« Shovel Ready, Part II: Obama Tells Ohio and Kentucky He's Got a Bridge To Sell Them | Main | The Federal Debt Mess - Tea Party Perspective. [ArthurK] »
September 22, 2011

Everything Must Go: Global Meltdown As Investors Prepare For Worldwide Recession

The DOW is down 400+. And it seems to me that these sectors...

The worst performing stock market sectors mirrored the sell-off in global commodities markets, with materials down 4.6 percent and energy stocks down 4.1 percent.

...tend to most predictive of near-future economic activity.

...

The selling in risk assets picked up momentum after the Fed's statement Wednesday, in which it characterized risks to the economy as "significant" and noted that "strains in global financial markets" (or Europe) could be a catalyst. Then overnight, a preliminary China manufacturing data showed moderating growth.

Obama benefactor George Soros says we're already in a double-dip.

Not only that, he's pretty sure it's Obama's fault.

Kidding. Of course it's the Republicans' fault.

Asked by CNBC if he believed the US risks falling into a double-dip recession , Soror said: "I think we are in it already."

"We have a slowdown and basically a conflict about whether the rich ought to pay taxes to create jobs or not and there was a deal in the making which would have balanced the budget over the long term, but would have allowed short-term fiscal stimulus, which would have been the right policy," Soros said in an interview late Wednesday.

"That was rejected, it fell apart… so it will come to the electorate next year to decide what they want," he added.

Because of course the last stimulus worked so beautifully.

Thanks to RDBrewer.

Is it time to panic?

Or... did many miss their chance?


digg this
posted by Ace at 03:04 PM

| Access Comments




Recent Comments
AnonyBotymousDrivel: "[i]Fake senator kristen gillibrand: "People who li ..."

Lancelot Link Secret Agent : "Disco went with polyester, correct??? Posted by: ..."

Duncanthrax: "[/i] Saving Private t-bird ..."

Grump928(C): "[i]Actual testosterone bearing men, who did not ap ..."

Anonosaurus Wrecks, Tyrannosaur Wrangler: "Snochia's photo. https://dailym.ai/2QNaPF5 T ..."

kraken: "535 Video killed the Radio Star. Posted by: Sc ..."

BackwardsBoy (Dixie Dregs of Society)[/i][/s][/b]: " [I]I wonder if she's related to Infiniti For ..."

Burnt Toast: "411 FOX news headline says 'prospects looking good ..."

publius, Rascally Rapscallion of a Poperin Pear: " The Leisure Suit era corresponded with the Disco ..."

Comanche Voter : "Governor Moonbeam himself deserves one of old Jack ..."

Curmudgeon: "[i]Halford did, indeed, rock. A lot. But it ma ..."

t-bird: "[i]Actually, it started in France with the discoth ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64