This just in...'no recession' (BS)

Joseph Tanious of JPMorgan Chase Asset Management:
"Recent economic data reinforces our belief that U.S. economy is not in a recession...The consumer is in fact coming back and starting to spend."

Reuters: "Consumer sentiment unexpectedly fell in October"

Geez, who writes these headlines??? Why would anyone expect consumer sentiment to rise??! RETAIL SALES ARE UP BECAUSE PRICES ARE UP!! Dumasses!

These Guys Should Know, Right? (Would they lie to you?)

General Electric, ExxonMobil and FedEx CEOs all say our economy may slow down but will likely avoid an outright double-dip recession.

Meanwhile, sole-proprietor Deef Fourjay GUARANTEES a "new" recession!

Who you gonna believe?

You Might Be a Recession; if...

Found NASDAQ site article with 4 signs that
"You might be a recession":

-If your S&P 500 average falls below 950...
Hit "floor" of 1100 Oct 4th;
-If your oil futures fall below $70/bbl...
Closed Oct 4th at $75.67; over $78.
-If your Copper price falls below $2.50/lb...
Oct 5th just above lowest 2.99 at 3.10/lb
-If your Cotton falls below 60 cents a pound...
Oct 5th up from low 94 cents to over a dollar.

This appears to be a very conservative assessment; I believe we'll be in a recession again by summer, due to sluggish sales, flat-to-worse housing market, and of course double-digit unemployment.

(ONLY) The Rich Get Richer!

Productivity has risen steadily over the past three decades, while overall wages have barely changed. However, the nation’s wealthiest have seen their income ALMOST DOUBLE.

Initial jobless claims UP

Labor Department reported initial claims for jobless benefits rose to 428,000 last week. As MSNBC.com says, "the increase could raise concerns that layoffs are rising." Ya think??

Bernanke is CLUELESS

Said he is 'surprised' consumers are being so cautious. Hmm... why would we be so cautious with such encouraging signs in the economy ; like no new jobs, price jumps in gas and food, and a spastic financial and equity market?? He's freakin' CLUELESS because he lives in a DIFFERENT WORLD where you never go broke, lose your house or can't pay your bills!!