"A Truly Extraordinary Slump": Reports of Robust Recovery Premature, James Galbraith Says

There is no recovery for the real people, recovery just for the scum bags on wall street and the banks. I say clean them out from NYC to DC and even where the scum Of N. Carolina where BAC is.

YOU MEAN SOMEONE REALLY TELLS THE TRUTH? MY GOODNESS , DON,T TELL NOBAMA , BERNANKE, OR TIMMY. THEY SAY IT IS GOOD,GOOD, GOOD.

MAYBE NOW THAT SANTA CLAUS HAS LOST HIS JOB OBAMA MIGHT ADDRESS THIS PROBLEM!!!!!!!!!!!! JOBS JOBS JOBS

MAYBE NOW THAT SANTA CLAUS HAS LOST HIS JOB OBAMA MIGHT ADDRESS THIS PROBLEM!!!!!!!!!!!! JOBS JOBS JOBS

Terry - Election Question. ///////////////////////////////////////////////////////////////////////////////////////////////////////////- - - - Did you throw a PARTY yesterday to celebrate Senator Robert Byrd's (West Virginia) 56 years in Congress?

Who does Galbraith think is going to pay for that additional aid to "new retirees"? The youth will rebel by not buying the overpriced assets of the Boomer generation. Deflation continues.

How did these idiots ever get to be on this program, I am appalled at their ineptness and stupidity. They were told that the conditions of the analysts were incurable, and still ask stupid questions (Duh) !! instead of addressing the subject with intellegence, I guess they think the word incurable does not apply to them and their Media buddies.

Now that wall street has driven most of the jobs overseas by forcing CEOs for more margin - It is now time to lay-off the wall street folks and tell them that they will be better off and are now free to persue other "oppertunities"... :)

they make it sound like you can only be an optimist or a pessimist. We are investors and need the real scoop to make decisions. the problem is that everyone messes with the reported numbers to fit their view.

OK.

Come on, this is a free money carry trade and exactly the same as what killed Iceland in 2008. How are they doing today, 11-12% interest rates. It's your future people. Don't bet on housing and banks.

Anybody who can see the economic data knows how bad it is going to get. ....................................................................................... As I point out to everybody who will listen, in a Service Sector Economy, increasing unemployment is a LEADING INDICATOR. ..................................................................................... The data says DEPRESSION.

It was/is a V shaped recovery...but only on Wall St. which produces zero. These people in Congress need to be replaced and we the voters need to impose the term limits that they will not impose on themselves. No Senator should be in office more than 2 terms (12 years) and no Congressmen/women should be in office more than 3 terms (6 years) otherwise they do too much harm to us all. VOTE OUT the INCUMBENTS in 2010.

******************totally unrelated to the topic******************** http://action.firedoglake.com/page/s/fedrejectwatt?source=fdlemail111909 Oppose the Watt Amendment! It reduces the ability the Grayson-Paul measure would grant to audit the FED. We need transparency as to what a private entity is doing to our monetary policy.

Are you guys nuts? Deflationary crash? Please. The Govt. is printing money at an incredible rate. The Money Supply is an open fire hydrant, spewing cash at no interest. Sorry to talk reality, but the Govt. intends to inflate its way out of debt. If a Trillion tomorrow has the buying power of 100 Billion today, the debt effectively goes away... They can't pay off the debt, so they'll just turn it into meaningless paper. Why do you think China (a major debtholder) is spanking Obama for his monetary policy? They see our paper becoming nothing but paper....

TumblingDice5 - Thursday November 19, 2009 02:15PM EST Terry - Election Question. ///////////////////////////////////////////////////////////////////////////////////////////////////////////- - - - Did you throw a PARTY yesterday to celebrate Senator Robert Byrd's (West Virginia) 56 years in Congress? //////////////////////////////////////////////////////////////////////////////////////////////////////////////// Wow! How many financial crisis did this Byrd cause?

Wall Street bulls and main street bears cannot coexist peacefully. I think there's trouble in the air.

University of Texas professor James Galbraith has it exactly right !!!!!! nice to hear someone talk truth.

I read a lot of these articles. What I have noticed is that as soon as themarket has a down day, all of these BEARS come out of their cave and declare doom and gloom. I have also notice that when the market is up no one says anything and the BEARS shut their trap until another down day happens. Hey DUMMIES ! By the looks of the market we have had more up then down days. So have your fun today. Tommorow will prove you haven't a crystal ball and your under educated guesses are just that !

TumblingDice5 - Thursday November 19, 2009 02:15PM EST Terry - Election Question. ///////////////////////////////////////////////////////////////////////////////////////////////////////////- - - - Did you throw a PARTY yesterday to celebrate Senator Robert Byrd's (West Virginia) 56 years in Congress? //////////////////////////////////////////////////////////////////////////////////////////////////////////////// at a certain age I guess these old Byrd' Opp! meant birds are so senile they stop causing the problem but just sign unread bills that perpetuate the Congressional scan programs. /////////////////////////////////////////////////////////////////////////////////////////////Wow! How many financial crisis did this Byrd cause?