location: The Republic of Texas
78,863 posts, read 46,654,236 times
Reputation: 18521
The crash is on the horizon.

Not even Uncle Ben, or Taxing Tim, can save it.

The correction for QE-1 & QE-2 is upon us.

Bubbles are created by the government and when they pop another bubble is created.
Get government out of the picture. Don't they have a few wars to fight?
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