General Discussion Undecided where to post - do it here. |
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The entire economy is waiting for either bailouts or rationalizations. It is causing a lot of hesitation. Also (my opinion), the natural result of mass intervention, mass transfers of taxpayer wealth the Goldman Sachs, CDO counterparties, etc. has caused a (rational) expectation of a large recession, which is making almost every company do major things to draw in their heads, stop growth, etc.
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Originally posted by Elok
Hmm. I know nothing about economics, so here's a stupid suggestion. I gather from the little economic news I pay attention to that recessions follow this sequence: 1. News outlets spot some financial turmoil, speculate on possibility of recession 2. Everybody worries about losing out in said recessions and starts cutting back 3. Cutbacks exacerbate existing problems, deepening turmoil 4. News outlets report deepening turmoil 5. Repeat 1-4 until public is so sick of it that news about the troubles doesn't sell and they start reporting about dreck like people teaching squirrels to juggle 6. Slow, painful recovery In other words..."The only thing we have to fear...is Fear itself". |
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Originally posted by TCO
The entire economy is waiting for either bailouts or rationalizations. It is causing a lot of hesitation. Also (my opinion), the natural result of mass intervention, mass transfers of taxpayer wealth the Goldman Sachs, CDO counterparties, etc. has caused a (rational) expectation of a large recession, which is making almost every company do major things to draw in their heads, stop growth, etc. Looks like we'll have at least 3 more months of hesitation as other bailout-seekers see what the terms would be for their bailouts from the new administration. |
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Originally posted by Oerdin
![]() Suck it Republicans. ![]() ![]() |
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It would surprise me less if the Republicans did ('big business' party as they're supposed to be) ... but the 'party of the people' seems to want to ensure that the people get further screwed over by big business. The stereotypical conception of the two parties' identities are out of date. The Democrats are now the party of rich whites and minorities. The Republicans are the party of working-class whites.
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