Think the economy is recovering? Think again.
Forget the noise and statistics thrown around by the politicos and pundits. We are not at the end of this recession -- we are in the middle of it.
This will not be a V-shaped recession and recovery, folks. It is a U-shaped one at best, meaning we have a while to go before things truly pick up. But, more than likely, we are dealing with a W-shaped recession, and we are near the end of the second leg ... and then down we go.
And even if the economy stays flat, the stock market will almost surely head back down when the Street realizes what a jobless recovery actually looks like.
So, while the statistics may point to an economic recovery this quarter or next, the real world will be feeling recession pains throughout 2010.
Still not convinced? Here are 10 reasons the economy will flat line or decline in 2010.
Click on each reason to learn more:
Reason #1: Dramatic loss of wealth
Reason #2: The jobless recovery
Reason #3: Consumers are afraid to spend money
Reason #4: Changing consumer attitudes
Reason #5: The credit crunch will continue
Reason #6: Excess capacity
Reason #7: Businesses aren't spending
Reason #8: Uncle Sam can't bail us out
Reason #9: The Fed can't do it either
Reason #10: Take a good look around











Reader Comments (Page 1 of 3)
10-24-2009 @ 3:16PM
matracia said...
ression recovery??????where?????? i ask you people arent thinking about thisthe right way,when and if unemployment gos down its gona be because the bennifitts have run out and their no longs a statistic,then we have all the illeagles,that are takeing what jobs are avalible,then theres the question will corpate america bring back factorys to america to supply us with jobs ???hell no there paying cheaper labor rates in a third world country,we have way to many forclosed homes,and buisnesses the only way well bounce back is if we start building again,,and i dont see it happening for (yrs)?????so the question is what do we do with all the forclosed homes????what do we do about riseing oil prices??the goverment has to many liberals and catch 22s for deals ,hey ill vote for more drilling if you let me have this fund so the rich will get richer and we will soon be the very poor not even middle class ,and ,still paying the price cause no one has the balls to say enoughs enough!!!!!and for gods sakes get obama and his health plan the hell out of office befor we all end up migrateing to mexico!!!!
10-24-2009 @ 7:47PM
Paul said...
We as working class citizens can look forward to retiring on our hard work saved income, home ownership and social security. NOT People we vhave been scammed by the ultra wealthy and our bought and paid for politicians. Vote every politician out of office who does not support Auditing the Federal reserve Bamnk. That bank controls evry aspect of our econopmy and is 95% of the poblems facing middle class and poor America. Then vote in politician who support a complete overhaul of campaign finance reform. The days of corporate sponsored politicians must end if we are to survive as a Democratic Republic.
If the Republicans had any integrity like the Teddy Roosevelt years, they would have never allowed Wal-Mart to undermine the small business in America. They would have filed anti trust suits against the Healthcare industry, the oil industry, the media, the global corporatists. They would have forced these huge conglomerates to split and become more competitive. They would have used tariffs to create an equal world trade market. I give you the pharmaceutical industry as an example. Why do Americans pay 3-7 times as much for any medicines as every other country in the world? Because they know they can get that money without fear of an uprising. The people are brainwashed by the two party systems. One says they are for the small guy the other says they are for small government. Neither helps the average American only the elite moneychangers. This same scenario played out during the end of the 19th century and into the 20th. The Rockefellers, Getty’s, Morgans and the oil barons had this country enslaved by their wealth. The Republicans trashed that plan and created a more competitive market. The same thing has happened again, Now, today only the Republican party has gone to bed with them.
10-24-2009 @ 9:02PM
sam said...
damm what a bunch of blow holes on this one whew
10-24-2009 @ 10:02PM
stvinw said...
Here's 3 more reasons the economy won't recover
in 2010:
1. President Hussein Obama
2. Harry Reid
3. Nancy Pelosi
10-24-2009 @ 10:44PM
nana7 said...
How can we recover? We are totally dependent on other countries for our goods.. I wonder how the people working on wall street will manage when they realize the paper they are pushing is just that, paper.. China was nothing till Nixon went there, then all the corporations moved their factories over there.. In todays news, a paper mill shutting down, 1,100 people being put out of work.. There are no jobs for these people.. People are in line to work at fast food, and most aren't hiring.. They are even cutting back employees hrs.. A civil war is coming..
10-25-2009 @ 9:28AM
partygirlgluck said...
This was a great article, my ex-Husband has a Sign Bussiness here in Florida......he will put ads on craigs list every day for doing sign work and he has gotten very few & far between responces from people, plus he builds Mopar Engines, we even get screw balls coming out of the wood work!!! I'm on total dissablity & the wonderfull presdent we have plus the Goverment wont even give us our cost of living increase, except another $250.00 which we can't or we aren't even allowed to save it past Six Months because the Goverment will count it as income!!
So how are we supposed to live??? No One Can Get It right, why because NO Body Cares like our wonderfull Presdent or our Goverment!!! What happens when we all become "HOMELESS"??????? For the Ones that have there "HOMES" paid for!!!! They can't loose there "HOMES" But those who have lost there Homes, Jobs, Cars, etc!!! Bail Outs those are only for the Banks, Credit Cards, Stock Markets!!!!! Health Care Reform there isn't any except the "RICH", but even the Rich & Famous are living high on the "HOG"!!!!!
People, are going crazy, Killing & Kidnapping Kids stealling or breaking into place, because of being desperate for the things they have lost??? The Rich can sleep without fears, but we can't because we are so worried about where we are going to end up!!!! Where are we going?? We really don't know....What is going to happen next wish we had that answer!!! Dose our country care I should say "NOT"!!!!!
10-24-2009 @ 11:11PM
buddhaedi said...
Yeah, those pesky illegals are the last ones fired by Corporate America and the first ones hired to take the place of downsized, almost vested conservatives.
10-24-2009 @ 11:29PM
sgentilejr said...
No Recovery, Not now, Not 2010 and Not ever.
YOU are the economy. Not Congress, not the President, not the banks nor the Federal Reserve. YOU are the economy.
Only YOU can create jobs by how YOU spend YOUR money. When you spend your money on Imported electronics, Imported clothing and shoes, Imported home furnishings. Imported brand automobiles, Imported ham, cheese and wine etc., etc. YOU yes YOU are giving our nations jobs and our nation's wealth away to foreign countries. It is YOUR choice. Buy American made products and help crate jobs and wealth inside the USA or YOU can keep Buying Imported products and watch our nation sink deeper and deeper into poverty. It is your choice and YOU are the economy.
10-24-2009 @ 11:32PM
sgentilejr said...
Stop blaming Illegal aliens. YOU hire them, your fellow Americans hire them. They would not come here if YOU all stopped hiring them.
10-25-2009 @ 12:57PM
BeastGodVish said...
I agree that the recession isn't over. It appears now that the recession has been around some time considering all the fun in the surplus of diplomacy spending. Now the only surplus we have is govt. war bonds. The penical of the recession is now the utmost agenda because there is nothing to duck into or counter argue as being more important. Just think; this all started when someone said that America doesn't have to pay Titan the fun monies that his father placed a bet about. Guess what the counter arguement is? WE GOT NUCLEAR BOMBS: WHO YOU GONNA GET TO HELP YOU GET YOUR MONEY! HA HA Sniper of the most high annointed God
10-25-2009 @ 5:10AM
E.A.U.M. said...
People automatically assume that when the stock market rises, the economy is on an up swing. The stock market today is not an idication of a recovering economy, like the administration and congressional Democrats would have us all believe. Todays stock gains are more a reflection of big time wall street gamblers, who are buying up huge amounts of deflated stocks, in hope of making a killing in a future recovery. Most people are not aware that the economy is about to see another devestating blow that will most likely have the administration on another bailout spree with more taxpayer monies. We have a disaster coming in the commercial realestate market that could make the last realestate bust look like childs play. We have a stock market heading up, while unemployment continues to rise. That should tell us all a little bit about where we truly stand today.
http://money.cnn.com/2009/04/16/markets/thebuzz/index.htm
10-25-2009 @ 6:50AM
Karen said...
ONLY the GOVERNMENT thinks the economy is recovering. We the people knew we were in a recession at least 1 year before the government. We the people know we are not recovering. How can we????? There are no jobs and it's WE the American people that are and will continue to suffer.We can't spend what we don't have and yet government at EVERY level taxes us to death, because they can't live with-in the budgets. It will become much worse when the Health Care bill (now estimated to cost over 1 trillion!) and Cap and Trade passes.
10-25-2009 @ 10:09AM
triplexcarat said...
its far from over, do you think all those unemployed, will be able to fix their credit reports ! after being late on their credit cards loss of houses ,auto repos etc. all they are doing is throwing sand on a brush fire! till the 2010 elections . then all hell will break loose
10-25-2009 @ 10:38AM
al schrader said...
Sounds like a lot of whinning. We built the first flying airplane. We invented nuclear energy. We put the first man on the moon. We invented the internet. We invented the iPod. And the future is going to be incredible.
How did we do all of this ? Hard work. Sitting and complaining achieves zero. Next month they are going to test for the graviton particle, that I discovered, in the Large Hadron Collider in Geneva. Understanding the graviton is one of the keys to creating things we have only been able to dream about - cars that get 200 MPG, instant trips to other planets some of which may have H3 a fusion fuel that could permanently solve all of our energy issues. My point ? Don't whine, Get busy. Have a great productive happy day ! Al.
10-25-2009 @ 11:24AM
jste64 said...
Hope , you all thinking that 2010 elections , voting for the other guy , learn before it's too late , the politicians ARE the problem , WE the People need an Independent Party , When My toilet is full we flush it , in this country we dress them up and send them to DC , Go Figure , WAKE up people , The Gov't is the problem , Both Repelicans and Donkeycraps , they are bought and paid for a LONG time ago , Don't believe the shite they are telling you , If you do than you deserve everything we are getting
Sorry , But it's true , just wondering if I Have a lawsuit
10-25-2009 @ 11:44AM
pd39 said...
This is for #3 -
Paul, you lay everything at the Republicans doorstep, but since 1950 democrats have held majority in congress for 10 years out of 60. The Senate was 50/50 under Reagan when Jim Jeffords switched parties immediatly after being sworn into office, so that doesn't really count. The White House had been within two four year terms until Reagan/Reagan/Bush, and the prez is not much more than a titular position when the alleged national leader is more concerned with soaking his noodle or playing the super-star than taking care of business. Neither of our current two parties gave the people much of a choice in the most recent election, and I hope and pray that enough Americans see this and it pisses them off enough that they do something in 2010 and 2012. There is absolutely NO reason for a Robert Byrd to be sitting in office for 61 years. That is nothing but full on government welfare. No elected official should every be re-seated more than one time - two terms. They will never vote in or take a voluntary two term limit, so it's up to "we, the people" to impose those limits upon them. Once we have that in place, it will be up to "we, the people" to correct their government wages, pensions, health care, and everything else WE pay for them to be more in line with what the family living on $50,000 per year recieves.
10-25-2009 @ 11:47AM
pd39 said...
CORRECTION CORRECTION CORRECTION:
>since 1950 democrats have held majority in congress for 10 years out of 60. <
Should read: since 1950 democrats have held majority in congress for 50 years out of 60.
10-25-2009 @ 11:49AM
gleeminghope said...
Paul: Who are you kidding, the republicans with the wealthy? Why then was Obama financially supported by the richest men in the world. i.e., George Soros, Rockefeller. Obama's cronies are some of the richest in the world. Fact: Look up what happened with Lehman Brothers vs. Goldman Sachs. This was an Obama move which knocked out the two rivals of Goldman Sachs. George Soros purchaes 3,446 shares of stock to bring up his holdings to 40.63 in 2008..then the government gives Goldman Sachs a $10 billion bailout and then the Paulson bails out AIG (which holds the governments pensions) and AIG then gives $14 Billion to Goldman Sachs. Goldman Sachs then invests the cheap money..and after less than 9 months is now making record profits and is paying some of the largest bonuses on Wall Street. Please, how does, Goldman Sachs go from broke..to riches in less than 9 months. Look up George Soros and his affliliation with Obama..Obama is a bought man by some of the richest men in the world. He is nothing but a puppet..
10-25-2009 @ 12:01PM
MyKisa said...
....and that puppet will serve up America on a platter the globalists for their NWO
10-25-2009 @ 12:07PM
bootman said...
Gleeminghope is absolutely right. OB isn't exactly hanging around the "Hood" these days or with all his voting wellfare recepients!