U.S. "undoubtedly in recession" (reuters)

[katty]

more:
http://www.reuters.com/article/businessNews/idUSL2474133320071024?feedType=RSS&feedName=businessNews&rpc=23&sp=true

Top 10 Research ReportsDaily Investor Update

U.S. "undoubtedly in recession": Jim Rogers
Wed Oct 24, 2007 1:19pm EDT

Oil jumps as U.S. inventory fall stokes supply worry

More Business & Investing News... LONDON (Reuters) - The United States has entered a recession, according to highly-regarded investor Jim Rogers, who told Britain's Daily Telegraph newspaper on Wednesday he was switching out of the dollar and into yen, the yuan and the Swiss franc.

The veteran investor, who predicted the 1999 commodities rally, also said he was still bullish about surging Chinese stock markets despite worries over a bubble.

Fears are growing over the health of the U.S. economy after the fallout from the subprime mortgage market crisis and the global credit crunch it triggered.

[Vincardog]

1. In other words the rePIGliKKKers have looted us for all we are worth.

[katty]

2. bingo

[tom_paine]

4. Oh no, I think there is MUCH more wealth to loot.

I mean, think about how large this country is and how large an aristocracy we already support.

Also think about the wealth represented by monetary value of crushing the 10-60% of the country more fully into the destitution and insanity that the 61-80% have now moved into and that, sadly the 81-100% have always lived in, only as our saociety bankrupts even their lot gets worse and worse now.

That's a lot of wealth still unlooted.

[shimbo]

3. Recession Meme

Recession Meme Revisited

http://www.realmeme.com/roller/page/realmeme?entry=recession_meme_revisited

A comparision of keyword count for "recession", 2001 versus 2007. I ran the original graph fourteen months ago when I first read Roubini's recession prediction. At that time, Google/Trends contradicted Roubini. But things change in a year and the keyword count looks surprisingly like 2000, just prior to the 2001 recession.

[DemReadingDU]

6. Roubini: Revisiting Predictions Made a Year Ago

10/24/07 Roubini: having a little more than a year passed since this blogger first made in August 2006 his call for a 2007 housing bust, financial turmoil, credit crunch and hard landing (recession) for the U.S. economy it is worth revisiting such a call.

This analyst still holds the view that the US will experience a hard landing that is already in the making and that could formally be in full swing by the beginning of 2008.

Indeed, a year later we have now seen the biggest housing recession in US history that is getting worse by the day, a collapse and total meltdown of the sub-prime market, the beginning of a massive credit crunch in near prime and prime mortgages and a massive episode of financial volatility and turmoil taking the form of a severe liquidity and credit crunch.

lots more...
http://www.rgemonitor.com/blog/roubini/222636

[Baby Snooks]

5. Recession?

You wouldn't know it from the stock market. The worse things get, the higher it goes. Them's that's got shall get...