ECRI: “WE’RE DEFINITELY ROLLING OVER”
The drop in the index is a reason for concern but it doesn’t mean we’re in a recession or assured of a double-dip in the near future. “I am definitely on alert, we’re not brushing this off, but it’s premature,” Achuthan tells Aaron and Henry in this clip. “We’re definitely rolling over” but it will take a “couple of months” before ECRI can make a definitive call.
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I think that we’re about to see many similarities between the current period and the early 1980s. (just to bait Boatman) This also includes the gold price!
Does it also include the trillions of dollars of debt that we currently owe which continues to grow even as I write this response to your 1980′s comparison? I think you should re-evaluate and this time include the greatest factor, WE ARE CURRENTLY THE NATION WITH THE HIGHEST DEBT IN THE WORLD….. AGAIN, IN THE WORLD!!! CAN YOU SAY THE NATION WITH THE GREATEST D_E_B_T!!!!!!!!!!!!!! NOW COMPARE IT WITH YOUR (BAIT BOATMAN) JESUS, where do these people come from? BLOOMBERG?????
Roll, baby. Roll.
There are three little words that explain all of the economic turmoil of the western world: Too Much Government. Whether it’s taxes, spending, borrowing, or regulating. All of this is directly related to, and is the cause of, inflation. When a corporation capitulates, and moves production operations overseas, to a “low-cost labor country”, this has an economically advantageous effect on inflation, but it increases non-employment. Note that for those who lose their jobs, inflation is the least of their concerns. But it sounds good when the media spits out the number. By the way, a “low-cost labor country” is characterized by a relatively low-per-capita-cost government.
Hi. I think what is wrong with government is that there is not enough democracy practised in it. The whole of the civil service in a government setting are all “owners” of the government and do not have enough say or voice in the political working level process of government, including who supervises and manages them. I suggest that all managers in the civil services in democratic governments should be elected by those who are managed, that is by the employees who report to them. This would open up government and remove all hidden aspects of it. However, instead of expanding on this here there is a short essay explaining this in more detail if you care to go there. It is at http:/way.to/Education. I suggest that if this NEW IDEA was introduced into out democratic governments many seemingly unsolvable problems at present would be disposed of and fixed in the routine everyday workday; e.g. the seemingly unsolvable problems in our educational systems would disappear seamlessly.
And I think that if more Democracy was introduced into the Civil Services of our Democratic Governments, at all levels, something along the line as suggested above, I would go even further and suggest that one GREAT BENEFIT that could be derived from it is that it would integrate and unite MONEY and PEOPLE, the two absolute sources of power in the world and make for more harmonious societies.
Thank you, Leslie
When my wife was a teenager, walking through a field in Holyoke, Mass, she found a checkbook with name Barney Frank on it and a sizable amount of money designated. Her mother turned it in.
This shows you the kind of loose people we now have in charge of our national pursestrings.
Amazing how the Barney Franks of the world love spending other people’s money.
Hi. I think when U.S business was able to expand overseas and ship Duty Free the goods that were produced in the lower wage government environment, the business exercising this method of production should have shared their “winnings” with the U.S. government., even on a 50-50 percent basis. Provision of jobs in the receiving overseas government was a sound social gesture to this overseas government in addition to being an economic prize to the providing manufacturing U.S. business. But to promote this without receiving additional benefits to offset the loss of employment in the U.S was a wrong and short-sighted gesture on the part of the U.S government. Leslie Jack
I am a small businessman with 5 employees. I WILL NOT EXPAND, INVEST OR SPEND ANY MONEY as long as this Congress is in session. On November 2nd there will be A SEA CHANGE IN CONGRESS AND THEN I WILL GO ALL IN.
The ECRI indicators peaked last July at about + 30 and it rightly called for an upturn in the economy 3 to 6 months down the road. Lo and behold, the economy had good growth from Sept until March. The GDP now is 2.7% and the ECRI short term indicators are at -10%. If it goes to say minus 20 and stays there, watch out.
HELLO RECESSION, BYE BYE STIMULATION.
Hello all smart people- Let’s dump the Federal Reserve and have our government borrow it’s own money at 0% interest. Let’s bring in the New 21st century with new cities and transportation systems ( i.e. personal overhead vehicles and high speed trains ) new water systems ( at least 5 to 6 grand sized projects across the united states coupled with new green energy systems. All brought into being with our own U.S. Treasury. Are you an immoral baster? Ask why we as a nation charge interest on homes ( which is a necessity of life ) try going without shelter. We need a constitutional amendment that makes it against the law to tax or charge interest on necessities of life ( food, water, clothing, shelter,and medical. ) Who ever wants a just society – Let’s do this!! Join the New Freedom Party for the 21st century. Let’s show the world how great this country is and well be!
I don’t know anything.