Itsonlymoney

Seven Uncomfortable Predictions for the Economy

As a measurement of negative sentiment this article seems to have revealed some. The contrarians among us will no doubt point to these expressions (guns and ammo) as indicating a bottom in near. I would not count this as evidence of a bottom mainly because "going for my gun" is not an economic response, but rather an expression of the pure raw hair-trigger fear that arises in any crisis, not just economic ones. Certainly owning ammo is not a rational response to a decline in commercial real estate values.

If some predict that crime is on the rise due to this economic malaise then they are revealing just how stalwart the urban poor really are considering they have been suffering through their own economic depression for years. So now a little economic hardship is predicted to send the law abiding middle class into the streets for their supper. Just how thin is the social fabric that separates the criminal from the "law abiding citizen"?

"When times get tough, the tough go shopping." That's what we are being urged to do. And short term this may be the answer since it will enable us to live business as usual without actually questioning the notion that economic growth for its own sake is good. Good for whom?

Wall Street Breakfast: Must-Know News

Congratulation on a discussion that goes nowhere. Jersey, it will do us all a favor if you can back up your statements with some links to this "Reasonable Profits Board" for example. This is the first I've heard about it. I can name a number of companies that I have been expecting reasonable profits from for years and have only been disappointed.