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Bond Expert Gundlach: Double-Dip Recession Coming

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posted on Jun, 24 2010 @ 07:40 AM
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Bond Expert Gundlach: Double-Dip Recession Coming


www.moneynews.com

Bond expert Jeffrey Gundlach emphatically believes we're headed for a double-dip recession.

The co-founder and CEO of DoubleLine Capital LP, a Los Angeles-based bond fund manager, said the U.S. government will move to increase taxes next year in an attempt to balance the budget and alleviate the national debt of about $13 trillion. The downside to that, however, is it will hammer the fragile economic recovery and push economic growth back into negative territory.

(visit the link for the full news article)




posted on Jun, 24 2010 @ 07:40 AM
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A lot of experts are warning about a looming recession, in addition to the one we are currently in. It's getting to the point that we would have to be a fool to dismiss these warnings. In fact, the only people who seem to say otherwise, is the Fed Res and the government, both of whom are expected to lie to us. The Fed Res is going to lie because not only is it their job, but also because they are trying to keep the false perception of our monetary system afloat. The government on the other hand, lies to us because they don't want to have to make any effective changes, for fear of pissing off their corporate sponsors. So, the only people telling us that all is okay, are the very people who have every motive to lie to us about it. Get ready!

--airspoon

www.moneynews.com
(visit the link for the full news article)



posted on Jun, 24 2010 @ 07:47 AM
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Sadly this is not surprising news at all

I foresee a LOT more people losing their houses, small businesses, and way of life over the next couple of years. Things are getting rather dire, and those who are able to hold onto their jobs and are making a decent living are going to be the lucky ones.



posted on Jun, 24 2010 @ 08:03 AM
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Sounds like a good time for Bernenke to turn the feds money machine on, off the record, like he admitted to doing with some $1 trillion

I am believing, they, the feds are using globalization to crash the american system and way of life, its not just greedy bankers by themselves. INtoduction of socialism, The builderberg way. Police in many states have hassled, beaten, tortured, violated human rights and illegaly arrested this nations own citizens....as long as people let this happena nd dont fight back, it will all simply become a way of life, THEIR satisfaction. complete submissive control over us all.
Why do you think we have human rights, citizen rights here in the states. people fought for it! no one fights for anything anymore.
It dosnt suprise me either, a 2nd crash or recession most likely comes. too many retail stores have illgal immigrants, instead of legal citizens filling the slots. That hurts the economy. People like maddoff, stole money from the system, for granted the found a way to schem it, which you have to admire, in order to get ahead...but it hurst YOU and me in the long run. along with obamas health care, if more jobs will be lost, whats the point of enforcing something so many cant afford at a terrible point in time mr. president? to make sure people stay poor*



posted on Jun, 24 2010 @ 08:04 AM
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This is a prime example of keeping your ear to the tracks, so to speak. Those who have an interest in "Knowing" have their ear to the tracks and they can hear the train coming. The others... well, let's just say that ignorance is bliss - at least it might be for now. I'm not an economist, in fact, I'm not even close to being an economist yet even I can see that the forest IS the trees! There is no level of federal propaganda that will force me to believe otherwise.

Take these simple facts, ad them up and tell me the sum. Zero job growth and job losses continue to mount. Housing market continues to find ways to decline. Credit and lending almost non-existent. Keynesian type stimulus spending putting sovereign debt waaaaaaay over the limit. Net incomes DECREASING. State and municiple budgets crumbling. Commercial real estate is approaching a crash. Inflation of essential household expenses; food, medical, utilities etc... The sum of the above equation is less than negative! All signs point to another decline - this one, I fear, being much greater than the first round.

My advice to people is to learn a skill or a trade that will be beneficial for the community once the wheels finally come off the wagon; farming, sewing, construction, animal husbandry, healthcare, etc... These are ultimately going to be the only jobs left when this thing hits bottom. I fear we are not too far away.



posted on Jun, 24 2010 @ 10:26 AM
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reply to post by kozmo
 


What would it take to establish our own colony/village and we all work together to produce for our own consumption. Those that are good in defense show us how to fight back and we help each other to learn from one another how to be efficient in doing different things. Just an idea for survival in times what we perceive to be coming. Communism cannot work so is capitalism. We should be working on the principal of socialism or something in between.



posted on Jun, 24 2010 @ 11:11 AM
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reply to post by charlie0
 


I like your idea, however I don't like the "socialism" part. What would work and what would ensure maximum freedom and liberty, is true capitalism, driven by an open, free and decentralized market in the likes of Austrian economics. The point being that you don't want force initiated against you. With socialism, force would be constantly applied against you, pretty much making liberty non-existent. With true capitalism under an Austrian economic system, force should never be applied against you. Your own free will is what will guide your own life, for better or worse. If you want to be rich, you go ahead and do that, if you don't, you go ahead and do that. You pull your own weight and you should never have to pull the weight for someone else, unless you decide to do it. You should have maximum liberty to do as you please, as long as your liberty doesn't impede on the liberty of others.

The problem with our current brand of "capitalism", besides being Keynesian, is that it is not a free market and their is rampant favoritism. Force is applied against us all of the time and liberty is non-existent. We pull the weight of others all the time, which equates to force being initiated against us. Laws are passed that force us to patronize certain companies. This is the favoritism shown, between government and certain corporations or interest groups, which makes a free market impossible.

Further reading on Austrian economics: www.mises.org...

Also, there is a movement in New Hampshire called Free State Project or FSP.
The Free State Project is an agreement among 20,000 pro-liberty activists to move to New Hampshire, where they will exert the fullest practical effort toward the creation of a society in which the maximum role of government is the protection of life, liberty, and property. The success of the Project would likely entail reductions in taxation and regulation, reforms at all levels of government, to expand individual rights and free markets, and a restoration of constitutional federalism, demonstrating the benefits of liberty to the rest of the nation and the world.

Basically, what they are trying to do, is tip the voting scales in that small state by getting liberty loving Americans to move there. Then, by enforcing the 10th Amendment of the Constitution, they would get the federal government to but out of their lives. So, if they can tip the voting scales in that state, they can bring freedom and liberty to their area. You should read about the project from the link posted up top.

--airspoon



posted on Jun, 24 2010 @ 11:15 AM
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reply to post by charlie0
 


Great question, Charlie!
The answer is that NONE of those systems would work; not socialism, communism nor capitalism. History has demonstrated that each one of those have serious flaws. Nope, the answer lies within each one of us indiviudally and what we are personally prepared to do to further our own comunities. The reality, IMO, is that EVERYTHING should be run at the community level and each person is a equal shareholder in that community. The Americans Indians have made that their way of life for thousands of years - and it works!



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