Rick Newman

How To Plan For a Slow-Motion Recovery

April 29, 2010 RSS Feed Print

We all want a robust recovery to kick in, so we can go back to buying stuff and enjoying ourselves without worrying about where the money's going to come from. But that seems unlikely to happen. Most forecasts call for several years of uncomfortably high unemployment, with wages rising slowly and consumers struggling to pay down the debt they've wracked up over the last several years. I spoke with economist Gary Shilling at the recent Milken Institute Global Conference about why a recovery is taking so long, and what ordinary people should do about it. Here's the video:

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EVERYTHING IS COMING TRUE, IT WILL BE FROM THE BEGINNING TO THIS END, FOR IT IS NEAR, I WILL LAUGH WHEN ALL THESE SHOW BOATS START LOOSING EVERYTHING THEY HAVE STOLE FROM. ITS ONLY MATERIAL.

PILOT of NE 3:11PM May 10, 2010

Who does the media think they are talking to, idiots? Here in Mchigan the unemployment is still 15% and no jobs insight. And if all those who are out of unemployment benefits have run out already on some families, they are not counted anymore. So add them to the so called unemployment statistics and what is the true percentage of unemployed? They won't tell us.
If you think this was caused because we all owed debt, you are wrong. Seniors who built the good times economy are not living on debt. There isn't enough money. We already paid off our debt & tightened our belts. Now with the rising economy we are barely getting by. The higher cost of living has made life so difficult for everyone. But seniors in particular, we don't know how we will be able to stand anymore inflation. Of course our government doesn't even mention this because they DON'T care! That information is left out of the media altogether. Making matters worse is the so called Obama debt that is going to cost every living American Citizen $49,000, including our Grandchildren. I say let Obama pay for it. He doled all our money out saying it was for our recovery and it did "NOTHING" for recovery or the average American job market.
So listen up Washington and bought media, we know what you are spewing are lies. We are NOT idots nor stupid. And your jobs are now on the line.

1 American Citizen of MI 12:14PM May 09, 2010

I live in one of the more robust Republican states in the southeast, and I dont see it. I dont feel any recovery what so ever. I have no credit card debt, am barely getting by and what little cash I do have is being hammered by higher costs of groceries and fuel. Health insurance is a nightmare, and corporate entities are more concerned with their bottom line than the people they serve. Optimistic, not one iota!!!! Yeah, get a grip!

pellis of GA 8:29PM May 08, 2010

How To Plan For a Slow-Motion Recovery

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