kavaliro (![[info]](http://l-stat.livejournal.com/img/userinfo.gif){kind=small} kavaliro) wrote,@ 2007-04-11 16:55:00 |
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Poll: 60% of Americans await recession
"Most say a recession in the next year is somewhat or very likely; more than a third view their own finances as 'shaky,' newspaper reports. The poll of 1,373 adults conducted for the Los Angeles Times and financial news wire Bloomberg found that 60 percent of those surveyed said recession was somewhat or very likely within the next year..."
Await? That implies that it hasn't already started. Recession? Boy, is THAT optimistic.
I can name several telltales that have already flat-lined. The entire mortgage and realty industries have totally tanked. The transportation industry has been on the verge of collapse since the last time gas prices soared out of control, and with the predictions laid out for this summer's gas prices, it's pretty much guaranteed the transportation industry will tank, even if the federal government steps in and tries to help. Once that happens, it's over. As in, "Game over, man! Game OVER!" And that's not even considering the disappearance of the bees which will k-line the food industry, or the drought that's been forcast,
If you're not filling your pantry with staples like rice and beans (and clean drinking water!) now, you'll be hungry or dead by summer's end. I sure hope that statement turns out to be a load of crap, but I don't see ANY signs that make me think otherwise.
read more | digg story
"Most say a recession in the next year is somewhat or very likely; more than a third view their own finances as 'shaky,' newspaper reports. The poll of 1,373 adults conducted for the Los Angeles Times and financial news wire Bloomberg found that 60 percent of those surveyed said recession was somewhat or very likely within the next year..."
Await? That implies that it hasn't already started. Recession? Boy, is THAT optimistic.
I can name several telltales that have already flat-lined. The entire mortgage and realty industries have totally tanked. The transportation industry has been on the verge of collapse since the last time gas prices soared out of control, and with the predictions laid out for this summer's gas prices, it's pretty much guaranteed the transportation industry will tank, even if the federal government steps in and tries to help. Once that happens, it's over. As in, "Game over, man! Game OVER!" And that's not even considering the disappearance of the bees which will k-line the food industry, or the drought that's been forcast,
If you're not filling your pantry with staples like rice and beans (and clean drinking water!) now, you'll be hungry or dead by summer's end. I sure hope that statement turns out to be a load of crap, but I don't see ANY signs that make me think otherwise.
read more | digg story
