Is The Economy Recovery Just An Illusion?

[MizMotown]

NASHVILLE, Tenn. [[MarketWatch) -- Economists and financial analysts are currently arguing whether the economy will experience a "double dip," a recession followed by a short recovery, followed by another recession.
Some think the worst is behind us, and that output and employment will slowly but steadily increase during the next few years. Others believe we are headed for another crash. The lessons from the last business cycle favor the case for pessimism.

Is the U.S. heading for a double dip?

There are troubling signs about the U.S. economy, but it's not in double-dip territory and shouldn't be for at least the next few months.

It has been said that if one laid all the world's economists end to end, they wouldn't reach a conclusion. Even so, a surprisingly large number of economists now agree that then-Federal Reserve Chairman Alan Greenspan made a tragic mistake. After the dot-com bubble burst in 2000, Greenspan opened the monetary floodgates.

http://www.marketwatch.com/story/dou...ain-2010-07-20

[MizMotown]

lol
1. Get rid of your debt and downsize
2. Spend your money on essential things
3. Grow your own food
4. Bond and unite with your neighbors – Cannibalism alert during food shortage
Be also forewarned that because of food shortage and starvation, cases of cannibalism will also emerge. History teaches us that great famine and starvation has triggered people to feed on each other.
.......
7 Steps To Survive the Coming Economic Collapse – From Water Shortage to Cannibalism

http://www.myloansconsolidated.com/2...o-cannibalism/

[Searay215]

Based on my trying to get a room at a resort in Mexico or any island in the Caribbean.....I would say its over. Can't get a weeks vacation vacancy anywhere.....Somebody is going and filling up those resorts.

[lilpup]

Based on my trying to get a room at a resort in Mexico or any island in the Caribbean.....I would say its over. Can't get a weeks vacation vacancy anywhere.....Somebody is going and filling up those resorts.

yeah, all the people who used to go to more expensive places or had to jettison their second homes

Japan's had something like 11 consecutive months of deflation but I've yet to see that here. Prices just don't seem to be correcting themselves like they should. The corporations aren't passing on all the savings they achieved through their massive personnel downsizings and other cuts [[thus the disappearance of the middle class).

[lilpup]

Interesting -

Credit card fees and rewards programs exacerbate income inequality by acting as a transfer of wealth from poor to rich, according to a Federal Reserve Bank of Boston study released Monday.
.
.
Merchants usually don't charge different prices for card users to recover the costs of fees and rewards, but instead, mark up the prices for all consumers.
As a result, people who pay cash -- and who are more likely to be lower income -- end up subsidizing those who pay by credit card.

http://news.yahoo.com/s/nm/us_usa_fed_wealthtransfer

[oladub]

Based on my trying to get a room at a resort in Mexico or any island in the Caribbean.....I would say its over. Can't get a weeks vacation vacancy anywhere.....Somebody is going and filling up those resorts.

Google 'discount cruises'. The tour ships have been having a tough time of it and some are offering up to 70% discounts if that is an acceptable option.

[1KielsonDrive]

To me it is!

[Searay215]

Google 'discount cruises'. The tour ships have been having a tough time of it and some are offering up to 70% discounts if that is an acceptable option.

What they say and what is real May be a different thing.... I recently tried to get a deal on a cruise and every where I tried, they were not offering the discounts that they claim they have....there were always some kind of a gimick.
Personally I don't think its over....but in some area's you would know that.

[Bobl]

Personally, things appear to be improving. After two and a half years of unemployment and underemployment, got a job last week. More hits on the resume the past month than ever.
Cautiously optimistic.

[gazhekwe]

Congratulations, Bobl!