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Economist: Expect Inverted Recovery
- Text size
Julie Crawshaw
Moneynews
July 14, 2009
Moneynews
July 14, 2009
- A d v e r t i s e m e n t
Yardeni said the first shoulder of the formation came on Nov. 20, 2008, when the Standard and Poor’s 500 index fell to the year’s low of 752.44.
The index then rallied to 934.70 on Jan. 6, before tanking to an intraday low of 666 on March 6. Then it rebounded to this year’s high of 946.21 on June 12
“If it holds that level over the rest of the summer, then the resulting head-and-shoulders formation could set the base for the next leg up for stocks,” Yardeni told The Daily Press.
However, Yardeni said that his optimistic technical picture won’t be realized unless the fundamentals cooperate, in the form of an upturn in earnings.
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July 14th, 2009 at 1:38 pm
this guy is pissing against the wind.
Bohemian Rove Reply:
July 14th, 2009 at 2:14 pm
Bilout money is propping up and playing the stock market. Not health.
The Goldman ‘extravagant Q2 recovery’ is just our tax donations counted by them as ‘profit earnings’. And indeed they are. Plus their will be more bailouts to come. Directly in the form of TARP 2, 3 etc and then the covert ops- higher taxes and inflation.
Keep paying fools. You keep dishing it up, they’ll keep stealing.
HanksExfed Reply:
July 14th, 2009 at 2:21 pm
Default or Inflation Default or Inflation. Take that 58 TRILLION in Debt after you add on the Social Security and Medicare. Stick that in your upturn.
blehhh Reply:
July 14th, 2009 at 4:51 pm
666 on march 6 or 3/6 – three 6’s! XD
ric Reply:
July 14th, 2009 at 9:39 pm
what are you trying to say ?????????
EU-Lex Reply:
July 15th, 2009 at 2:40 pm
666 is the head the leader of this world that is all.
Tribal Warrior Reply:
July 14th, 2009 at 9:00 pm
Yeah pissin into a tornado hoping it goes straight through.
July 14th, 2009 at 1:42 pm
lol …the only words that come to mind are “bullshit” lol I was a broker when all the other brokers were pushing Tech Stocks and Real Estate derivites and I knew that was all bullshit then too. Wonder what the next bubble scheme will be?
Just Me Reply:
July 14th, 2009 at 1:48 pm
Oh yeah, almost forgot. It’s Gold. Don’t freaking buy into any investment that has doubled or tripled in the past couple of years…Crikey some people will never learn.
Have fun with all your gold people when it crashes back down to $300/oz. You do realize that the world gold price is set daily by the Bank of London which is primarily controlled by the Rothschild family right!?!?
Worst case scenario, the Fed calls all the country’s gold AGAIN at $35/oz and if you don’t turn it in you are guilty of a Federal Offense.
Alex and the gold peddlers are WAY off on buying gold at this time and in this economy. Buy gold when the price is down not at historical highs. Greed and ignorance only feed the International Banking Elites.
FreedomLover Reply:
July 14th, 2009 at 2:09 pm
Thanks!
Any more good advice? And the not turning it in thing? What does that mean? Wedding rings, what?
Just Me Reply:
July 14th, 2009 at 2:25 pm
I’d sell gold now but don’t buy any.
Gary Reply:
July 14th, 2009 at 6:50 pm
Guns.
Madman Reply:
July 14th, 2009 at 8:56 pm
Food, Water, Guns & Ammo, and once you are comfortable that you have enough of all that to survive, and have extra cash laying around, then, and only then, consider buying silver… if you get enough silver you are sick of it, then, when the price lowers to something reasonable, then buy some gold.
By comfortable, I mean having at least 5,000 rounds per gun, for every gun you have. Shotguns, I say 1,000 rounds is a damn good start, 22 LR, at least 5000, 9mm and 380, if you waited this long, you’ll be lucky to get 1000 rounds without having to sell your liver.
Getting by is having 1000 rounds, per gun…5000 is a comfortable range for having some to shoot, and some to trade, 10K rounds is really a nice level, in all honesty, but it’s WAY out of reach this late in the game, unless you are really well heeled.
Madman Reply:
July 14th, 2009 at 8:51 pm
American’s during the great depression were forced to turn in their gold and silver, that was what the AGAIN thing ment.
Bohemian Rove Reply:
July 14th, 2009 at 2:16 pm
Sue Peter Schiff who has been proclaiming 2000.00 oz gold by years end for a long time. I like the guy, but if he’s wrong on this- hold his feet to the fire on it. Celente too.
Madman Reply:
July 14th, 2009 at 8:58 pm
Remember, Alex’s sponsors sell gold and silver, and all give the disclaimer thing, that they can’t be held responsible… so, when and if it drops, they go, opps, our bad… if it goes up, they come out as your saviors, and sell you gold and silver.
mike Reply:
July 15th, 2009 at 11:23 am
They NEVER claim that it is foolproof. They help you to understand that while gold and silver can be devalued, they like land can never be worth nothing. Paper money on the other hand, has ALWAYS gone back to its intrinsic value throughout all societies in history.
OzyBoy Reply:
July 15th, 2009 at 12:56 pm
Yep. Madman. You’re a sane man.
Harold Reply:
July 14th, 2009 at 9:38 pm
I wouldnt bet on it. Most of the time these asshats are wrong. Every year some calamity is forecast that never comes to fruition. One things for sure the Antichrist spirit is very strong right now. When will he make himself known? As Linda Blair said in The Exorcist…..In time
Bill Reply:
July 14th, 2009 at 3:08 pm
All of us that hold the world’s currency for thousands of years should trade it in for… paper?
Are you f**king serious!!!!
Just Me Reply:
July 14th, 2009 at 4:57 pm
The Chinese are currently buying up and investing in raw materials. Not commodities but the actual raw materials.
Unconquered Reply:
July 14th, 2009 at 4:18 pm
Yeah, I’m not on the gold bandwagon. On one hand, it’s always had intrinsic value because people believe this lump of base element can’t be manufactured. On the other hand, if it comes down to having to trade and barter, bullets are going to be more valuable only because you’ll be able to protect what little you have left (provided you didn’t sell your gun for a lump of metal). I think the next big bubble is going to be the carbon offset rip off. That said, I’m very suspect of Yardini first of all because the orwellian doublespeak. Whatever dude, you’re not fooling anyone. Also because he was one of the major doomsayer during Y2K saying we were headed for ATM, powergrid collapse, etc.
OzyBoy Reply:
July 15th, 2009 at 1:00 pm
OH YEAH! You hit the nail. Carbon BS is going to be a world killer scam. Do a youtube search on Cap and trade. You’ll see how this is a GREAT scam. These asshats are the smartest guys in the room.. ( I KNEW Enron was going to give all the scum great ideas.shessh)
July 14th, 2009 at 1:43 pm
I was a monkey’s playmate. We communicated through laughter. The way I giggled and laughed, because of the monkey giggling and laughing at the way I giggle and laugh, only made me giggle and laugh more; so you know what that did to the monkey. Yeah…it was just as funny as seeing monkeys on TV. So we just kept on giggling and laughing. The monkey and I got along real well. I still felt like someone’s sparetime fodder.
July 14th, 2009 at 2:11 pm
What the hell kind of Orwellian Newspeak is “inverted recovery”? Double plus ungood, Ed Yardeni. Double plus ungood.
HanksExfed Reply:
July 14th, 2009 at 2:24 pm
Newspeak is right; its that foot-in-mouth disease that Obama the Dumbass suffers from.
Gary Reply:
July 14th, 2009 at 6:52 pm
My first thought when I read that was that it will be a recovery only for the rich, not the rest of us. In other words, Big Business will recover while the rest of us are still living in tents and cardboard boxes.
July 14th, 2009 at 2:26 pm
What it means is:
1. You still got no job
2. You still lose your house
3. You still got no money
4. You still lost your retirement & health benefits.
5. The banks “recover” with bailout money
so they can continue to foreclose on the nation.
That’s what “inverted recovery” means:
“Inverted”= “Upside-Down”
Highlanderess Reply:
July 14th, 2009 at 3:45 pm
Makes perfect sense to me. Good post.
mike65 Reply:
July 14th, 2009 at 8:44 pm
GOOD posts GARY and FUBAR.I agree 100 percent with the both of you.I say it’s time to foreclose on the banksters.
July 14th, 2009 at 2:38 pm
anyone notice the 3 sixes (March 6th) and the 666?
Highlanderess Reply:
July 14th, 2009 at 3:48 pm
Yes. That’s a sure sign that the antichrist is getting ready to rule.
JaneTheCarpenter Reply:
July 15th, 2009 at 3:13 pm
What do you mean? Please explain!!
July 14th, 2009 at 2:48 pm
How many more “jobless recoveries” can this country take, before we are all out of jobs, and at the same time the government declares that the economy is fully recovered?
Maybe its like the forced de-population agenda. They see the joblessness as moving them in the directio nthey want to go, so, to them, it is a successful recovery. It’s just not a recovery for you and me.
The elites are after all the world’s resources, because they think they are on the verge of practical immortality, and if they live 700 years they will need 10 times the resources they would have consumed had they only lived 70. Working people consume more resources, so until they finally get rid of most of us, they are going to make sure that we stay only minimally employed, and not consume any more resources than necessary, because it is the resources they are after at the end of it all.
They did the math, and if the planet could only support X number of people, for X amount of time, with X years of average lifespan, they concluded that if they were in fact going to achieve practical immortality any time soon, then the number of people consuming resources would have to be drastically reduced. After all, what good would it do them to live thousands of years only to end up living on a planet stripped bare?
World domination, control, and depopulation is all about people who think they are going to live forever stealing the resources they believe they are going to need to make it all worthwhile. That is why for them inverted and jobless recoveries make sense and are seen as successful.
July 14th, 2009 at 3:12 pm
Google this-The Biggest Game in Town About the Government CAFR Wealth Shell Game. If you can get past the VHS filming it’s informative.
I still think Hillary is hot- even though her ankles are as big as the national debt.
July 14th, 2009 at 3:14 pm
My dad being old tells me that before everything crashed back when, they had weasels like this one spouting head and shoulders recovery and look at the rebounds that are being made. Like a magician, look at my right hand while I slap you with the other hand.
July 14th, 2009 at 3:18 pm
What this guy says is pointless.
July 14th, 2009 at 3:25 pm
PETER JOSEPH MORRELL
hjg Reply:
July 14th, 2009 at 5:23 pm
Sandy Marie Curtis
July 14th, 2009 at 3:29 pm
This guy’s video on youtube has been so popular that Obama
Called him personally. He said that he was very disturbed with the video and
Invited him to the White House. Obama also said he wanted the White House to
Handle the Press and not to talk about the video or the White House visit. That’s interesting.
Watch it now. This may be the best six minutes invested in
Your future
You may have to turn your Sound Control up some.
http://www.youtube.com/watch?v=jeYscnFpEyA
JaneTheCarpenter Reply:
July 15th, 2009 at 3:19 pm
You might want to watch this video, he did.
JaneTheCarpenter Reply:
July 15th, 2009 at 3:19 pm
http://www.youtube.com/watch?v=xxDwBYjL3Fc
July 14th, 2009 at 7:35 pm
HERE: Stream and Download ALL the best interviews and rants from the Alex Jones Show Archives:
http://alex-jones-archives.politicsfiles.info/
TODAY:
- G. Edward Griffin:The Illuminati’s Time is Running Out !!
- Manny Badillo (We Are Change ):Justice For Joseph Sgroi !!
- Obama’s Science Czar To Sterilize Population Through Water Supply!!!
- Obama’s Mad Science Advisor Calls For Forced Eugencis Program
Backup your favorite episodes, don’t miss any!
July 14th, 2009 at 9:28 pm
lets create “green jobs”but we have to lose 10 million first-
TEN FOOT POLE Reply:
July 14th, 2009 at 11:25 pm
You mean like “Soylent Green”?
July 15th, 2009 at 12:56 am
30% unemployment by next summer.
July 15th, 2009 at 11:58 am
Most of the articles that come from these “economists” is all BS. We have to remember these economists are educated by the education system which is headed by Illuminati. What they teach to these “economists” in school is straight up BS. They teach them to try and predict what will happen.. BUT THE ENTIRE SYSTEM IS MANIPULATED AND CONTROLLED.. How can u predict something naturally when its not natural?
http://www.collective-evolution.com
July 15th, 2009 at 1:43 pm
the euphrates river is DRYING UP time to get off your ass
get out of your lying main stream chrurches and READ THE WORD OF GOD
JESUS IS GOD
wake up
HES COMING BACK
goodnewsaboutgod.com
July 15th, 2009 at 3:08 pm
everytime you log your information into these sites your are probably putting your name on a list. Everytime you buy an Alex Jones T shirt you are putting a target on your chest. maybe people like alex jones are knowingly or unknowingly assembling the list of American terrorist for data mining operations.
July 15th, 2009 at 4:51 pm
This clown has no idea what he is talking about.
You don’t need alot of charts and graphs to understand this FACT. 66% of our economy is based on consumer spending. If the consumers are out of work, or only in the new part-time minimum wage jobs, there will be NO recovery.
The market hype now is purly manipulated. Designed to soley benefit those market traders. Those on Wall street take 1 oz. of good news and hype it, ignoring the 10 lbs. of bad news.
Pure fraud and manipulation.
Personally, I would only keep a small amount of physical gold and silver, if you are on your deathbed, it is very easy to pass gold to your family or friends without gov’t interference or taxation. And of course if and when the sh*t really hits the fan, it will come in handy.
July 15th, 2009 at 6:06 pm
I don’t understand how anyone could blame the taxpayers for allowing themselves to be robbed,unless of course one has no idea how the system works.
It is not a matter of controlling the current monetary system,so much as ABOLISHING it.
Anyone who is anywhere else in the world (almost),would not understand,as most americans do not,that we once had a functioning and fair monetary system,in which the country prospered.
Study beyond what you DIDN’T learn in school,true history is intentionally not taught to you.
July 15th, 2009 at 8:52 pm
The money elite want the market to go up, and stay in it’s presant trading range.
And the market wants to go down.
Every time the market starts to go down, they drive it right back up.
How long can they hold up the market ?,,, I am starting to say ….. for as long as they want.
July 15th, 2009 at 10:46 pm
Actually, the elitists work it both ways, on the way up and on the way down. You buy, then drive the market up, sell, take your profits. Then you sell, and make profits on the way down, where you buy again. A never ending game based on nothing except making money from those that jump into the market within the trading range.
Of course where the real money is, is in creating a bubble, driving it up, watching the average Joe jump in with his life savings, then betting against it because all is based on pure hype and manipulation by those with the REAL money.
When the game is rigged, it is most difficult to come out ahead.
Wall Street has lost all credibilty.