"Green shoots" are rotted and dead

by **rangerone314** » Tue 30 Jun 2009, 11:34:34

http://online.barrons.com/article/SB124 ... BOL_hpp_dc

Tax revenues which don't come from phantom jobs or sales are declining...

by **TreeFarmer** » Tue 30 Jun 2009, 18:17:19

Back when this was all starting people were asking "what kind of recession/recovery will we have, will it be a V or a U or a W?" The best description I've seen is UL. There just seems to be too much chance that the recovery so far has been the second half of the U and that we are headed for a drop and a long slow recovery. What we will recover to I don't know.

TF

by **IgnoranceIsBliss** » Tue 30 Jun 2009, 22:04:11

In my state (Georgia), May revenues came in 10% lower than May 2008. There is just no sign at all of any stabilization (let alone improvement) in state revenues. So we get a special legislative session any day now which will take the machete to the budget again.

by **dunewalker** » Wed 01 Jul 2009, 00:07:25

Pstarr knows about "greenshoots" but where he lives they're called "green shoot-outs"--they're running rampant lately...

by **Sixstrings** » Wed 01 Jul 2009, 00:09:37

$this->bbcode_second_pass_quote('pstarr', 'T')here has never been a recession like this one. The Stagflation of the 70's was similar and also caused by a peak oil. But this one will never end.

by **Daniel_Plainview** » Wed 01 Jul 2009, 02:21:40

$this->bbcode_second_pass_quote('Sixstrings', 'A')nd now the worldwide peak will usher in staglation without end.

by **Auntie_Cipation** » Wed 01 Jul 2009, 10:35:27

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('dunewalker', 'P')starr knows about "greenshoots" but where he lives they're called "green shoot-outs"--they're running rampant lately...