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15 Signs That You Better Get Prepared For The Obama Recession of 2013

Economic Collapse Blog | January 31st, 2013

You better get ready, because there are a whole host of signs that economic trouble is on the horizon. U.S. economic growth slipped into negative territory during the fourth quarter of 2012. That was the first time that has happened in more than three years. Several important measures of manufacturing activity have also contracted in recent weeks, and consumer confidence is way down. There is a tremendous amount of economic pessimism in the air right now, and Americans are pulling enormous amounts of money out of our banks and they are buying up precious metals at unprecedented rates.

Meanwhile, our "leaders" seem very confused about what is happening. For example, Senate Majority Leader Harry Reid continues to insist that we are "in a recovery", and some other Democrats are calling the latest GDP numbers "the best-looking contraction in U.S. GDP you'll ever see".

On the other hand, the Federal Reserve says that economic growth has "paused" in recent months, and therefore a continuation of their latest quantitative easing scheme is necessary. Well, no matter how hard any of them try to spin the numbers, there is no way that they are going to get them to look good.

Despite four years of outrageous "stimulus" spending by the federal government, despite four years of record low interest rates, and despite four years of unprecedented money printing by the Federal Reserve, the U.S. economy continues to perform miserably. Later this year the federal government will probably finally acknowledge that we have entered another recession, even though the truth is that if the federal government used honest numbers they would indicate that we are already in one.

In any event, nobody should have ever expected that our debt-fueled prosperity would last forever. When the debt bubble that we have been living in completely bursts, a "recession" will be the least of our worries.

Read more: http://theeconomiccollapseblog.com/archives/15-signs-that-yo...



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Obama recession?

Your almost awake...Keep on learning...

Bad food, worse weather, please rEVOLution the states so I can bring my family back home!
Rosa Koire for for President!

I hate terms like "Obama

I hate terms like "Obama recession" and "Bush's wars"

They imply that the other major party or candidate would have done something different and meaningful. Obama clearly likes war as much as Bush. Romney and his just-for-fun $2trillion in extra pentagon spending would have enjoyed perpetual debt as much as Obama.

Replacing one statist central planner with a different statist central planner does nothing. It is the central planning itself that is the problem.

That being said, I can't argue with the 15 reasons in the article, except that I think they will lead to a global depression rather than a mere recession.

Sorry, computer freeze and I

Sorry, computer freeze and I clicked save again thinking it was stuck. If I knew how to delete this comment I would.

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#13 "the Sandwich Generation"

#13 According to a new Pew Research study that was just released, one out of every seven adults in the United States is financially supporting their kids and their parents at the same time. Pew Research is calling it "the Sandwich Generation".

Statistically, if true, this is much worse than it first appears.

Assuming that the "kids" are adult (because otherwise it wouldn't be news). Since this suggests also that the kid and the grandparent are not supporting themselves, that's 9 people of 21 that are at issue. (21 is the denominator 7 times the 3 generations; 9 is the 3 generations of 1/7th of 21).

This means that 3 out of 7, or 42.8% of families are tied to a single income.