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On Jul 17, 5:24*am, "Chimpy's Banana" wrote:
"?baMa? Tse Dung" wrote in ... Last week (7/08) in This Is No Accident, Comrades, http://www.tothepointnews.com/content/view/4143/2/ we discussed this possibility: "Our country is faced with an impending economic catastrophe, a Second Great Depression. Wrong. *Obama fixed Bush's Depression. *Now go buy some more Bush dope. LOL - What are YOU smoking? "With the US trapped in depression, this really is starting to feel like 1932 The US workforce shrank by 652,000 in June, one of the sharpest contractions ever. The rate of hourly earnings fell 0.1pc. Wages are flirting with deflation." http://www.telegraph.co.uk/finance/c...like-1932.html "Rarely before have a few coded words in the minutes of the US Federal Reserve caused such an upheaval in the global currency system, or such a sudden flight from the dollar." "a deep change is under way in investor psychology as funds and central banks respond to the blizzard of shocking US data and again focus on the fragility of an economy where public debt is surging towards 100pc of GDP, not helped by the malaise enveloping the Obama White House." 'The Fed minutes warned of "significant downside risks" and a possible slide into deflation' http://www.telegraph.co.uk/finance/c...-tumbling.html |
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