California's Recovery (Musical Tribute)
September 16, 2009Forecast: State's Recovery Pushed to 2011California’s economy will continue to shed jobs at a rapid rate through the rest of this year and the job picture will remain flat for 2010. Growth will only resume in 2011, according to the latest UCLA Anderson Quarterly Forecast to be released early Wednesday.
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4 comments:
Stag,
You've GOT to see this. Ken Fisher in rare form:
http://finance.yahoo.com/tech-ticker/article/334648/Too-Much-Debt--Please.--We-Need-MORE-Debt-Says-Ken-Fisher;_ylt=AgpHhicoo6ip_b7hij4v17G7YWsA;_ylu=X3oDMTE2MnVtODhjBHBvcwMxMARzZWMDdG9wU3RvcmllcwRzbGsDdG9vbXVjaGRlYnRw?tickers=tlt,tbt,spy,dia,%5Egspc,udn,uup&sec=topStories&pos=8&asset=&ccode=
Apparently, people are losing their homes and declaring bankruptcy in record numbers because they are under-indebted. Who knew?
I don't know if Ken Fisher has looked lately, but our return on assets was ~ negative $12 trillion last year!
The scary part is, if we don't grow the debt exponentially, the system dies - abruptly.
We are screwed.
mab,
That guy drives me nuts. I ALMOST heckled his thoughts yesterday!
http://www.bloomberg.com/apps/news?pid=20601080&sid=axdqhiDcbxCg
“The bigger and uglier the bear market, usually the bigger the V,” Fisher, who manages $28 billion as chief executive officer of Fisher Investments Inc. in Woodside, California, said in an interview in New York. “A normal V-shaped recovery lasts one year, and the current rally started in March.”
What is normal about this recession?
Let's say he is right though. Any thoughts on what he'll be saying when the one year is finished? Will he turn very pessimistic and tell us all to sell? How about in 5 more years? What will he be saying then?
Here's a glimpse of what he might say, since he actually said it last week.
Ken Fisher: Buy Fossil Fuels
http://moneynews.newsmax.com/streettalk/fisher_fossil_fuels/2009/09/09/257937.html
“If you want your air conditioner to work in 2014, you'd better hope that more fossil fuel plants get built.”
Yeah, I kind of want my air conditioner to work in 2014. I'm silly that way. I wonder what will happen to our economy if my air conditioner doesn't work in 2014. I wonder.
Honest to God. If I want my stomach turned all I have to do is google "Ken Fisher". I've done it twice in the last week. I must be a glutton for punishment.
More debt as the solution, well at least Fisher is on the same page as the FED, too bad its the last page of "American Empire". Boys, let us know what's the enxt step after the words "The End".
LMAO, that guys comments today were a real belly bender.
GYSC,
"The End"
What comes next? I know this one!
Friday the 13th
Friday the 13th Part 2
Friday the 13th Part III
Friday the 13th: The Final Chapter
That's when it ends clearly.
*long dramatic pause*
*humbly look down at shoes while whistling*
"Friday the 13th: A New Beginning"
"Friday the 13th Part VI: Jason Lives"
"Friday the 13th Part VII: The New Blood"
*you are here*
"Friday the 13th Part VIII: Jason Takes Manhattan"
Oh oh.
"Jason Goes to Hell: The Final Friday"
In a handbasket. That's what I'm talking about.
"Jason X"
"Freddy vs. Jason"
"Friday the 13th (2009)"
And the economic cylce is complete!
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