This is fear mongering. There is little evidence of anything more than a mid-cycle slowdown. These people who try and use their platforms to call for recession are full of XXXX. When their is a meltdown in China in a couple of years, there may be a depression, but this is not a recession. Where are the massive layoffs? Where are the negative earnings reports? Where are the bloated balance sheets?
1) Fear mongering is the number one growth industry in america today.
2) payrolls declining, predictions of slow growth, record high budget deficits, record high energy prices, coupled record low currency valuations are certainly all indications of a robust economy.
3) Cows have wings, and often are seen sharing parts of the sky with eagles.
4) Were just awesomely great and everyone loves our greatness.
Which statement is true?
1 & 2 both are true in many cases.
1 -> Bush and his political strategies, home security systems, prime time news shows -- especially FOX, and news in general
2 -> There is some merit to what you are saying here.
However, to even not acknowledge that #1 is a reality is amazing. Wake up and look around you -- GS has been doing this for years. I wonder how many bargains that they have scooped up in the last few days due to their "news".
RVBD has hit a new low and in the very least we will see an uptick of $2 - $3 pps next week. After that who knows, but by examining the chart over the last three months since the last earnings report one can safely predict an upturn next week.
You know, Leroy, your record shows you propositioning men on the finance message board for years. Sad situation when a gay man can't find a cock to suck. Sadder still when he shows his ineptitude time and time again on a finance message board. Keep your focus on losing money. Nobody cares about your uncontrollable urges and nobody is interested in your uninformed comments.
So Grenspan and Bernanke have it wrong. We should put monkeynoclimb in charge of the fiscal policy. This is the start of the recession and we are going down. We are lucky if we have seen half the losses of what we will see.
Like I said, Riverbed go go go yada yada yada ... Great company ... best of blah.
One of the financial portals declared today that "cash is the place to be right now." Only fools buy growth stocks during the first phase of recession (see below).
Sell now and buy when its upward momentum is in $10-12 range.
Goldman Sachs sees recession in 2008
Wednesday January 9, 8:33 am ET
NEW YORK (Reuters) - Goldman Sachs on Wednesday said it expects the U.S. economy to drop into recession this year, prompting the Federal Reserve to slash benchmark lending rates to 2.5 percent by the third quarter.
In a note to clients, Goldman said real gross domestic product would contract by 1 percent on an annualized basis in both the second and third quarters. For all of 2008, the investment bank said GDP would rise by 0.8 percent.
The unemployment rate will rise to 6.5 percent in 2009 from the current 5 percent, it said.
The weakening economy will force the Fed to lower policy rates by an additional 1.75 percentage points from the current 4.25 percent. Starting in September, the Fed cut rates at the last three meetings of the Federal Open Market Committee, reducing the target rate on loans between banks by 1 percentage point from 5.25 percent.
Goldman strongly advises fund managers to overweight health care, consumer staples, energy and utilities. They are significantly underweight consumer discretionary, financials, industrials, materials and information technology.
The three most significant changes to their sector recommendations are the reduction in the financial sector weighting by 300 basis points to 14 percent, the information technology weighting by 400 basis points to 15 percent, and the increase in their health care weighting by 300 basis points to 17 percent, the firm said.
Their reduced allocation to financials reflects weak fundamentals and their declining weight in the S&P 500. The reduction in information technology reflects that the group has been the second-worst performing sector in both the six months leading up to a recession and during the first phase of a recession, Goldman said.
The health care weighting change reflects strong performance of the group during the six months leading up to and during the first phase of a recession in addition to an attractive valuation, Goldman said.
On Monday, Merrill Lynch economist David Rosenberg said the jump in U.S. unemployment in December confirmed that the economy was entering a recession.
(Reporting by Daniel Burns and Nick Olivari; Editing by Tom Hals)