Economists sound recession warning

[Trembling Hand]

It's a done deal in my opinion. Is there anyone you've met recently who thinks the economy is getting better?

Yeah, people that are hanging onto things like FMG, OZL, ANZ from $30 etc.

but then again denial is one of the first emotions when grieving!!

 

[joeyr46]

I would argue that the general populous are idiots when it comes to financial matters...

I would also argue so are the "experts" and the're even proving it with their actions . Giving money away so we can spend it how long is that going to last

 

[prawn_86]

I would also argue so are the "experts" and the're even proving it with their actions . Giving money away so we can spend it how long is that going to last

Yep i would agree with that.

There is a certain demographic (ASF users ) who are obviously financially superior and will soon rule the world

 

[MS+Tradesim]

There is a certain demographic (ASF users ) who are obviously financially superior and will soon rule the world

Shhh! It's too soon to blow our cover. :nunchux:

 

[GumbyLearner]

No need for warning its already here!

http://www.pacificshipper.com/news/article.asp?sid=32998&ltype=feature

:santa:

 

[Julia]

Professor Ian Harper, remember him ?- The Christian bloke in charge of the Fair Pay Commission, who was also involved in the Wallis Report which apparently recommended changes (read deregulation) to the financial system - was this evening interviewed on ABC Radio's "PM".

In answer to questioning, he admitted that, umm, no, his vision for a successful financial overhaul really hadn't, umm, in practice been 100% successful. (Prof Harper is clearly a master of the understatement.)

He seemed to think, however, that he might know where the theory had, umm, gone wrong and caused markets to "behave irrationally".

Because of his now apparent great insight the implication was that he should be the bloke to re-evaluate the current situation and make recommendations as to what changes should be made for the future.

Does anyone else have less than full confidence in Professor Harper's capacity to get it right the next time?

 

[Happy]

Perhaps they do know it though - and are just refusing to say as to not instill more fear. Bush didn't admit to a recession after all

In one of ABC messages I saw statement that Kev asked everybody under his wing to talk up the economy, same as they were told to talk it down immediately after receiving mandate to govern.

Some reckon that if you say something often enough you start to believe it and act as if

 

[gfresh]

Good article comparing another rich resource nation, Canada, to Australia..

http://www.businessspectator.com.au...Canada-$pd20081210-M6R4J?OpenDocument&src=sph

Odds for recession here are 90%... 40%, pft

 

[noirua]

Euro Low, Recession Fears, Citi Warns on Oil - What's Moving Markets By Investing.com

Euro Low, Recession Fears, Citi Warns on Oil - What's Moving Markets

www.investing.com

AUD falls away, gold price drops, gold shares plunge again and silver shares trashed. FTSE 100 and DOW 40 fall heavily.

 

[Garpal Gumnut]

Euro Low, Recession Fears, Citi Warns on Oil - What's Moving Markets By Investing.com

Euro Low, Recession Fears, Citi Warns on Oil - What's Moving Markets

www.investing.com

AUD falls away, gold price drops, gold shares plunge again and silver shares trashed. FTSE 100 and DOW 40 fall heavily.

Such is Life : Edward "Ned" Kelly.

gg

 

[Dona Ferentes]

Such is Life : Edward "Ned" Kelly.

(Some) Economists sound recession warning​

we're in another bifurcation/ denial time, and have been for a while.

Data driven policy responses have us where? This is an interesting chart from the US, if history repeats.