Recovery ? What Recovery Nouriel Roubini
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Wake up !! Go to work and find out that you no longer have a job !! ANALIZE THAT !!
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Another idiotic display by Moody's.
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even worst in asia? hello smartass YOU FUCKING KIDDING ME?
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@jeremyraybrown : Wall Street moguls are reluctant to move manufacturing back to the US from China. They're not about to surrender the large profit margins for America's middle class sake. I've positioned myself to sustain an economic catastrophe, but what about the "other guy"? I hope the current administration isn't concocting a crisis for an opportunity.
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@kotash2 Moody's is a joke. Only an imbecile would listen to them.
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@barryinspace The fundamental cause of the crisis is government distortion of capitalism. They now have a disturbing history of bailouts, horribly low interest rates, Fannie and Freddy moral hazards, bad legislation, money printing, etc. ... Now you expect the government to solve the problem .... LMAO!!!! The best thing the government could do is roll back some of the depression era legislation they undid and then get out of the way and reduce taxes and spending.
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@joe80dman Apparently we can have a recovery, however, it is a stimulus based recovery. We really need a major pick-up in manufacturing and saving. Still, once the stimulus runs out because of a stronger inflation threat, then all bets are off. I just hope I've positioned myself well before that date.
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The fundamental cause of the crisis is too much debt - resulting from the issue of bank credit as our money supply. Government issued debt-free money is the solution - it will keep the money supply stable while the banks deleverage and withdraw credit from circulation.
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-- What I see is MAria is SEXY ... she is calling you to fuck her ...
But House prices can not fall , If that happens ,, creditors who invested in USA real estate , will be broke. Chinese Japanese Saudis(they are dumb) they have OIL .
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Oh and congratulations Chicago for coming last in the Olympic bid.
I never though I would see the day America literally implodes from the inside.
It is just one defeat after the other
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What John Lonski, Chief Economist of Moody's Investor Services miss is the wave of foreclosures that will hit in August 2009. The ALT-A problem, made of jumbo loans, 2nd homes, & investor purchases will hit big. This tsunami of foreclosures will drop values further, and cause banks to realize losses like never before, causing some of them to fully default. Credit loses will only increase, they have NOT peaked. Property values have not bottomed either, expect further erosion. You heard it here.
REOGURU 2 years ago 7
How could there possibly be a recovery when more jobs are lost on a daily basis? Someone is lying through their corporate/Wall Street teeth at us. There will be NO recovery. You can't have a recovery with a service based economy coupled with heavy trade losses.
joe80dman 2 years ago 6