Wall Street firms see recession nearing

Source: Reuters

NEW YORK (Reuters) - The economy might be edging toward a recession in the wake of mortgage-related credit woes plaguing the financial markets, bankers and analysts said on Monday.

(snip)

Charles Peabody, partner at New York-based research firm Portales Partners LLC, said the Fed may have to take more aggressive action and drop the benchmark fed funds rate in an effort to prevent a Japanese-style economic stagnation, which eventually evolved into a deflationary recession.

"We're moving into a recession, and over time -- the length of which is difficult to predict -- there is going to be a lot more credit problems," he said.

Read more: http://news.yahoo.com/s/nm/20071106/bs_nm/finance_summit_economy_dc

"Please come to the lobby, so we can kick your ass."


I love all these terms they have: Japanese-style economic stagnation, deflationary recession, stagflation, depression. I think in English they all translate to: We got ours. Oh, and by the way, the middle and lower classes are screwed





My Favorite Master Artist: Karen Parker GhostWoman Studios

* Formerly known as citizens of the United States of America until the year 2000 when a cabal of corrupt Republicon Homelander fascist liars overthrew the legitimate government and stealthily instituted an Occult Plutocracy dedicated to destroying America's middle class, and enriching the already rich.

social security money. I mean, they gotta fleece somebody and this is just one of the last things that they haven't gotten their grubby, and it's not been for a lack of trying.

K&R
:kick:

:patriot:
How did he supposedly Fuck-up America single-handedly as a "do-nothing" impeached president?
Yup, you're 100% correct, everything is Clinton's fault.

edited for spelling.

I wonder if they are trying to out do the new fox business channel with good news, pump and dump stories?

the last cut sure helped. Every rate cut just increases the strength of inflation. I think inflation is the plan. Then we can pay off our bond debt to china nad japan with cheap, inflated dollars.

Inflation will hurt the average joe more than a recession in the long run. Recessions last on average 18 months, inflation lasts forever.

It's been here since 2001. :eyes:

Who'd a thunk it?:shrug:

those high 6 figure fuckers live in a fucking fantasy land. It's already here. And has been so for a long while.

Correction: We're currently in a recession.

We are headed towards a depression.

dow jones -> 13,595.34

The most pro-business, anti-regulatory administration in ages who handed you everything you wanted, looked the other way while your rapacious business practices greatly damaged the middle class, and cut your taxes to an unprecedented extent. And yet you fuckers were so greedy for more, you outstripped even the amazing productivity of the American worker in your drive to extract more wealth that you hadn't earned and didn't deserve.

Nice going, guys.

goose that lays the golden eggs. Just filthy disgusting elephant dung is what I call them. They are destroying our once wonderful country.Economic treason.