SPDR S&P 500 Message Board
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Art Laffer just siad - U.S. Economy on verge of economic catastrophe
just on FOX. wow. Labor participation rate near record lows at 63.6%. good job Obama. That sounds like collapse of the US and world economy it's imminent and going to happen. discussed the negative 0.1% versus estimates for 1.0% GDP in Q4. ECRI may be correct and the Recession has already begun.
Sentiment: Strong Sell
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Art Laffer is usually very postitive and upbeat. If he really said this, it's time to get ready for social chaos.
- 2 Replies to angrywhitemail
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Art said it today on Fox. How are those futures doing? the Naddy 100 are down 1/4% right now.
Sentiment: Strong Sell
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What!!????
When was the last time Laffer was positive? Please give us s reference, if you can find one.
I have seen nothing but negativity from Laffer since Obama beat McCain. Especially in the WSJ and on FOX.
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We are probably already in a recession, have been for months. Just wait until the next GDP report, if that's negative, it's a recession. The problem is, the street is so heavily invested here, that they tend to ignore anything that's bad, it's all "one off", and we're "looking ahead 6 months."
Look for heavy churn here, with the dip buyers trying to buy at support of 1500 and 14,000. The smart money should be selling to the dip buyers. -
Q1 is not expected to be much better, since lots of companies moved income into Q4 for tax reasons. Q2 already forecasted to be even worse. Certain recession.
Sentiment: Sell
- 1 Reply to mikeinwestsac
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Dividends were moved up; not earnings.
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Laffer is just another far right, trickle down economist, like Kudlow.
- 1 Reply to dunrunnin2
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Laffler is a Republican politician. He believes that if you cut taxes that raises revenue. A typical crackpot Republican idea.
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