East Coast Economic Update for August 28, 2009
July 23rd, 2010 | 
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The “Great Recession” is the name that has stuck for the economic decline that began in late 2007. But there’s some reason to think that using the word recession is being kind. The “Great Recession” is the name that has stuck for the economic decline that began in late 2007. But there’s some reason to think that using the word recession is being kind. The US gross domestic product has shrunk 3.9 percent in the past year, the worst drop since the Great Depression. Plenty of observers are willing to say that this recession is much deeper than anything we’ve seen since the 1930s–including the big dip in the early 1980s, generally accepted as the other candidate for the worst recession since the Great Depression. “I think it’s way worse today,” says Ridgely Evers of Tapit Partners, a longtime entrepreneur and venture capitalist who founded the software company Netbooks (now known as WorkingPoint). In the recession of 1981 and 1982, “people recognized it as a dip. [Today,] nobody thinks we are going to come back out in relatively short order.” This recession seems to have dragged on longer. According to the National Bureau of Economic Research (NBER), the US economy was in recession from July 1981 to November 1982–16 months. But the current recession started in December 2007, says the NBER, so it’s already longer than the last big one. [See Why the Housing Rebound Could Take 20 Years.] The NBER defines a “recession” based on the all-encompassing gross domestic product figure …
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Hey it is now November 2009 and housing starts are jumping in New Jersey Toll Brothers is looking for farm land for more McMansions. Wall Street is close to breaking records heading toward 11,000 DOW. We are rolling in upward trend movement. If it falters lower the prime to below 0 as a way to give more stimulus money to Big Banks. Remeber we are a credit economy we are no longer based on real capital we are based on credit the more of us in debt the more we grow. This is what we are, sorry.
Its gonna be tough but I say screw alot of these people…if they are hungry come this time then they deserve to starve in the damn streets..Im not abdicating violence but I will damn sure not feed the idiots that voted the wrong ways and showed complete disreguard for others for the mere purpose of vanity and pride!! LET THEM STARVE and if they come to my door..dont even think about coming in for I did prepare fully..
I agree with you…..I think the S&%$t is going to hit the fan real soon!
I wouldn’t believe anything that wall street puts out. They lie like HELL!
I am hoping that America will wake up but more and more each day things get worse and look the other way. The time will come hopefully october hes right and people stand up. We are the majority, It is time for change, but for the better not for the worse.
No, no – the psychological type. The comment about Divine Revelation above is more about the persons emotional state and group think than any basis of reality. Quite the opposite from reasoning IMHO
This video is good. Kittenkattan is close to the events that will eventually unfold and is discrete in passing the information to viewers. We won’t get sick from H1N1, we will get sick listening to so many MSM lies, they’re endless.
“It’s not going to be long.” We will probably hear people scream halfway across the globe. Unemployment alone will account for most of the hardship on the streets, people do not have room or patience for those who are jobless, as they are threatened with losses themselves. Gov’t has limits, this point is ignored and benefits will dwindle.
“I think you are projecting” projecting for forecasting by means of deductive reasoning?
In case you did not catch this, you may want to google this headline:
“On Facebook, MySpace? Obama’s got your e-mail ”
It appears they are looking to contract an outside source to datamine our postings.
This is not expected by many of this.
Reported Chinese actions to unilaterally cancel OTC derivative loss debts held by state corporations whereby they purchased hedge contracts written by major American OTC derivative manufacturers and distributors is legally a unilateral novation. A novation declares an item to be invalid. Invalid means not valid. A contract which is not valid infers a form of a fraudulent contract. The banks that sold the Chinese these piles of junk were GS, Wells Fargo, Citi, JPMorgan
bad badgers
no parsnips
I do find the report (I bought) interesting, but some of the claims are so far out there – like the space ones – its hard to believe. Also, I could pick any date range right now and say something negative will happen, etc. and fit them into the events that actually occur. In other words, I feel the predictions while date specific are to often to general and the very specific ones I haven’t seen happen.
By 10/25(his date) a lot of his predictions will easily be proven/unproven – then what?
believe I saw it on bloomberg
Does anyone have a link to foreclosure stats thanks?
I think you are projecting
have you got a link thanks ?
It could be any one of a number of things.
My general thought is there will be 2 or 3 things which may occur almost concurrently. I am pretty sure Obama will ambush Isreale at the G20 summit 9/24 &25. I beleive this will be the convent, spoken about in the Bible. I also beleive that this whole H1N1, is a false flag for something else.Everybody should keep their eyes on old VeriChip.they are so in bed with the implant and our gov, people would vomit if they realized what they are about to to.
Which potential contagion do you think will set it off? FDIC?
Interesting.
Waht about this NEW Cash 4 Clunkers for Home Appliances now ?
Now that what filled that housing buble is actually lossing value. What is to be expected for all the materials+workers that supplied that Housing Buble ? That surpluss is going to be supper cheap. Great Video hehe. Your a very smart man.
I listen to videos and read articles about the economy and it all sounds like it is about to happen but with a twist of things, reality always reads like an entertaining novel in America, this very day. Even visionary members on YT get sucked up by the contemptuous atmosphere we live in. Disdain has taken over the minds of the many who lead society, maybe into ruins I’m afraid.
KK mentioned getting information from sources overseas. I strongly urge everyone to get a shortwave radio. If the grid goes down or there is no telecom available shortwave will still be on the air. I can get Radio Australia here on the Pacific coast in the morning on 9580, 9590 and 5995 kHz with world news on the top of the hour.
Imagine what would happen, if masses of people at town halls in states with open carry laws, began showing up peaceably at town halls, with their arms????
Imagine what would happen if 100s should up armed in open carry states? or if they as a habit began walking around armed…. *please note, if you are not in an open carry state, do not take my advice… if you are, take my advice only so far as the laws of your state allow*
Here ya go:
/watch?v=UKY9mWpXvQ&feature=related
If the link doesn’t work, it’s MySpaceSecrets video from May 12, 09
We are in this together.
If you must resist, then do so in a non-violent way. March in the streets and stop the traffic, and don’t react violently against police. If enough mass-disruption takes place then it can foment a way for revolution.
A revolution is near.
G20 summit is 9/24/25.
The convenent of peace, which will be quickly broken. Isreal is going to be ambushed on this. The month of Sept is going to be incredible.
Do what you need to do to prepare yourself.