Ron Paul: Stimulus Packages Will Turn Recession Into A Depression

[Naked Gents Rut]

I'm not particularly optimistic.

Who cares what you think? Professional analysts don't see the recession lasting past 2010.

The exceptions, primarily energy and health care investments, are things we desperately need to do anyways.

If these investments are so desperately needed, there should be no difficulties in approving them in a different bill.

[Velociryx]

Now, now Ramo...why do you hate America?

-=Vel=-

[Ramo]

Professional analysts don't see the recession lasting past 2010.

Who cares what "professional analysts" (only the guys you read, apparently) think? There isn't nearly enough data for the models to be robust.

[Felch]

Interestingly, I don't recall any such outrage from those folks during the 8 years of the Bush administration, during which time the size of the government was greatly expanded.

Drake's right. Only the retards of the right supported Bush by the end. Sean Hannity and such.

[Naked Gents Rut]

Who cares what "professional analysts" (only the guys you read, apparently) think?

If you don't care what the Fed thinks, there's really no point talking to you about this.

[Velociryx]

Who cares what you think? Professional analysts don't see the recession lasting past 2010.

Would those be the same Professional analysts who didn't see the current crisis coming, or some other brain trust?

[Velociryx]

Felch - specifically, I was referring to 'poly, and the relative lack of discussion and outrage here re: the expansion of government. Admittedly, I wasn't watching the threads every day, which is why I said "I didn't recall" rather than make an absolute statement.


Edit: Note the word "here" in the first sentence - I'm aware of at least some level of protest in the wider world, but not nearly as much as was warranted, IMO

[Ramo]

If you don't care what the Fed thinks, there's really no point talking to you about this.

If you believe what the Fed thinks without question, there's really no point talking to you about this.

[Naked Gents Rut]

I never said I believed them without question. I do care what they have to say, however, which you claim not to.

[The Mad Monk]

How are we funding all this again? With the worldwide nature of this downturn, I really don't know who will be buying all these t-bills.

[Ramo]

I never said I believed them without question. I do care what they have to say, however, which you claim not to.

My statement was obviously flippant.

With the worldwide nature of this downturn, I really don't know who will be buying all these t-bills.

Anyone trying to find a safe investment (which happens to be a fair number of folks).

[The Mad Monk]

Who cares what you think? Professional analysts don't see the recession lasting past 2010.

Would those be the same Professional analysts who didn't see the current crisis coming, or some other brain trust?

There are those who saw this coming two years ago, but they weren't listened to.

Oddly enough, they're the same ones who doubt the efficacy of government intervention now.

[Velociryx]

Oh, of course there were. A handful. And you're right, they were all but laughed off the sets of all the networks they managed to get some coverage on. But a very large number of "Professional Analysts" didn't have the first clue, and were caught completely by surprise. The vast majority, in fact.

Which is why I was asking the question.

[Naked Gents Rut]

Anyone trying to find a safe investment (which happens to be a fair number of folks).

Not anymore...

Last Thursday, an $30 billion auction in five-year notes failed to stir the interest of traditional primary dealers. The auction itself was saved by an anonymous “indirect” bid.

Buyers are discouraged by the prospect of what is expected to amount to $2 trillion total issuance for the full year of 2009. The further out the maturities on notes, the more bearish the sentiment towards them. The only way to entice buyers is through the increase in yields.

But with yields at 1.82 per cent, five-year notes were met with a demand for 1.98 times the amount offered - the lowest bid-to-cover ratio since September. A sell-off in treasuries began in earnest upon the conclusion of that auction.

http://seekingalpha.com/article/118103-u-s-debt-default-dollar-collapse-altogether-likely

[Arrian]

TMM - those of whom you speak, who doubt the effacy of gummint intervention... what have they proposed? Hoover 2.0? More tax cut Deus Ex Machina?

-Arrian