Recession's second act would be worse than the first

[Better Believe It]

Recession's second act would be worse than the first
By John W. Schoen, Senior Producer
The Bottom Line, MSNBC
September 22, 2011

Fresh evidence of a global economic slowdown has raised fears that governments around the world may be powerless to reverse it. If the world does fall into back into recession, it could be much harder to escape than the contraction that ended in 2009.

Two years after the latest U.S. recession technically ended, evidence continues to build that the weak recovery is stalling out. The U.S. economy stopped producing new jobs in August after a string of mostly meager monthly job gains that failed to bring the unemployment rate below 9 percent.

On Thursday, fresh data showed the Eurozone's service sector contracting for the first time in two years; a separate index of the manufacturing sector, which has provided much of the region’s growth, slowed for the second month in a row.

"There is a global slowdown,” Jeavon Lolay, head of global research at Lloyds Banking Group, told Reuters. “There is no doubt the risks of a global recession have grown."

Read the full article at:

http://bottomline.msnbc.msn.com/_news/2011/09/22/7900826-recessions-second-act-would-be-worse-than-the-first

[ixion]

1. which is why the problems should have been fixed the first time around

rather than slathering the ones who caused it with cash, and not fixing a damn thing.

[villager]

2. yeah - if only "change" had actually meant, well, "change"

n/t

[cutlassmama]

3. US can't change the whole world

[Little Star]

4. Obviously they can't even change the US. n/t

[Confusious]

5. Europe did

ROHS compliance meant no lead in anything. You want to get into the European market? No lead in your product.

So instead of having multiple products for multiple markets, they have one product for all markets, WITH NO LEAD.

Wall street is the financial capital of the world. Clean it up, everyone falls in line...


Just curious, when did "yes we can!" turn into "Uh, no we can't."? because Obama can't, it's just not possible? Or it's not possible because it would make him look bad?

[Donnachaidh]

6. ahh but they certainly can pay worldwide banksters trillions of dollars

What was the figure Bernie Sanders found out about from the Fed handing our money out to everyone but American citizens? Wasn't it 16 Trillion?

But when it comes to the working slobs -- they get peas....