World economy stabilizing: Krugman

You are such a tool.

"In some sense we may be past the worst but there is a big difference between stabilizing and actually making up the lost ground," he said.

The status quo satisfies you Alpine? You need that math problem SteveF never bothered to complete.

You need that math problem SteveF never bothered to complete.

hhhhhhahah

AR, man, between you and me, we give no breathing room to the stupid comments that seem to emanate from alpine or steveF. I am positive you and I are all for a positive GDP and diminishing unemployment, but there is a point when you have to realize that these things will not be achieved in the near future. We still have to deal with: rising unemployment, rising foreclosures, defaulting on CC's, and not to be out done, the fact that nobody is spending money.

Alpine -- you are still wearing diapers
they seem to leak,,,,,,,

joedavis , Hahahahah, "they seem to leak". shit (no pun intended) that made me laugh outloud (LOL)

chunder, i will admit that fighting the good fight against steveF and alpine wears on me. i can only do it in bursts, because it seems so senseless. but once in awhile a series of particularly assinine assertions will set me off for a good week or two.

if i slow down keep it up. sadly many of the people in this country are feeling once again bemused. if things are getting so much better why does life suck so badly? we owe them much more than platitudes and reassurances that the financial industry is doing better, thus life is destined to improve.

and you're right, i'll be ecstatic when i see a source of real growth, both here and globally. decoupling has been proven to be idiocy.

"if things are getting so much better why does life suck so badly?"

Because your a miserable person, which is why YOUR life sucks so badly.

Marc Faber: Capitalism Could Fail

Monday, May 18, 2009 11:41 AM

By: Dan Weil Article Font Size

Investment guru Marc Faber says the financial system must be cleansed to save capitalism.

"I think the final low in markets will occur when the system is cleaned out," Faber told CNBC.

Unless that happens, "the way communism collapsed, capitalism will collapse," he says. "The best way to deal with any economic problem is to let the market work it through."

He sees the Federal Reserve and other central banks continuing to print piles of money. And the outcome won’t be pretty.

"The U.S. government for sure will go bust,” Faber says. “That I guarantee you. Not tomorrow, but it will go bust."

He isn’t optimistic for the fate of the global economy either.

“I don’t think that the global economy will recover anytime soon,” he says. “And we have to define what a recovery is.”

If economic output drops far enough, a mere revival of inventories can push growth up a bit, creating a mild rebound, Faber says.

“I take 2006 and early 2007 as the peak of prosperity in this long cycle, and I don’t think we’re going back there anytime soon.”

Many other experts share Faber’s bearish view of the global economy.

“The debate will continue on whether it’s going to be a V, U or L-shaped recession,” former World Bank president James Wolfensohn said at a recent conference.

“My own judgment is that it’s more likely the latter. I don’t believe we’ll get a quick fix any time soon.”

woo hoo, no more capitalism!!! YEAH! I want to see Socialism. Hello free health insurance!

sod off.

Here's your health care.
http://www.youtube.com/watch?v=wd-EBG3a7jU

looks like the housing market has bottomed. From Seeking Alpha:

In New Jersey, finding short-sale properties is becoming difficult due to an increased number of buyers and bidders. The short-sale prices are around 10% lower than regular sale prices, **** but are higher than last year's short-sale prices. ****

**** denotes emphasis

http://seekingalpha.com/article/139433-have-home-prices-bottomed-by-now

gotta love the Florida short sales... 75% below peak prices!! If prices fall a bit more, I might be able to afford the Palm Beach mansion of my dreams :-)

AR,

What I also see here is that people are desperate for some good news, like rain in a drought. People perceive a comment as 'good news' & give that comment more weight than it deserves. Reminds me of my friend, who when we discuss the economy, says "but the restaurants are full".

Alpine, Seeking Alpha?

quoting from Alpine's source:

"Five months later, I did a survey of home prices in a few places in New Jersey, California, Florida and New York using sampling and discussions with people I know there."

Methodology you can take to the bank. Alpine, go buy in Florida, it's a grand idea.

Dwell, yes and they don't think about the fact that they only go out Thurs-Sat these days, and that everyone else is doing that too, so if they were to go on a Tuesday the place would be a tomb.

We are an optimistic bunch in this country, as a whole, and I think that we are prone to receive good news with a bit of exuberance after we've been down for awhile. Spring is a great time for good news, and the supposed green shoots.

> "In some sense we may be past the worst but there is a big difference between stabilizing and
> actually making up the lost ground," he said.

ROTFL.

What an idiot....