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If Obama Wins Who Would Prevent Collapse?

aloneinmichigan Wrote: Sep 07, 2012 9:28 AM
The "29 crash" (simple version) was primarly due to a reduction in the money supply by 30%. Depression, caused by bad monetary policy. Run on the banks. Watch and see what the Fed is going to do. Add more worthless money (bad monetary poicy) and you will see inflation. Basic economics. Go back and see what happened in Germany after WW1. And we have an in over his head President. Good luck and good night. Its over.

The economy can’t recover until housing recovers, and neither can recover until the labor market recovers.

From Credit Suisse compliments of ZeroHedge.com:

[This measure of labor demand suggests businesses have become a lot less willing to hire in the last two months. Jobless claims in recent months are not showing a deteriorating picture for the layoff side of payrolls, but help wanted online ads are showing weakness on the hiring side.

Biggest two-month drop since the recession three years ago. Help wanted online ads posted a second straight triple-digit decline in Aug after Jul’s big drop. Importantly, new ads accounted for...

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