Go Back   Old Project Avalon Forum (ARCHIVE) > Project Avalon Forum > What’s Going Down > RSS News Feeds

Notices

Reply
 
Thread Tools Display Modes
Old 06-17-2009, 02:50 AM   #1
Newshound
News Bot
 
Newshound's Avatar
 
Join Date: Jan 2009
Posts: 596
Post Economists see end to US downturn

The US economy should emerge from recession by late summer, economists from some of the country's top banks say.

More...
Newshound is offline   Reply With Quote
Old 06-17-2009, 02:55 AM   #2
BROOK
Avalon Senior Member
 
Join Date: Oct 2008
Posts: 3,117
Default Re: Economists see end to US downturn

I'm going to hold my breath.....



Or better yet...let's let this guy hold his breath...


BROOK is offline   Reply With Quote
Old 06-17-2009, 02:58 AM   #3
Dantheman62
Avalon Senior Member
 
Join Date: Sep 2008
Location: So. Cal. U.S.
Posts: 4,205
Default Re: Economists see end to US downturn

HaHa, I like how it says "economists from some of the country's top banks say."
Oh that makes me feel a lot better, Doh!
Dantheman62 is offline   Reply With Quote
Old 06-17-2009, 03:19 AM   #4
Northern Boy
Avalon Senior Member
 
Join Date: Oct 2008
Location: On this Rock
Posts: 1,390
Default Re: Economists see end to US downturn

Yahoo its over people will race to the streets and jump for joy wow guess that means that they will be calling all those GM and Chrysler workers back and those spin off jobs that they created for that industry . Oh god I`m so excited I`m going to sh*t myself ........... wait ... whats that sound ......... no is that the other shoe dropping or did someone just shut the door ? Derivatives what`s that mean ............. But the FED said everything was cool........... everything was turning around ........... And Obama just gavethem great new powers ...............OOOOOH SH*T
Northern Boy is offline   Reply With Quote
Old 06-18-2009, 11:57 PM   #5
peaceandlove
Avalon Senior Member
 
Join Date: Sep 2008
Location: Turtle Island
Posts: 2,776
Default Re: Economists see end to US downturn

MORE great photos BROOK!


MISES ECONOMICS BLOG
Do not give in to evil, but proceed ever more boldly against it.

Just a Theory

June 18, 2009 11:26 AM by S.M. Oliva | Other posts by S.M. Oliva | Comments (72)

Through his various proposals, Barack Obama is intentionally prolonging and deepening the current economic collapse. He fully understands his proposals won't work. But nor is he a socialist committed to perpetual state ownership of capital. He is simply a thief seeking to pilfer as much wealth as he can for himself - and his allies - before retreating into a life of post-presidential leisure. The poor economy provides an excellent pretext for such theft, as the population is too concerned with its own survival to raise serious objections, and by the time the public becomes aware (and angry), Obama will have left office.

SOURCE and COMMENTS: http://blog.mises.org/archives/01016...comment-557001


MELTDOWN

By: Thomas E. Woods

VIDEO: http://mises.org/multimedia/video/Woods_04-03-2009.wmv

Last edited by peaceandlove; 06-19-2009 at 10:35 PM.
peaceandlove is offline   Reply With Quote
Old 06-19-2009, 12:16 AM   #6
pyrangello
Avalon Senior Member
 
Join Date: Sep 2008
Location: Northern Michigan
Posts: 412
Default Re: Economists see end to US downturn

We hit 14.1% unemployment officially in michigan yesterday and are expected to go over 15% next year, I think it's more like next month than next year.

All in time , right!
pyrangello is offline   Reply With Quote
Old 06-19-2009, 12:17 AM   #7
peaceandlove
Avalon Senior Member
 
Join Date: Sep 2008
Location: Turtle Island
Posts: 2,776
Default Re: Economists see end to US downturn

Quote:
SOURCE: http://www.realityzone.com/currentperiod.html G. Edward Griffin

Foreign demand for U.S. bonds fell 80% last month as world loses confidence in the dollar. Treasury Secretary Geithner raises interest rates to keep from losing more investors but lies about the reason. He says it is because the economy is improving (!) SFGate 2009 June 15 (Cached)
Foreign demand for US financial assets falls

By MARTIN CRUTSINGER, AP Economics Writer
Monday, June 15, 2009

(06-15) 06:30 PDT WASHINGTON, (AP) --

Foreign demand for long-term U.S. financial assets fell in April as both China and Japan trimmed their holdings of Treasury securities.

The Treasury Department said Monday that net purchases of stocks, notes and bonds obtained by foreigners fell to $11.2 billion in April, from $55.4 billion in March.

China, the largest holder of U.S. Treasury securities, trimmed their holdings to $763.5 billion in April, from $767.9 billion in March. Japan, the second largest holder of Treasury securities, reduced their holdings to $685.9 billion, from $686.7 billion a month earlier.

Treasury Secretary Timothy Geithner traveled to Beijing earlier this month to assure the Chinese government that the Obama administration is determined to get control of an exploding U.S. budget deficit, which is projected to hit a record $1.84 trillion this year.

China's holdings of Treasury securities represent about 10 percent of America's publicly held debt.

The administration has said while its aggressive moves to fight the recession and a severe financial crisis will push up the budget deficit temporarily, it intends to reduce the deficit as soon as the economic situation permits.

With the government's borrowing needs soaring, there have been some concerns that foreign interest in holding U.S. debt might falter, causing interest rates to rise.

The administration contends that recent increases in the interest rates for U.S. Treasury securities were not a sign of investor unease but a reflection of improving economic conditions.

Article: http://www.sfgate.com/cgi-bin/articl...d=rss.business

Last edited by peaceandlove; 06-19-2009 at 12:33 AM.
peaceandlove is offline   Reply With Quote
Old 06-19-2009, 01:12 AM   #8
peaceandlove
Avalon Senior Member
 
Join Date: Sep 2008
Location: Turtle Island
Posts: 2,776
Default Re: Economists see end to US downturn

A Tale of Two Depressions

Catherine and News & Commentary, June 18, 2009 at 11:06 am
By Barry Eichengreen & Kevin H. O’Rourke
Voxeu.org

“This is an update of the authors’ 6 April 2009 column comparing today’s global crisis to the Great Depression. World industrial production, trade, and stock markets are diving faster now than during 1929-30. Fortunately, the policy response to date is much better. The update shows that trade and stock markets have shown some improvement without reversing the overall conclusion—today’s crisis is at least as bad as the Great Depression.”

FULL Article and Charts Here: http://www.voxeu.org/index.php?q=node/3421

Excerpt:

Conclusion

To summarise: the world is currently undergoing an economic shock every bit as big as the Great Depression shock of 1929-30. Looking just at the US leads one to overlook how alarming the current situation is even in comparison with 1929-30.
The good news, of course, is that the policy response is very different. The question now is whether that policy response will work. For the answer, stay tuned for our next column.
peaceandlove is offline   Reply With Quote
Old 06-19-2009, 01:14 AM   #9
sleepingnomore
Guest
 
Posts: n/a
Default Re: Economists see end to US downturn

Well since the "top banks" are controlling the economy I guess they can make it recover, but I'll believe it when I see it. When the government is laying off employees you know it's bad.
  Reply With Quote
Old 06-19-2009, 01:24 AM   #10
peaceandlove
Avalon Senior Member
 
Join Date: Sep 2008
Location: Turtle Island
Posts: 2,776
Default Re: Economists see end to US downturn

Quote:
SOURCE: G. Edward Griffin http://www.realityzone.com/currentperiod.html

22 banks are rated down by analysts at S&P. Near future for the banking industry appears bleak. Zero Hedge 2009 June 17 (Cached)

WEDNESDAY, JUNE 17, 2009

22 Banks Downgraded By S&P

Posted by Tyler Durden at 11:04 AM

S&P continues to restore some semblance of credibility (at the zero sum expense of its Warren Buffett controlled peer), after it downgraded 22 banks earlier today, some of which rather viciously, and all for good cause. This is how the McGraw Hill company justified its action today:
The actions reflect our belief that operating conditions for the industry will become less favorable than they were in the past, characterized by greater volatility in financial markets during credit cycles, and tighter regulatory supervision.

Our overall assessment of the U.S. banking industry incorporates the following key points: The industry is now in a transition and will likely undergo material structural changes; the loss content of loan portfolios should increase, but recent capital rebuilding should help banks defray these losses; stress tests point to more pain in the future; we don't view regional banks as being highly systemically important; and potential losses could increase beyond our current expectations.

As a result of the downgrades this week, as well as those since mid-2007, the counterparty ratings on U.S. banks (at the operating subsidiary level) have fallen by an average of two notches, to 'BBB+' today from 'A' before the crisis began in June 2007. However, said Mr. Quintanilla, "the high number of firms with negative outlooks suggests that the ratings could still decline if the credit cycle is longer and/or deeper."
The following is the list of banks that got the woodshed treatment.

Article continues: http://zerohedge.blogspot.com/2009/0...aded-by-s.html
peaceandlove is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 02:11 PM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Project Avalon