USA 2008: The Great Depression Food stamps are the symbol of poverty in the US. In the era of the credit crunch, a record 28 million Americans are now relying on them to survive â a sure sign the world's richest country faces economic crisis http://www.independent.co.uk/news/world/americas/usa-2008-the-great-depression-803095.html
Thats no differentthan if there is a drought and a weather man says its going to rain day after day. Weeks go by with no rain and finally one day it rains and the weather man says "see I told you it would rain"
Considering Hedgefundtrader2 signed up (as Day7793 btw) in mid July 2007 and has seen the markets go down and down ever since, he needs an up day for mental sanity. Everyday he called for a bull market and months and months went by where he lost money. You'd be angry too if you were wrong as much as he has been. If we do get a rally from these levels it will be much needed for this country's stability but the long term issues still loom. I certainly wouldnt be doing back flips and buying bottles of Dom just yet
What long term issues? Is there a recession in this country? Prove it! I dont deal with imaginary recessions!
You analogy of a weatherman is soaked in the deep end of the swimming pool. I predict nothing. I am not a fortune teller and a member of doom and gloom club. I dont indulge in national pastime of pessimism. You see all this negative sentiment + a big short interest is fueling a huge rally..
To find information about the recession in the U.S. Economy Open a news paper and read. The U.S Economy is in recession.