Black People : ARE WE HEADED INTO ANOTHER RECESSION

$$RICH$$

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STUDY SAY WE ARE MOST LIKELY........

Global Recession Increasingly A Risk, Say Economists

Discouraging economic data from around the globe have heightened fears that another recession is on the way.
Fresh evidence emerged Thursday that U.S. home sales and manufacturing are weakening. Signs also surfaced that European banks are increasingly burdened by the region's debt crisis and sputtering economy.
The rising anxiety ignited a huge sell-off in stocks that led many investors to seek the safety of U.S. Treasurys.
A survey by the Federal Reserve Bank of Philadelphia shows that manufacturing in the mid-Atlantic region contracted in August by the most in more than two years. The steep drop, on top of a smaller decline in a New York Fed survey this week, means U.S. manufacturing probably contracted in August, economists said.
It would be the first decline since July 2009 – a worrisome sign because manufacturing has been a key source of U.S. growth in the two years since economists say the Great Recession ended.
Morgan Stanley's calculation of a one-in-three risk of a new recession hinges, in part, on its expectation that Congress will let a Social Security tax cut, a business tax credit and extended unemployment benefits expire at year's end. It calculates that the expiration of those measures would reduce U.S. growth by 0.5 to 1 percentage point in 2012.
Jitters over the economy and financial markets may also reduce auto sales. That would be a blow to an industry that reported strong profits and healthy hiring earlier this year. J.D. Power and Associates has cut its 2011 sales forecast last week by 2 percent and its 2012 forecast by 3 percent.
Dow Jones industrial average has lost more than 14 percent since July 21. That includes Thursday's drop of more than 419 points.
ECB said Thursday that one bank had borrowed $500 million a day for seven days through the ECB's dollar lending program.
 

Are We Headed for Another Recession?
As the stock market and consumer confidence plunge, analysts say there is a 1 in 3 chance we could relapse.
 
http://www.huffingtonpost.com/2011/08/18/global-recession_n_930936.html?icid=maing-grid10|htmlws-main-bb|dl9|sec1_lnk2|87915

Are we headed into a world recession and hardship if so how and what can we do to help secure ourselves ???

Does this mean we need to now pull moreso together in effort for survival ???

If we fall into recession can we bounce back or will it spell dooms day ahead ???
 

Clyde C Coger Jr

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In the Spirit of Sankofa,

.......The buzz words are "double dip" recession, but we've not climbed out of it yet...we are still facing the greatest recession since the Great Depression: America is the Fall before Rome.

Fasten your seat-belt brother and get ready for the ride, we may, we may not.

Peace In,
 

super

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Aug 4, 2011
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STUDY SAY WE ARE MOST LIKELY........

Global Recession Increasingly A Risk, Say Economists

Discouraging economic data from around the globe have heightened fears that another recession is on the way.
Fresh evidence emerged Thursday that U.S. home sales and manufacturing are weakening. Signs also surfaced that European banks are increasingly burdened by the region's debt crisis and sputtering economy.
The rising anxiety ignited a huge sell-off in stocks that led many investors to seek the safety of U.S. Treasurys.
A survey by the Federal Reserve Bank of Philadelphia shows that manufacturing in the mid-Atlantic region contracted in August by the most in more than two years. The steep drop, on top of a smaller decline in a New York Fed survey this week, means U.S. manufacturing probably contracted in August, economists said.
It would be the first decline since July 2009 – a worrisome sign because manufacturing has been a key source of U.S. growth in the two years since economists say the Great Recession ended.
Morgan Stanley's calculation of a one-in-three risk of a new recession hinges, in part, on its expectation that Congress will let a Social Security tax cut, a business tax credit and extended unemployment benefits expire at year's end. It calculates that the expiration of those measures would reduce U.S. growth by 0.5 to 1 percentage point in 2012.
Jitters over the economy and financial markets may also reduce auto sales. That would be a blow to an industry that reported strong profits and healthy hiring earlier this year. J.D. Power and Associates has cut its 2011 sales forecast last week by 2 percent and its 2012 forecast by 3 percent.
Dow Jones industrial average has lost more than 14 percent since July 21. That includes Thursday's drop of more than 419 points.
ECB said Thursday that one bank had borrowed $500 million a day for seven days through the ECB's dollar lending program.
 

Are We Headed for Another Recession?
As the stock market and consumer confidence plunge, analysts say there is a 1 in 3 chance we could relapse.
 
http://www.huffingtonpost.com/2011/08/18/global-recession_n_930936.html?icid=maing-grid10|htmlws-main-bb|dl9|sec1_lnk2|87915

Are we headed into a world recession and hardship if so how and what can we do to help secure ourselves ???
Yes! collectively, we are doomed if a Depression hits but individually, some of us will survive.
Does this mean we need to now pull moreso together in effort for survival ???
Blacks are not a monolithic group, therefore, each group is likely to go its separate way. We are possibly 12-18 months from a global Depression and just look at some of these ridiculous threads. The overwhelming majority of Blacks are doing absolutely nothing to prepare for the worst. I started preparing for those pending days right after 911 & Katrina.
If we fall into recession can we bounce back or will it spell dooms day ahead ???
If you are talking about the BC, the answer is no because the BC is too dependent on the status quo for its survival. There will be very limited funds & resources available from the governmental sectors and Black folks will not be a top priority versus others' communities.
 

$$RICH$$

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It is my hope to get us ready for the out come, if we do i want us to have a working plan and a survival game set up.....for daily living

Depression of such recession can bring america to it's knees
but we as a people will be survivals just as our ancestors was
we are built mentally but yet apart , seeking a togetherness solution
to help get ready for it if it happen thankz brother Clyde
 

$$RICH$$

Lyon King Admin.
REGISTERED MEMBER
Mar 21, 2001
69,925
3,939
Da~WINDY*CITY //CHICAGO
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BUSINESS owner
If you are talking about the BC, the answer is no because the BC is too dependent on the status quo for its survival. There will be very limited funds & resources available from the governmental sectors and Black folks will not be a top priority versus others' communities.

This why we as a black community is in a great need to join hands
minds and ideas for a plan that will push us collectively to survive it
because that's true we will be the last on the list to get any type of help !
Thankz brother Super

what could be our best solution if it happens ???
 

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