411man
September 30, 2010, 10:17
Recession Not Over, Double-Dip or Worse Coming
http://usawatchdog.com/recession-not-over-double-dip-or-worse-coming/
" According to Williams, all the recent data on things such as housing starts, new home sales and orders for durable goods are “suggestive of a quarterly contraction for the current quarter (third-quarter 2010.) Williams goes on to say, “. . . today’s ongoing “recovery” is not evident in most economic data, and, like the mid-Great Depression recovery, most people will not recognize the “good times.” Main Street U.S.A. usually has a pretty good sense of what is happening in the real world, and the pain of today’s pocketbook issues still will be felt heavily at the polls, irrespective of any happy announcements or heavy political hype to the contrary.”
http://usawatchdog.com/recession-not-over-double-dip-or-worse-coming/
" According to Williams, all the recent data on things such as housing starts, new home sales and orders for durable goods are “suggestive of a quarterly contraction for the current quarter (third-quarter 2010.) Williams goes on to say, “. . . today’s ongoing “recovery” is not evident in most economic data, and, like the mid-Great Depression recovery, most people will not recognize the “good times.” Main Street U.S.A. usually has a pretty good sense of what is happening in the real world, and the pain of today’s pocketbook issues still will be felt heavily at the polls, irrespective of any happy announcements or heavy political hype to the contrary.”