Do you believe the hype of a second recession?

Theres a world beyond our shores and the economic news coming from it has been pretty dismal.

As far as business as usual goes this year has been my best year ever and my business has been improving steadily for the last 4 years. I lived hand to mouth during the supposed boom years that came before.

Everyone with the exception of government or state workers have a "stock based retirement". Federal and state workers will get their retirement directly from the people.

If this is a recovery it certainly does not feel like one. I am lucky enough to have a job so I personally am not much affected by the current financial situation but I have friends and neighbors who are and have been for a while now.

Why would their be a "back lash against the physical tea part conservatives"? How did they cause a recession?

As for another stimulus, they have been a bust for us and with the more than unfriendly receptions that we are receiving in China... who will fund such a stimulus? It is starting to look like China has lost all patience with the US.

One more note... there is very little made in the USA, between the EPA regulations and "fair" trade agreements factories have closed, literally. Also with the dollar in trouble people have little choice but to buy cheaper products which means products made in China.

Yes I do, regardless of what the idiotic Tea Baggers say. We are in for a double-dip recession most likely. The reason is not the government spending, or the non-existent hyperinflation like the Baggers claim, but because none of the economic conditions have changed, and the stimulus was too small.

Paul Krugman and other left-leaning economists had it exactly right as even the far right wing Wall Street Journal was forced to acknowledge last week. The stimulus was too small, and relied too heavily on tax cuts which are a bad stimulus under any conditions. Krugman's prediction was that it should be larger with less tax cuts, and that failing to make it larger would lead to minor growth which would stall after a year and a half to two years and require another stimulus. His analysis was that it would be impossible to get another stimulus essentially because Republicans are economically illiterate (in the words of the Economist magazine), and would fight him on political grounds. He said it would be either very slow growth, or a possible double-dip. He was 100% right obviously.

Its not hype china is slowing down and running up debt the markets need a new safe bet investors are cautious when it comes to the usa their trying to force the european union to federalize so investing in europe is safer (the assumptuion being that germany would be gaurantor on any eurozone debts) but the eurozone governments particuarly germany dont like the idea and us brits are trying to force a federal eurozone (eurozone being the core eu states who use the euro) because some people here dont want the uk to be to the eu what texas is to the us. And while investors confidence ebbs away the economies of france germany italy and the uk are slowing down. basiclly the world is being held to ransom.

Well thats because the economy hurts as a whole..individually its pretty manageble..

You only speak for yourself..Maybe your area wasnt hit as hard but trust me the current state of the economy has left many jobless..In fact I was just reading today about a homeless man who lost his job and had a masters degree.

So what if they have money? You obviously dont know how this government works..

I think we definantly need a new president..One who doesnt care what the Reps or Dems have to say..Only the American people..but Ima keep dreaming..

No. We're in a depression because a recession doesn't last 3 yrs. This is being hyped because when 0bama returns from vacation, he's going to push for another stimulus and QE3.

Swamp's wrong. It isn't Europe, but Goldman-Sachs. They own Standard and Poor's which downgraded Italy's credit rating same as ours. The Italian police raided their offices this month and they are accused of toying with the market to create this chaos.

Golman-Sachs...That name keeps coming up...the housing market crash...the Gulf rig explosion...There's 27 Goldman-Sachs execs in the 0bama admin...Sarkozy wants a Goldman-Sachs exec to head the EU monetary fund...

Greece thinks S&P monkeyed around with some short sell bonds to crash their market.

Kind of a statement rather than a question but here goes........Second recession, yes, 373 filibusters, 45 bills held up in committee Washington is in gridlock. When nothing good gets passed, only bad happens. Walmart is noting a decline in US customers who are tapped out, now shopping at dollar stores. The Wealthy are getting expodentially wealthier, 25% of every dollar earned in the USA goes to the top 400 families. The Robber Barons are back. Yes ATTACK ads work and without a fair and balanced media the worst things are being said and distorted.

The TEA PARTY is a cancer on America they will attempt to destrpy America but they do not understand the implications of neo-con wing-nuts running the country.

I'm doing fine. I just buy up cheap stocks when all the chicken littles are running around in a panic.

I don't feed into any of the wall street drama. Because in the end, I'm going to be doing the same thing everyday. I'm still going to fill up my tank if gas prices rise. I'm still going to work and take care of my daughter. I think people feed into it too much and think all of a sudden everyone in america is going to be living in tents, and we aren't.

Wow, let me guess...you come from a place called Rainbow Butterfly Unicorn Village, right?

There's no other explanation for you...if this is what you really believe.

It's ...like...the complete OPPOSITE of reality...how did you manage that?