Double Dip recession announced by Obama

[Questor]

But he doesn't take any responsibility for it.

I don't see how it can be called double dip. We never got out of the first one. This is one big honkin' recession lengthened by government meddling with the economy.

[Redtail1949]

what he saying and what most of those involved with big money are saying is the market is going to take another dive here soon and we all better hope it holds around the levels it fell to before....plenty of hard times ahead and obama is taking actions that will make it longer and much worse.

[Heavy C]

You've pretty much nailed it.  If you look at the 1930's it happened back then because of everything the government did.  I have been preparing my customers for that eventuallity.  Fortunately, most are relatively young and they can ride these things out.  The reason people don't feel like things have improved is because it has been a jobless recovery.  Most of the market activity is being driven by the almost $9 trillion that has been on the sidelines since everything took a dive over 2008.  The frustrating thing is these idiots in Washington had, for the most part, the road map on what NOT to do to avoid a double dip.

Those who are not students of history are bound to repeat it.

[teamnelson]

He said. "I think it is important, though, to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession."

Fox commented like this: "The warning was a rare admission from the president that the economy is still at risk of turning back -- consumer confidence fell unexpectedly in September and unemployment is at 10.2 percent. Such a recession repeat, following a relatively brief recovery period, could be politically devastating for Obama, let alone economically devastating for the country."

Well we shouldn't worry; he's one of the best confidence men the world has ever seen.

[The Hermit]

What, me worry? (Alfred E. Newman). This recession is going to be a little different than 1929-1934. The value of the dollar is dropping rapidly, so to break even, you need lots more of them. The Chinese realize this and are concerned about our debt because they hold massive amounts of US treasuries. The market has returned more dollars back to savvy investors this year than in a long time. Gold tripled.
If you invest, set tight stop loss orders. If there is a major sell off in the market, all bets are off. It means we lost. We are standing at the edge looking down and the Indians are comming.
Bernake actually looked scarred at the last hearing before Congress. Tend to your affairs.

  The Hermit

[Redtail1949]

hermit you are an observant man...take heed all who hear him