The Survival Podcast Forum

Finance and Economics => The Money Board => Economic News, the Global Economy and all Things Monetary => Topic started by: swanson on April 10, 2009, 10:21:08 AM

Title: President Barack Obama says the economy is starting to show "glimmers of hope."
Post by: swanson on April 10, 2009, 10:21:08 AM
Does this guy truly believe what his teleprompter is telling him to say or what?

swanson

WASHINGTON (AP) - President Barack Obama says the economy is starting to show "glimmers of hope."

http://www.breitbart.com/article.php?id=D97FN1AO0&show_article=1 (http://www.breitbart.com/article.php?id=D97FN1AO0&show_article=1)

Obama commented Friday after meeting with members of his economic team, including Treasury Secretary Timothy Geithner (GYT'-nur), economics adviser Larry Summers and Christina Romer, chairman of the White House Council of Economic Advisers.

(please click link for full article - post was edited by Alpha Mike, in accordance with DMCA rules and regulations)
Title: Re: President Barack Obama says the economy is starting to show "glimmers of hope."
Post by: KyFarmer on April 10, 2009, 10:29:21 AM
I'm bald as a cue ball - but I think my head was showing a glimmer of hair this morning.  Maybe things are turning around for me too!
Title: Re: President Barack Obama says the economy is starting to show "glimmers of hope."
Post by: Ultio1 on April 10, 2009, 12:58:37 PM
LOL!
Title: Re: President Barack Obama says the economy is starting to show "glimmers of hope."
Post by: chris on April 10, 2009, 01:47:56 PM
He's riding the sugar high one gets from a really big glass of the govt kool-aid.
Title: Re: President Barack Obama says the economy is starting to show "glimmers of hope."
Post by: OJ on April 10, 2009, 06:22:30 PM
When I see the light at the end of this particular tunnel, the first thing I'm gonna do is make DAMN sure I'm not standing on the tracks....
Title: Re: President Barack Obama says the economy is starting to show "glimmers of ho
Post by: swanson on April 10, 2009, 06:25:02 PM
As Gerald Celente is predicting.

Any 'recovery' based on the stimulus packages is going to be completely a 'false flag recovery'...

swanson
Title: Re: President Barack Obama says the economy is starting to show "glimmers of ho
Post by: KyFarmer on April 12, 2009, 05:42:59 AM
As Gerald Celente is predicting.

Any 'recovery' based on the stimulus packages is going to be completely a 'false flag recovery'...

swanson
I'm hoping for a nice "idiot bounce" up to about 10,000.

Thoughts?
Title: Re: President Barack Obama says the economy is starting to show "glimmers of ho
Post by: swanson on April 12, 2009, 06:24:54 AM
Kyfarmer,

Here's my incredibly biased opinion....

The market may just recover that far, but I can only imagine the plummet once this pseudo bubble bursts.

With the IMF playing around the way they are after the G20 meeting and China holding an ax over our head with 1.954 trillion in foreign exchange reserves, our economic scene as a whole is bound to get a serious smack down.

There's not a safe bet anywhere in sight these days.

swanson
Title: Re: President Barack Obama says the economy is starting to show "glimmers of ho
Post by: Tommy Jefferson on April 12, 2009, 09:12:19 AM
There's not a safe bet anywhere in sight these days.

Ahh, but there is.  ;D

(http://www.assembly.gov.nt.ca/_live/images/rad/symbols/gold.jpg)
Title: Re: President Barack Obama says the economy is starting to show "glimmers of ho
Post by: swanson on April 12, 2009, 09:15:58 AM
What's the old saying?

I think it's...

"Guns and Butter."

 ;D

Title: Re: President Barack Obama says the economy is starting to show "glimmers of ho
Post by: KyFarmer on April 13, 2009, 05:57:09 PM
Kyfarmer,

Here's my incredibly biased opinion....

The market may just recover that far, but I can only imagine the plummet once this pseudo bubble bursts.

With the IMF playing around the way they are after the G20 meeting and China holding an ax over our head with 1.954 trillion in foreign exchange reserves, our economic scene as a whole is bound to get a serious smack down.

There's not a safe bet anywhere in sight these days.

swanson
It gets to 10k and I'm getting fully out and buying more dirt.
Title: Re: President Barack Obama says the economy is starting to show "glimmers of hope."
Post by: dudekrtr on April 13, 2009, 08:37:18 PM
I'd LOVE to see 10k, since that would mean gold would probably get knocked down to about $600, and I would be heading down to the local gold store!  ;D ;D ;D
Title: Re: President Barack Obama says the economy is starting to show "glimmers of hope."
Post by: jarhead on April 14, 2009, 12:49:35 AM
No "glimmers of hope" here in Massachusetts.  Layoffs are all over the news and higher taxes for all of us here.  Oh wait, I forgot that my governor is Obama's close friend and they have been known to plagiarize each other. 
http://www.youtube.com/watch?v=xBmGxDOxzeQ (http://www.youtube.com/watch?v=xBmGxDOxzeQ)
Title: Re: President Barack Obama says the economy is starting to show "glimmers of hope."
Post by: Ultio1 on April 14, 2009, 10:20:03 AM
Thats good for the nearly ONE MILLION people that got laid of last month..
Title: Re: President Barack Obama says the economy is starting to show "glimmers of ho
Post by: Stein on April 17, 2009, 02:44:48 PM
Ahh, but there is.  ;D

(http://www.assembly.gov.nt.ca/_live/images/rad/symbols/gold.jpg)

True, but gold is down from $1,000 to $866 and headed south as I type - closing in on the prices last seen in 1980.  "Safe" is a relative term, and volatility must be expected no matter what you are in.
Title: Re: President Barack Obama says the economy is starting to show "glimmers of hope."
Post by: chris on April 17, 2009, 04:31:35 PM
Excellent buying opportunity.