sfpcjock
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Wed Sep-07-11 06:48 AM
Original message |
The Pimpco Bonds CEO said if Congress doesn't act soon, the US will go into recession |
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He told NBR that the 50/50 odds will become a double-dip recession
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Orrex
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Wed Sep-07-11 06:57 AM
Response to Original message |
1. If only we had a trillion dollars stockpiled in the hands of corporations & waiting to be spent |
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I mean, if they had such a remarkable resource, surely they would crack open their wallets and actually participate in the economy, rather than relying on the spending power of an underemployed and underpaid middle class, right?
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iemitsu
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Wed Sep-07-11 07:49 AM
Response to Reply #1 |
8. in a world that made sense the wealthy would chip in |
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and get the economy going but.... and please don't call me shirley.
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TBF
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Wed Sep-07-11 07:00 AM
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2. Fuck these guys. Time to tax the rich and get our economy moving - |
newfie11
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Wed Sep-07-11 07:17 AM
Response to Original message |
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:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:
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rfranklin
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Wed Sep-07-11 07:35 AM
Response to Reply #3 |
4. We never got out of it...just because corporations have record profits... |
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doesn't mean the rest of America is recovering. As a small business owner I have seen no improvement in the last two years. In fact, business has gotten much worse.
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newfie11
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Wed Sep-07-11 12:44 PM
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9. I agree, thats why I was laughing. n/t |
SpiralHawk
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Wed Sep-07-11 07:43 AM
Response to Original message |
5. the PimpCo Dude (R) looks like a Double Dip |
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Edited on Wed Sep-07-11 07:43 AM by SpiralHawk
...I'm just saying...
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sfpcjock
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Wed Sep-07-11 07:45 AM
Response to Reply #5 |
6. You didn't watch it, Hawk, I can tell. |
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Edited on Wed Sep-07-11 08:11 AM by sfpcjock
No, he looks like a dip but he's actually kind of cool. He's just totally convinced that the US is going into the pot unless, and only unless Congress acts, "soon", as he says. Watch it.
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HughBeaumont
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Wed Sep-07-11 07:46 AM
Response to Original message |
7. You only WISH you had a mustache as glorious as El-Erain's!!1!! |
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:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:
El-Erain is like our mascot . . . he's on CNBC literally every third day. Compared to the fascists that stench up that station daily, he's probably what they call a "moderate", but we all know better.
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DU
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Tue May 07th 2024, 11:23 PM
Response to Original message |