Posts Tagged: Deflation is here

Go Back To Sleep – No Depression Here

It’s all good, folks. Nothing to see here, move along. The economy is fine now, look at the DJIA, it’s all good. Go back to sleep, and don’t forget to spend money online before you turn out the light.

Sounds good, doesn’t it? This is what they want you to believe, that everything is fine. Even the President came out and said that the economy isn’t as bad as we think.  

Huh? Say what? The economy isn’t as bad as we think? Then what was all that just a couple of months ago when you said that the economy was in serious trouble? 

Color me cynical, but I’m not buying what you’re selling, Mr. President.

Let’s take, for example, this article on Bloomberg.com: U.S. Bailouts Add to Risk of Depression 

Some Excerpts from the above article:

“The U.S. risks sending the world into a depression as its bailouts of failed companies rob healthy businesses of capital, investor Jim Rogers said.”

 

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