Is this as good as it gets? Two economists contend that because of U.S. demographics and the...

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bbro Comments (7841)
 
With postponable purchases near a 65 year low...there is more room to run...
23 Mar 2012, 09:43 AM Reply Like

Tony Petroski Comments (6373)
 
"Is the best of the free life behind us now?
And are the good times really over for good?

An are we rollin' down hill
Like a snowball headed for hell?
With no kind of chance for the flag
Or the Liberty Bell..."
--Merle Haggard (written on the tail end of Malaise I)

I have hope for change come November. Malaise II will end. History will not.
23 Mar 2012, 09:46 AM Reply Like

Street_fighter Comments (15)
 
Why do we even bother listening to economists anymore? Phrenology and astrology have a more successful predictive track record.
Just a somewhat cynical thought.
23 Mar 2012, 09:49 AM Reply Like

HoeTamer Comments (187)
 
I'm with you Tony. The country has lost faith in Obama and Bernanke's ability to spur economic growth. Low interest rates are killing retired investors and not helping the credit or housing markets. The high energy prices have killed any thought of "Recovery Summer" and companies won't hire until the The Affordable Care Act is decided. Companies have parked over 1.4 trillion dollars overseas, wouldn't that be nice to get back into the American economy. The biggest shock is going to happen when the new administration takes over and tells the American public the real unemployment rate. Like bbro said, there is more room to run. It just won't start until next year.
23 Mar 2012, 09:59 AM Reply Like

catamount Comments (374)
 
>when the new administration takes over

You people are truly delusional.
23 Mar 2012, 10:03 AM Reply Like

Tack Comments (9246)
 
Almost every generation that's existed has proclaimed the "end of good times," as if they were the ultimate last beneficiaries of prosperity and lucky to have gotten in under the wire.

It's all nonsense, of course.
23 Mar 2012, 10:11 AM Reply Like

davidingeorgia Comments (2688)
 
These two economists might turn out to be right (though not of their own doing). IF the government (especially the sucking black hole that is the federal government) doesn't get spending under control, yeah, then the good times are over, no matter what party wins the elections this fall. Even if our demographics were a lot better than they are, there wouldn't be the money to pay for all the crap (or even the few useful things it does, at current levels) the government is spending money on these days.
23 Mar 2012, 10:18 AM Reply Like

davidbdc Comments (2990)
 
The good times are over unless your associated with the government. When we fix that, we'll have freedom, liberty, and opportunity for all!
23 Mar 2012, 11:03 AM Reply Like

Econdoc Comments (2944)
 
I love it I really do...this is gold...pure gold...

By all means believe it and act accordingly...yes...ye... future is bleak and getting bleaker

...none of these clowns saw the 2001 or 2008 recession but no doubt they have absolute clarity now and you can count on them to get it right this time

E
23 Mar 2012, 03:05 PM Reply Like