Another Recession in 2015?

[JeffreyS]

Fsquid give it up or pick another battle, on the economy just give a quiet  thanks to Obama or at least ignor the subject. China (crisis) , Russia (bigger crisis),Brasil (broken), Japan (suffered natural, nuclear and Ecconomic disaster), half the EU (spiraling down), the other half ( floundering trying to help) and the USA (shaking them off like speed bumps while moving forward). 

[finehoe]

It is all the "Evil"Bank's fault? Sorry- I don't agree.

Read this for a comprehensive bankster fraud tally:  http://twistedeconomix.com/2015/08/27/a-comprehensive-bankster-fraud-tally/

[spuwho]

It is all the "Evil"Bank's fault? Sorry- I don't agree.

Read this for a comprehensive bankster fraud tally:  http://twistedeconomix.com/2015/08/27/a-comprehensive-bankster-fraud-tally/

This line in the web screed you reference says it all:

After a fraud is discovered, banks, their corporations, and their vassal governments collude on fake settlements for which they are fined mills on the dollar; then, the pattern is repeated, thus fraud is the business model:

Governments allow themselves to be vassals as long as it permits one to stay in power. If they cross the line in such a way that it threatens that power, that "vassal" role will stop and become reversed.

[finehoe]

Because we still have an unashamed cadre of quack economists and their ideologically blind followers blaming the victims,  prescribing harsh punishments for the weak, laying all the blame on 'government' and not corrupt officials on the payrolls of Big Money, and giving the gods of the market and their masters of the universe a big kiss on the head, and expecting them to just do the right thing the next time out of the natural goodness of their unrestrained natures the next time.  What could go wrong with that?

[spuwho]

Not sure its that complex...really it comes down to 1 component, greed.

Pulling $500k in trading bonuses is not enough.....they want more and lack of ethics drives them past the edge.

Hitting 30 home runs a year isnt enough, gotta take roids to hit 60.

Getting re-elected isnt enough, I have to break in to the oppositions HQ and plant bugs.

The list goes on. The mortgage bust, LIBOR manipulation, all of it is part of the concept of greed.

[mtraininjax]

The currency devaluations in Malaysia and Brazil as well as other European countries are troubling because their exports are more expensive coming to the U.S. and so fewer people will be buying them. Any country that has a major % of its GDP tied to commodities, especially oil, is really going to struggle the next few years. Even the U.S. is bumping along at 2-3% growth, about the same as inflation.