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Hussman: US Likely Entered
into a Recession in Mid-2012

Money News, by Forrest Jones

Original Article

Posted By:Scottyboy, 10/1/2012 11:42:12 AM

The U.S. economy likely slid into a recession during the middle of 2012, said economist and fund manager John Hussman. The U.S. economy officially grew 1.3 percent in the second quarter and 2 percent in the first quarter, but such assumptions are made with backward-looking indicators, or those that capture events that have already happened. Leading indicators, which point to where the economy is headed, paint a different reality. “In regard to a U.S. recession, keep in mind that the consensus of economic forecasters —

Comments:
Hussman is the guy credited with predicting the 2008-09 recession.

      

Reply 1 - Posted by: Lcomstaff10, 10/1/2012 11:48:00 AM     (No. 8902099)

Not an approved news site


Reply 2 - Posted by: lylacat, 10/1/2012 11:58:56 AM     (No. 8902136)

We have been in a recession for quite some time. 0bama and crew add in all the finance charges people pay on their credit cards to inflate the GDP; if anything, this should be a negative, as people are not buying things with this money. I have never known so many people out of work or under employed in my whole life. I am watching the price of my groceries and gas sky rocket. Yes, I would say this is definitely a recession.


   

 

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Thread Closed


Below, you will find ...

Most Recent Articles posted by "Scottyboy"

and

Most Active Articles (last 48 hours)




Most Recent Articles posted by "Scottyboy"



Sydney Leathers takes Anthony Weiner
sext scandal to the bank, does porn
Fox News, by Staff    Original Article
Posted By: Scottyboy- 8/5/2013 9:23:12 AM     Post Reply
A week ago Anthony Weiner’s sexting buddy Sydney Leathers told Howard Stern she was considering an offer to do a porno. Vivid Entertainment CEO Steven Hirsch then confirmed they were the ones behind the proposed deal. “We have offered Sydney several options,” he said, “but as of now no agreement has been reached. We hope to get a deal done with her soon." America, that deal is closed. Leathers has become the latest sex scandal sensation turned porn star. Vivid posted a video interview and excerpts from the porno on its website.

In mood for fiction? Wait
for new projects on Hillary
Boston Herald (MA), by Holly Robichaud    Original Article
Posted By: Scottyboy- 8/5/2013 8:42:31 AM     Post Reply
When did the Clintons become the Kennedys?Just what the world needs is not one, but two movie projects on the so-called virtues of Hillary Clinton. Has Obama set the bar so low that Hillary looks like a good alternative?With left-wing Tinseltown celebs in the Clintons’ back pocket, the chances of her scandals being included in the CNN film and the NBC miniseries now in the works are slim and none. The film either will be the best example of revisionist history during our lifetime or a two-hour episode of “The Twilight Zone.”Whitewater will be whitewashed.

Poor attendance at
Obamacare event in Virginia
Politico, by Kyle Cheney    Original Article
Posted By: Scottyboy- 8/4/2013 5:41:02 PM     Post Reply
CENTREVILLE, Va. — A race to define Obamacare to the masses began today between the stacks at the Centreville Library. Over pizza in Decatur, Texas. And with a glass of wine in Naples, Fla. Dozens of communities around the country hosted pro-Obamacare events, convened by the president’s foot soldiers at Organizing for Action. (snip)That means gatherings like today’s in Centreville — although OFA organizers surely had something else in mind. After a scheduling snafu over the start time, a few people showed up and left before it actually started.

Michelle Obama
tweets birthday love
to ´grayer´ Barack
Agence France Presse, by Staff    Original Article
Posted By: Scottyboy- 8/4/2013 5:34:16 PM     Post Reply
Michelle Obama took to Twitter on Sunday to send her husband an affectionate birthday message -- and a gentle ribbing about the US President´s graying hair. "Happy birthday, Barack! Your hair´s a little grayer, but I love you more than ever," Michelle Obama wrote on her official twitter account, @FLOTUS. The message was accompanied by an undated black and white photo of the Obamas as a young couple relaxing on a sofa. Barack Obama is spending his 52nd birthday weekend at Camp David, the rural Maryland retreat made available to US Presidents. He was to return

   

 

  


 
Malaysian woman, 38, arrested
after Muslim outrage over video
showing her performing
religious rites on her dogs
Daily Mail (UK), by Mark Duell    Original Article
Posted By: Scottyboy- 8/4/2013 5:22:27 PM     Post Reply
A video showing a woman performing a washing ritual on her pets has been branded ‘anti-Islamic’. The controversial two-minute YouTube clip features dog trainer Maznah Mohd Yusof, 38, celebrating the Eid al-Fitr festival - known as Hari Raya in Malaysia, where it was filmed - washing her dogs’ legs. It also shows Maznah walking near a mosque and feeding biscuits to her pets and appeared on the Facebook pages of several Islamic non-governmental organisations, prompting police to take action. Maznah was investigated on suspicion of causing disharmony on grounds of religion and arrested last Wednesday and taken into custody

Foreign law bans in state courts
USA Today, by Kimberly Railey    Original Article
Posted By: Scottyboy- 8/4/2013 8:14:52 AM     Post Reply
A growing number of states are targeting what they see as a threat to their court systems: the influence of international laws. North Carolina last month became the seventh state to pass legislation barring judges from considering foreign law in their decisions, including sharia. The bill awaits the signature of Republican Gov. Pat McCrory. Six other states — Arizona, Kansas, Louisiana, Oklahoma, South Dakota and Tennessee — have already enacted similar legislation since 2010, and at least 26 have introduced such measures, according to The Pew Research Center´s Religion and Public Life Project.

Distracted, distant Obama worries
Democrats, White House aides
Capitol Hill Blue, (Floyd, VA), by John Weston    Original Article
Posted By: Scottyboy- 8/4/2013 7:58:15 AM     Post Reply
White House insiders say President Barack Obama is in “a funk” about what he sees as increasing stagnation and failures surrounding his second term and some worry that the President is becoming more distant and distracted. “He’s not the same Obama that came to the Oval Office after the 2008 elections,” a senior White House aided confided to friends in an email recently. “I’m worried.” Chicago Mayor and former White House chief of staff Rahm Emanuel tells friends that the Presidency has changed his longtime friend Obama and many of those changes are “not good.”

Obama Tees Off into Birthday
Weekend with Golf
Associated Press, by Staff    Original Article
Posted By: Scottyboy- 8/3/2013 12:23:43 PM     Post Reply
WASHINGTON - President Barack Obama is kicking off his birthday weekend with a round of golf at an Air Force base outside Washington. Obama turns 52 on Sunday. The president left the White House unusually early on Saturday for the trip to Andrews Air Force Base in Maryland to squeeze in some golfing time before heading to Camp David in the afternoon. The White House said there were three golfing foursomes, including Obama friends from Hawaii and Chicago, and current and former staffers.

Jay Z: Obama ´owes me a couple´
Politico, by Hadas Gold    Original Article
Posted By: Scottyboy- 8/3/2013 12:20:19 PM     Post Reply
Jay Z would want President Barack Obama to induct him into the Rock and Roll Hall of Fame, he said Friday. When asked by HBO’s Bill Maher on his show “Real Time” who the rapper would want to induct him when he’s eligible in seven years, Jay Z immediately said Obama. “It’d be alright. He owes me a couple,” Jay Z said. Jay Z also got serious on the show, saying that the problem with issues such as police “stop and frisk” tactics isn’t the police — it’s the widening income gap.

   

 

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GOP Turns ´War on Women´
Back on Democrats
U. S. News and World Report, by Rebekah Metzler    Original Article
Posted By: Scottyboy- 8/2/2013 3:17:37 PM     Post Reply
Republicans, seeking to take advantage of a string of high-profile Democratic politicians´ sex scandals, are taking a page out of their rivals´ political playbook and claiming Democrats have launched a "war on women." That´s the phrase Democrats effectively used in the 2012 election, which led to an unprecedented 20 point gender voting gap, with President Barack Obama winning women voters over Republican rival Mitt Romney by 12 percent. Romney bested Obama among men by 8 percent. Democrats had knocked Republicans for candidates who made offensive remarks about abortion and rape

Nancy Pelosi: This is an
Aimless Congress That
is Falling Into Chaos
Slate, by Daniel Politi    Original Article
Posted By: Scottyboy- 8/2/2013 3:13:15 PM     Post Reply
Lawmakers are packing up their bags to leave Washington for five weeks today, but as they get ready for the summer recess they really have nothing to celebrate. Well, unless you consider passing the 40th measure against the Affordable Care Act to be some kind of achievement. The latest pointless measure to repeal or dismantle Obamacare at least had a catchy title: Keep the IRS Off Your Health Care Act of 2013. And it was approved 232-185, with four Democrats joining Republicans in supporting the bill, reports the Hill.

China’s first lady beats out
Michelle Obama for best-dressed
list, to cheers on the Chinese Web
Washington Post, by William Wan and Zhang Jie    Original Article
Posted By: Scottyboy- 8/2/2013 2:21:01 PM     Post Reply
BEIJING — When it comes to the love-hate, frenemy-like U.S.-China relationship, there’s been no shortage of competition. You have cyberwars, currency wars, intellectual property wars and, most recently, the tug-of-war over a certain asylum-seeking fugitive leaker. Now, add to all that a rivalry over who has the best-dressed first lady — a competition in which China was surprisingly anointed the winner this week by Vanity Fair. (snip)Peng Liyuan “sails onto the list,” as Vanity Fair put it in a photo gallery highlighting Peng’s eye for trendy-yet-stately attire. The unexpected honor had some Chinese bloggers crowing. “Peng Liyuan Upends Michelle Obama,”



Most Active Articles (last 48 hours)



Distracted, distant Obama worries
Democrats, White House aides

66 replie(s)
Capitol Hill Blue, (Floyd, VA), by John Weston    Original Article
Posted By: Scottyboy- 8/4/2013 7:58:15 AM     Post Reply
White House insiders say President Barack Obama is in “a funk” about what he sees as increasing stagnation and failures surrounding his second term and some worry that the President is becoming more distant and distracted. “He’s not the same Obama that came to the Oval Office after the 2008 elections,” a senior White House aided confided to friends in an email recently. “I’m worried.” Chicago Mayor and former White House chief of staff Rahm Emanuel tells friends that the Presidency has changed his longtime friend Obama and many of those changes are “not good.”

The Dependably Unfaithful Colin Powell
62 replie(s)
American Thinker, by Jeannie DeAngelis    Original Article
Posted By: magnante- 8/5/2013 6:42:46 AM     Post Reply
In 2008 and then again in 2012, after retired four-star General Colin Powell endorsed and then voted for Barack Obama, the former Secretary of State´s sanity was already in question. At least now, after having his email account hacked by high-level security-breacher Guccifer, Colin Powell´s besmirching of the Republican Party´s "shift to the right" and "identity crisis" finally makes sense. It seems that for years the mannerly and always professional Colin Powell has been cyber-comporting with a 46-year-old Romanian European Parliament member, Social Democrat, and past spokesperson for Romanian president Ion Iliescu named Corina Cretu

   

 

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The Front Man
51 replie(s)
National Review Online, by Kevin D. Williamson    Original Article
Posted By: StormCnter- 8/5/2013 5:33:42 AM     Post Reply
Conservatives have for years attempted to put our finger upon precisely why Barack Obama strikes us as queer in precisely the way he does. There is an alienness about him, which in the fever swamps is expressed in all that ridiculous Kenyan-Muslim hokum, but his citizen-of-the-world shtick is strictly sophomore year — the great globalist does not even speak a foreign language. Obama has been called many things — radical, socialist — labels that may have him dead to rights at the phylum level but not down at his genus or species. His social circle includes

Intel community worried Obama administration
disclosed too much about latest al Qaeda threat

48 replie(s)
Washington Times, by LISA RUTH    Original Article
Posted By: FlyRight- 8/4/2013 7:08:12 AM     Post Reply
In warning about possible al Qaeda attacks against Americans overseas, U.S. officials may have provided too much detail about intercepted chatter and the source of the information, and that may make it more difficult to get such tips next time, former and current intelligence officials say.On Friday, the U.S. State Department issued a worldwide travel alert for Americans, citing an unspecified al Qaeda threat. The bulletin said that the highest threat levels are the Middle East and North Africa, “and possibly occurring in or emanating from the Arab Peninsula.”

The Rise of Al-Qaeda and Why the
Administration Lied about Benghazi

46 replie(s)
PJ Media, by Roger L. Simon    Original Article
Posted By: StormCnter- 8/5/2013 4:55:13 AM     Post Reply
For nearly a year, we have had no answer to why the administration lied about Benghazi — why it told the world, not to mention the parents of our murdered SEALs at the funeral of their sons, that the cause of that fatal conflagration was an anti-Islamic video no one saw, when the various arms of our executive branch (White House, State and intelligence) already knew, or strongly suspected, it was a terror attack orchestrated by al-Qaeda affiliates. You only have to read the now infamous talking points to know that. That this lie was deeply immoral is obvious.

White House holds high-level
meeting over security threat

44 replie(s)
Reuters, by Jeff Mason    Original Article
Posted By: LittleHoodedMonk- 8/4/2013 5:29:08 AM     Post Reply
Washington - President Barack Obama´s top national security advisers met at the White House on Saturday to discuss the potential threat of terrorist attacks that caused Washington and its allies to issue travel warnings and close embassies throughout the Middle East. The United States issued a worldwide travel alert on Friday (Snip) Obama is spending the weekend at the Camp David presidential retreat after playing golf earlier on Saturday. His birthday is Sunday. The White House said Obama had received regular briefings about the potential threat and U.S. preparedness measures all week.

The Cringing Superpower
41 replie(s)
National Review Online, by Mark Steyn    Original Article
Posted By: Dreadnought- 8/4/2013 9:50:53 PM     Post Reply
Today, across Africa, Araby and Asia, from Nouakchott to Dhaka, the diplomatic facilities of the United States are closed. There’s a Tsarnaev out there, somewhere – could be the Mahgreb, the Levant, the Horn of Africa, the Indian sub-continent – who knows? So, as Richard Fernandez writes, “Shelter in place, this time globally.” Maybe it will work. Maybe by the end of the day there will be, unlike Benghazi a year on, men in custody. But if not? Daniel Pipes: Don’t know about you, but I find this pre-emptive cringing unworthy of a great country, even humiliating.

   

 



 
Professor says kids no longer
need to learn spelling and
grammar because of smartphones

35 replie(s)
Daily Caller (Washington DC), by Eric Owens    Original Article
Posted By: JoniTx- 8/4/2013 10:55:19 AM     Post Reply
Several skills that every kid once learned in school are going the way of the dodo in a hurry. Diagramming sentences is practically an extinct art, for example. Cursive handwriting and memorized multiplication tables look to be swiftly headed that way. Apparently, the next thing that kids will no longer need to learn is spelling and grammar. Sugata Mitra, a professor of educational technology at Newcastle University in northeast England, announced that traditional language rules are out of fashion, reports the Daily Mail. Kids don’t need to waste time on those things, see. State-of-the-art computers and mobile phones can make

Kass: Was police killing of
95-year-old necessary?

35 replie(s)
Chicago Tribune, by John Kass    Original Article
Posted By: US Veteran- 8/4/2013 1:51:20 PM     Post Reply
Common sense tells me that cops don´t need a Taser or a shotgun to subdue a 95-year-old man. When John Wrana was a young man, fit and strong and fighting in World War II with the U.S. Army Air Corps, did he ever think he´d end this way? Just a few weeks shy of his 96th birthday, in need of a walker to move about, cops coming through the door of his retirement home with a Taser and a shotgun.

Schumer: Move G-20 summit to
punish "schoolyard bully" Putin

35 replie(s)
CBS News, by Lindsey Boerma    Original Article
Posted By: JoniTx- 8/4/2013 3:49:27 PM     Post Reply
Not only should President Obama cancel a bilateral summit with "schoolyard bully" Russian President Vladimir Putin, Sen. Chuck Schumer, D-N.Y., said Sunday on "Face the Nation," but considering the country granted asylum to National Security Agency leaker Edward Snowden, U.S. allies should try to move next month´s G-20 gathering from St. Petersburg. "President Putin´s behaving like a schoolyard bully, and in my experience, I´ve learned, unless you stand up to that bully, they ask for more and more and more," Schumer said. "He´s always going out of his way, President Putin is, to seem to poke us in

What should be next to
Trayvon Martin´s hoodie
in the Smithsonian?

34 replie(s)
American Thinker, by Thomas Lifson    Original Article
Posted By: magnante- 8/4/2013 11:54:06 AM     Post Reply
I have a suggestion. How about an exhibit on Tawana Brawley? If the purpose of the new National Museum of African American History and Culture at the Smithsonian is to remember racial controversies, as the proposed Trayvon exhibit seems to confirm, then how about an honest look at the phenomenon of hate crime hoaxes? Particular attention should be paid to the role of the media in both the Trayvon and Tawana materials. Unquestionably, the media stirred up racial animus, and these incidents both contributed to raising racial tensions.

Rookie cops shoot 14-year-
old dead after teen opened
fire in South Bronx

33 replie(s)
New York Post, by Kirstan Conley    Original Article
Posted By: JoniTx- 8/4/2013 1:05:29 PM     Post Reply
Police shot and killed an armed teen in the South Bronx early today after the suspect opened fire and refused to drop his gun, police said. Two rookie cops heard shots fired near East 151st Street and Courtlandt Avenue around 3 a.m. and ran in the direction of fire, police said. The uniformed officers saw Shaaliver Douse, 14, of the South Bronx, chasing another person through the streets, according to cops. Douse, who was arrested in May on attempted murder charges for shooting a 15-year-old, fired at the man running on East 151st Street this morning, police said.

   

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