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Recession Is Over According to Financial Experts
- Text size
BIANNA GOLODRYGA
ABC News
May 12, 2009
ABC News
May 12, 2009
There is a growing belief among financial experts that the recession is over.
- A d v e r t i s e m e n t
Barry Knapp, a strategist at Barclays Capital, wrote recently that the economy appears “to be in the sweet spot of a recovery” and that the recession may have ended last month, according to Bloomberg News.
Liz Ann Sonders, chief investment strategist at Charles Schwab, said on “Good Morning America” today that she agrees with that conclusion.
“It isn’t any brilliant prescience on mine or anybody else’s part,” Sonders said. “There’s certain indicators we can look at to set the turn, and I think we have seen that turn.”
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May 12th, 2009 at 12:30 pm
Yeah, I don’t think “financial experts” has any weight.
chevs911truth Reply:
May 12th, 2009 at 2:21 pm
http://beyondbelief.weebly.com/
Bab Reply:
May 12th, 2009 at 7:45 pm
THE RECESSION IS NOT OVER, WE ARE IN A DEPRESSION. DON’T INVEST PEOPLE.
ballgame Reply:
May 13th, 2009 at 12:37 am
don’t invest with the wall street, instead invest in seeds that you can grow for food. because that is the most powerful thing in the world.
people think gold and silver is the way to go. but when i have food growing continously ill be taking gold and silver until it runs out…..so really gold and silver don’t mean shit.
GROW FOOD PEOPLE…..LIKE I SAID THE MOST POWER INVESTMENT YOU WILL EVER MAKE.
Unconquered Reply:
May 13th, 2009 at 10:14 am
Here sucker, sucker, sucker… Since we all know the truth about the bankstas, the controlled media, et.al. thanks to Alex, Jason and others, we won’t be lured into this false sense of security. I know I’m preaching to the choir but just connect the dots. It doesn’t add up. Be ready for the shit to really hit the fan. This is not a drill.
Dakota Kid Reply:
May 12th, 2009 at 10:54 pm
It sounds like a growing number of so called financial experts are smoking something other than tobacco. Next, they will tell us that there really is a santa claus, a tooth fairy and an easter bunny! Or, maybe they are right, the recession is over and the DEPRESSION is beginning.
George Pill Reply:
May 13th, 2009 at 2:10 am
Glad to know ABC has cheerleaders too.
In the meantime, unemployment rates are at highest levels since the great depression, banks are insolvent, the feds are artificially pumping up the real estate market, and Obama says Social Security is nearly bankrupt.
Its morning in America ! Thanks ABC.
May 12th, 2009 at 12:31 pm
Will these “experts” be stripped of their “credentials” if they are proven wrong? Or will they simply make an excuse and go on to advise someone else with their expertise?
birgit Reply:
May 12th, 2009 at 12:45 pm
Now you understand their game!
May 12th, 2009 at 12:32 pm
hilarious propaganda. instead of losing 600,000 jobs last month we lost 500,000 jobs! RECOVERY OBAMA DID IT THANK YOU SO MUCH AHHHHH
RR Reply:
May 12th, 2009 at 1:24 pm
UN-fortunately the American Idol dumbed down “imbecile majority” will buy into this, no pun intended. According to one source ‘ol Uncle Sam is going into debt 1 billion with a ‘b’ every hour, 24 hours a day, 7 days a week. This is a “recovery”? This is Twilight Zone stuff.
By the way what IS David Rockefeller’s edifice of UN-American bashing scumbags up to these days over at the UN-dead? Keep an ILLUMINATED eye on those guys, no pun intended.
http://www.THEorYofLIVEvolution.com
Vet4life63 Reply:
May 12th, 2009 at 2:34 pm
RR, unfortunately you are right about the dumbing down.
Senator Joseph McCarthy investigated
people who protested the war in Vietnam,
better known as the Second World War.
Fortunately, that war was over before
Christopher Columbus sailed to America;
otherwise, we might have never
experienced the Renaissance.
A new survey of 17-year-olds reveals
that, to many, the paragraph above
sounds only slightly strange. Almost 20
percent of 1,200 respondents to a
national telephone survey do not know
who our enemy was in World War II, and
more than a quarter think Columbus
sailed after 1750. Half do not know
whom Sen. McCarthy investigated or
what the Renaissance was.
• Nearly a quarter of those surveyed
could not identify Adolf Hitler; 10
percent think he was a munitions
manufacturer
• Fewer than half can place the Civil War
in the correct half-century
• Only 45 percent can identify Oedipus
• A third do not know that the Bill of
Rights guarantees the freedom of
speech and religion
• 44 percent think that The Scarlet Letter
was either about a witch trial or a piece
of correspondence
Most were clueless that American revolutionary Patrick Henry said, “Give me liberty, or give me death.”
But they were quick to point out Cheech and Chong gave the world, “How many joints in a lid?”
And they knew “American Idol” contestants in detail but couldn’t name the U.S. Supreme Court justices.
JohnT Reply:
May 13th, 2009 at 12:34 pm
Where is that ’survey’. I’d like to read it.
Theywontchipme Reply:
May 12th, 2009 at 1:31 pm
OOOOOOOOOBAAAAAAAAAAAAAAAAAHHHHHHHHMMMMMMMMMMAAAAAAAAAAAAAAAAA!
May 12th, 2009 at 12:33 pm
yeah, the recession was over last September when Paulson demanded billions for all of his bankster buddies….. we left recession behind and now have depression….
May 12th, 2009 at 12:34 pm
Recession IS over! The Depression Has Begun!!
http://www.warnthepeople.org
May 12th, 2009 at 12:36 pm
another expert trying to convince people to lose what ever they have left back into the system, I heard another expert say the opposite, he said the market will go back up to 9000(dow), and them plummit. The safest spot for your money is under your bed. its less likely that a criminal would break in and steal it, than a banker.
Eyewantmymoneyback Reply:
May 12th, 2009 at 12:41 pm
LOL yea in the bank their isnt no need to “break in” apparently.
May 12th, 2009 at 12:38 pm
I’d like to see them say that face to face in front of all the victims of foreclosures, layoffs, debt slavery and homeless. Idiots.
May 12th, 2009 at 12:40 pm
Experts? Baaaahhhhh! Things are gonna get better!
JohnT Reply:
May 13th, 2009 at 12:35 pm
About the time experts die from old age.
May 12th, 2009 at 12:42 pm
The Recession ended December 08. The deflationary depression started Jan 09 and has now ended. And now we have hyperinflationary depression. Stock up, become self sufficient, love thy neighbour.
May 12th, 2009 at 12:42 pm
“Experts”, lol..
May 12th, 2009 at 12:44 pm
Recovery? Is this some kind of sick joke!? I do not find it amusing.
May 12th, 2009 at 12:47 pm
well this good is news hope it is true look at this site its like bad news all the time gloom and doom full time how can you live a happy life thinking about gloom and doom full time .. im thinking alot of you need to stop smoking the pipe .. get a life find a girlfriend go fishing get a job .. the NWO will not go any place it will still be here even after yr buzz from smoking the pipe comes down ……
yellowhak1 Reply:
May 12th, 2009 at 1:27 pm
jonnyairtimes full time job seems to be telling others to get a job, a girlfriend, a life, and to put the crack pipe down but i’m sure we haven’t heard the last of jonny he seems to be all over these stories.
The Free Celt Reply:
May 13th, 2009 at 3:47 am
Hyperinflation Jonny, hyperinflation…….
May 12th, 2009 at 12:48 pm
How come none of thes people have lost their jobs.
Oh how silly of me, propaganda mouth pieces and disinfo agents are NEVER out of work!
May 12th, 2009 at 12:50 pm
Must be why gas prices are moving up fast, lol!
May 12th, 2009 at 12:52 pm
lmao We have to get out of the Depression before we get out of any Recession! They must think we are stupid.
May 12th, 2009 at 12:53 pm
Sorry, I do not think the “financial experts” have any credibilty. It was just a few months ago they finally figured out the recession “officially” began in Dec. 2007.
In a normal economy we CREATE 150,000 private sector jobs per month. How is loosing 529,000 jobs last month a recovery? (Remember the gov’t. added 80,000 jobs for the pre cenus, so 619,000 PRIVATE sector jobs were lost)
Get real.
Toxin Reply:
May 12th, 2009 at 1:15 pm
You have to remember the jobless rate is calculated by the amount of people who are collecting unemployment. Since you can only collect for so long when you are no longer eligible to collect you are removed from the list. Then they report that the number of jobless persons has decreased. When in fact it hasn’t. There are other factors that are never calculated in either like those who never applied or couldn’t get unemployment benefits or those who are under worked meaning they cant find full-time jobs that meet their needs.
The Free Celt Reply:
May 13th, 2009 at 3:48 am
And March’s figures get revised up by 60,000 to 700,000.
May 12th, 2009 at 12:55 pm
http://www.buzzen.net/chatui.a.....%25%23Info\bWars
Chat room with no spammers!
May 12th, 2009 at 1:03 pm
“Im still not a crook”
May 12th, 2009 at 1:10 pm
Can you say pump and dump? This is the summer pump we were told about and come fall thats gonna be the dump. Ironically it will probably coincide with a resurrgance of- you guessed it- swine flu. This time it wont be a beta test and there will be a lock down. They’ll have to do that cause when they yank the rug out this time its going to pulverize the market and people will be pissed. The swine flu lockdown will be the only way the gangster banksters can gaurantee they wont end up swinging from lamp posts, telephone poles or aunt Edna’s rose bushes. People are so stupid its not even funny if they believe these “experts”.
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May 12th, 2009 at 1:13 pm
yeah recessions over…everyone go back to watching american idol.
May 12th, 2009 at 1:13 pm
I think the financial experts are a bunch of idiots that couldnt find their dumbasses with both hands.
May 12th, 2009 at 1:14 pm
Now get out there and SPEND SPEND SPEND!!! Be sure to buy storable food, water and ammo.
ballgame Reply:
May 13th, 2009 at 12:55 am
SPEND MONEY ON SEEDS THAT GROWS FOOD THATS BETTER THAN CANNED OR STORED FOOD. AND OF COURSE WATER AND AMMO IS A MUST TO PROTECT YOUR CROPS.
May 12th, 2009 at 1:19 pm
I hope the experts have been to http://911essentials.com but I can bet you dollars to donuts they probably won’t until their treason trials begin. Oh well, you can’t say we didn’t try and warn them.
When the treason trials begin I will buy a TV. I think Ron Paul would make a good judge too.
Let’s start now.
May 12th, 2009 at 1:20 pm
Please refer back to the Bilderberg meetings; we will sucker them back into the market with what little money they have left over. LOL….Sheeple unite, go and buy another house you can not afford, you might just make money on it…..
May 12th, 2009 at 1:47 pm
Sweet spot of a recovery?! Be patient, experts. It’s the eye of a hurricane.
May 12th, 2009 at 1:50 pm
I’m sure the recession is over – for THEM!! The Federal Reserve can’t remember where the money went – well it went into the pocket’s of the “Financial Experts”.
Now – go ask Regular Ol’ Joe if the recession is over at his house… I’m SURE you’ll get a resounding HELL NO!!!
May 12th, 2009 at 2:07 pm
Anyone who can’t pay their debts anymore and wants to keep their money for food, safety and protect their paychecks, homes, & bank accounts from any creditors/collectors, please visit: http://www.debtcrisissolutions.com
There’s no more payments to creditors! They also help stop foreclosure & modify the mortgage without refinancing!…
May 12th, 2009 at 2:09 pm
Yeah!!! The recession is over!!!! Three months of apparent good news this summer! People put all your money of what is left back into stocks now!!! Why not? The depression starts in Fall and the money wont be worth anything thing then anyways….. Wait, I have a better idea!!! Go out and buy all the food, water, ammo and silver you can now in the summer while you still have a chance!
May 12th, 2009 at 2:21 pm
LOL, I was just looking at house’s for sale and did a search in a small zip code and it showed 54 house added this week alone for sale. thats 200+ a month ( not counting houses already on the market) ( remember that the banks had a 3 month hold on forclosures, and that ended April first) but probably way more then 200 as those forclosures start hitting the market heavy. Now times that by every zip code in the country. Its a hurricane a commin. Why do you think Tax cheat Gietner has schedualed a trip to China at the end of month. To beg them to start buying up our debt again. Hillary couldnt talk them into it. now its his turn, Fat Chance.
May 12th, 2009 at 2:36 pm
Do you mean the same recession that these same money-whores denied we were in for over a YEAR??? They have been wrong about EVERYTHING & now they want to say “It’s all over, go back outside and spend money you don’t have again”. RIIIIGHT!
May 12th, 2009 at 2:39 pm
Like usual, they are word-smiths. There is truth to the recession being over. That’s probably because the depression has started.
May 12th, 2009 at 2:39 pm
I asked my Psychic Expert this morning and her Crystal Ball said it will get worse!
May 12th, 2009 at 3:28 pm
thats funny, geithner says social security and medicare will be running out sooner than expected. who the fuck did we have running this country a bunch of baffoons and yet their still in office thanks to obama and all those before them
May 12th, 2009 at 3:35 pm
I want some of that shit they’re smoking as I need something to cheer me up after my boss told me if i didn’t get my production numbers up in 30 days I’d be looking for another job , numbers been the same for over 3yrs and with him shorting us on hours during the off season, if I’d had a gun I’d of blown his head off.
May 12th, 2009 at 4:45 pm
meanwhile gas prices are rising again
May 12th, 2009 at 4:49 pm
WHAT !!!! ARE you on the fucking moon ? What country are they in ,I,m so broke I can,t pay Atintion !!! DAM FOOL
May 12th, 2009 at 5:09 pm
…yet another chance to show all the Keynsians that they are using a flawed economic model.
http://www.TheAustriansWereRight.com
May 12th, 2009 at 6:14 pm
Belly up to the bar suckers, it’s safe to invest in paper again!
May 12th, 2009 at 6:18 pm
SEVERAL ACTIONS/ PETITIONS (HEALTH,ETC)
(wethepeoplefoundation.org)
- givemeliberty.org/revolution
(anhcampaign.org/get-involved)
- ipetitions.com/petition/anh-vitaminrestrictions/index.html
- naturalnews.com/025719.html healthrevolutionpetition.org
(nocodexgenocide.com/page/page/3113337.htm)
- thepetitionsite.com/5/congressional-oversight-needed-to-stop-fdas-trilateral-cooperation-charter
- https://secure.freepress.net/site/Advocacy?cmd=display&page=UserAction&id=305
May 12th, 2009 at 6:19 pm
PETITION TO BLOCK CONGRESSIONAL ATTACKS ON FREEDOM OF SPEECH AND PRESS
wnd.com/index.php?pageId=87882
============
SPREAD THIS INFORMATION
Collapse driven by fraud:
rawstory.com/news/2008/Economist_US_collapse_driven_by_fraud_0404.html
Wall Street criminals exposed By Marcy K.:
kaptur.house.gov/index.php?option=com_content&task=view&id=289&Itemid=1
marcykaptur.com
http://www.youtube.com/watch?v=S27yitK32ds
#####BEAT THE FUCKERS#####
MAKE GROW THIS ACTION:
ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207
&
campaignforliberty.com/campaigns/auditthefed.php
PETITIONS:
alternet.org/workplace/133275/powerful_banks_and_government_handouts_to_the_rich%3A_it%27s_time_for_protest
thepetitionsite.com/1/down-with-federal-reserve
petitiononline.com/fedres/petition.html
More information and petitions here:
anewwayforward.org/demonstrations
May 12th, 2009 at 6:38 pm
Great, Tell that to all of us in the union hall laid off, 20% plus unemployment in construction with no hiring coming anytime soon, I love losing my job every year! nothing like sitting around broke listening to the alex jones show!
May 12th, 2009 at 7:23 pm
You know, the stock market thing was just one big ponzi scheme that took everyone’s money. They plan to do it again when they gain everyone’s confidence back. DON’T INVEST, DON’T LET DOWN YOUR GUARD. IT IS ALL LIES.
The Free Celt Reply:
May 13th, 2009 at 3:58 am
Buy Gold and Silver.
Bab Reply:
May 13th, 2009 at 4:18 pm
IF ANYONE HEARS ME THEN HEAR THIS:
INVEST IN NON-HYBRID SEEDS AS ANOTHER POSTER ON THIS BOARD SAID. SOON, AFTER CODEX DECEMBER 2009 GOES INTO EFFECT, WE WILL HAVE NO HEALTHY FOOD AND IT WILL BE IN GREAT DEMAND.
Search Codex December 2009 and LEARN. Invest in dry storable goods and tons of water storage, and do it now. Do not wait.
Bab Reply:
May 13th, 2009 at 4:22 pm
PS:
INVEST IN VITAMINS NOW
NEW LAW STARTING DECEMBER 2009: Vitamins, minerals, and herbs will be treated as toxins, not nutrients and become illegal without a doctors prescription.
Food irradiation to be done on all food. Would you like a dose of radiation to go with that coffee?
May 12th, 2009 at 7:25 pm
BELIEVE NOTHING THEY SAY–NOTHING.
May 12th, 2009 at 7:31 pm
I am sure we will read about Geithner suicided, did I say suicided? I meant committing suicide. The news always reports this stuff. We read a lot of it don’t we.
May 12th, 2009 at 7:33 pm
I hope he has more sense than that.
May 12th, 2009 at 8:19 pm
SAY NO TO THE NAZI SCUM WORLD ORDER
###SIGN###
http://www.wnd.com/index.php?f.....geId=94298
May 12th, 2009 at 8:27 pm
Government hiring now. We all know how “productive” government jobs are. One word sums it up – debt. We have not yet felt the pain of job losses in the private sector. More bovine scatology from the financial experts who did not call a recession until we were in it for more than a year.
May 12th, 2009 at 8:31 pm
um.. nothing is over you goddamn corporate nwo shills. this nwo worldwide depression is done on purpose by international bankers and jews
you tell the people living in “obamavilles“ this thing is over and things are getting better..fuckin scumbags
…so tired of the lies
http://www.davidicke.com
May 12th, 2009 at 9:41 pm
These morons didn’t see it coming, now they’re saying it’s ended?? can you see the ridiculousness here?
May 12th, 2009 at 10:10 pm
How about the fleecing and robbery of our money??Is that over too?
That seems to be the cause of the depression.
I am still confused with the numbers I am hearing of their theft. 14 Trillion total.
If 9 Trillion pays for almost all the debts of every mortgage in the U.S.??
And we gave them 14 Trillion.
Seems like we paid our debts and we own the notes.
May 12th, 2009 at 10:26 pm
the same financial experts who laughed at peter schiff all those years and denied we were in a recession until 8 months ago even though we were in it for 2 years. just keep your head in the sand and you will be ok.
May 13th, 2009 at 12:17 am
Freddy Mac needs another 6.1 billion, if only the recent CEO would have known how close we were to pulling out of the recession maybe he wouldn’t have been murdered. I mean wouldn’t have hung himself (yeah right).
I can’t take too much more of these “experts”
May 13th, 2009 at 12:26 am
yep, and also on top of the so called recovery the government is still not taking responsibility for paying back the debt to the federal reserve (public-private bank) that we pay for taxs. so the number will still be about 60 trillion dollars plus interest that the government suppose to pay back but blaming us for the american debt for not being paid. so when they audit, they are auditing us as americans and not the government.
THAT IS COMPLETELY UN-AMERICAN AND THE BIGGEST SCAM FOR THE AGES
instead, the government and its relations to them as well as programs need to be the ones audited. and thats the real truth of all of this………end of story
May 13th, 2009 at 12:27 am
Hyperinflation has now started. Look at gas prices to make a comparison. This summer is really gonna suck!
The Free Celt Reply:
May 13th, 2009 at 4:03 am
And look at the price of oil. Going up to $60 a barrel and inventories are at a near all time high. Thousands of tankers at sea lying idle full of oil. When a shop wants to clear excess stock what does it do? SALE 25% OFF. But oil goes up?
Watch gold and all the commodities go up. Hell even the dow is going up because of the advent of hyperinflation
May 13th, 2009 at 12:31 am
The economy starting to look and sound alot like weekend at Bernies. I am pretty fucking sure it is dead but they keep dressing it up and pulling some strings and everyone keeps coming to the party.
May 13th, 2009 at 12:57 am
Sure it’s safe to invest… in gold, lead, and, food
May 13th, 2009 at 1:05 am
Try the Big Lie Ploy:
Say it often enough & loud enough…
Such honesty.
May 13th, 2009 at 1:43 am
HAHAHAHAHAHAAHA! HAHAHAHAHAHAHAHA! Ooooh, that’s rich.
Yessirree! Absolutely, the recession’s over. Now it’s the depression!
May 13th, 2009 at 5:39 am
recession is over? yeah, everyone I know is working pt..
gas prices r up? too bad I didn’t notice car got repoed last month. walk to my pt job every month.
I am 10 units towards a masters degree, got a state license to sell life & health insurance..
Only people I know that have money sell drugs tax free I might add
May 13th, 2009 at 8:35 am
The sad thing is, a lot of people, my brother included, believe this kind of garbage and they think I’m just being a pessimist when I flat out disagree.
I’m sure the good folks in Mich. are painfully aware that the recession is a depression and that is nowhere near over.
Support Ron Paul’s bill H.R. 1207: audit the Federal Reserve. campaignforliberty.com
May 13th, 2009 at 8:47 am
This is exactly what the Bilderberger leak predicted like two or three weeks ago. We are going to be told everything is recovering, the markets are safe, people will begin investing, the stock market will start to recover to 1998 levels, then the whole thing will collapse again in late September and the Banksters will win again. This was just leaked recently and now it is happening, it seems.
May 13th, 2009 at 9:08 am
A little bounce but we can’t grow our way out of this. The distortions produced in the market by the over printing of money will eventually translate into runaway inflation. They are just postponing a correction and making the problem worse. This is actually a bad sign.
May 13th, 2009 at 12:30 pm
Sorry I have no $ to invest in anything. “Bring us you unwanted gold for cash.” Haw.
May 18th, 2009 at 4:33 pm
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