While the Obama administration travels around the Country trying to convince the American people and small businesses that The United States is moving in the right direction, that the recovery is working which Obama knows it’s not working but still trying to paint a pretty picture. The American people is now wise to the President’s false hope speeches!
Rosenberg: This Is a Depression, Not a Recession
Gluskin Sheff economist David Rosenberg says “the United States has entered a Depression, and not just some garden-variety recession. Keep reading
Double Dip Coming
Economist Stephen Roach says a double dip recession is coming but the trigger hasn’t yet been identified. Chicago Federal Reserve president Charles Evans believes the risks of a double dip have increased recently. Keep reading
Some Governments Will Default on Debt
Global debt woes are severe enough that some governments will default on their bonds, says Arnaud Mares, an executive director at Morgan Stanley.
The weaker economies of Europe, including Greece, Portugal and Ireland, already have faced rising borrowing costs amid investor fears about their debt burdens.Standard & Poor’s just downgraded Ireland’s credit rating, thanks to the escalating price tag of nationalizing its banks.
But it’s not just Europe. The sovereign-debt crisis is global “and it is not over,” Mares said. Keep reading
After reading what the economist are saying, would you trust what Obama has said that we’re headed in the right direction or would you trust the economist and what they say? After all the lies that Obama has told we the people of American and around the World, I will take the word of the economist over his!
