Dec. 16, 2013: This is one of the WAIS posts that’s not on the Forum’s website. The start of the discussion is : Economics: Another Great Depression? (Tor Guimaraes, US 08/06/09 7:31 am) http://waisworld.org/go.jsp?id=02a&objectType=post&o=43909&objectTypeId=38159&topicId=92
Tor Guimaraes writes: The stock market is at its high for the year, and the CNBC commentators are mentioning DOW 10,500 as the likely target for this year since the “Great Recession” is over and the economy is recovering. If so, the Obama stimulus is working and we can go back to business as usual. Unfortunately the evidence is not cooperating with this relatively happy scenario. The Dow may indeed reach over 10,000 based on wishful thinking about the economy and the favorable latest company earnings reports. But much of the earnings improvements are due to cost cutting, including cutting jobs which adds to unemployment. . . . .
Other WAISers weighed in.
Here’s my comment that’s not posted.
