I see an economic diasater coming...

[triffid]

Is a global recession already here?  http://finance.yahoo.com/news/global-recession-warning-signs-everywhere-201200023.html
this article seems to say so.

[triffid]

Job growth has been slipping badly for three months. Retail sales and factory orders are down two straight months. Real incomes are flat. Household wealth is way underwater from the housing collapse, dropping nearly 40 percent in the last three measured years. And GDP was an anemic 1.9 percent in the first quarter. Nearly all leading Wall Street economists are marking down their second-quarter estimates to 2 percent or less.
But here's the key point: 2 percent growth is not a recovery. Many economists would call it a growth recession. When you get that low there's little margin for error. A shock from Europe, an inventory selloff in the U.S., or almost any unexpected event could push us back into negative territory for an official double-dip recession.
Im real big on jobs being available for the common man.If a man has a job,he and his kids can eat at his own table and not from the garbage of others.

[triffid]

Some good news actually for America since 2008.   http://finance.yahoo.com/blogs/daily-ticker/u-policy-playing-catch-energy-realities-yergin-says-144827551.html


Since 2008, U.S. oil production has risen 25% and America had the largest increase in oil production of any non-OPEC country in 2011. And while America is far from energy independent, oil imports have fallen to 42% of total consumption from 60% in 2005.
WTI oil prices are currently hovering around $83 per barrel, down 20% from their recent peak, and gasoline prices have retreated as well. A slowing economy and Europe's debt crisis are certainly factors in the recent weakness in energy prices but the big picture is a profound change in America's energy production."When you look at the sweep of history in terms of energy and oil you see when people think 'we're at the end of the road, we're done,' technology opens up new horizons," says Daniel Yergin, chairman of IHS Cambridge Energy Research Associates and author of The Quest: Energy, Security and the Remaking of the Modern World.
The technology he refers to is, of course, hydraulic fracturing, a.k.a. fracking. While the debate continues over environmental concerns, the reality is fracking has transformed America's energy landscape. Initially used to produce natural gas, the same technology is now increasingly being used to extract oil from "tight" rock formations.
Thanks to development of the Bakken formation, North Dakota is now producing 600,000 barrels of oil per day versus 10,000 barrels a day a decade ago, Yergin notes.

[WilbyInebriated]

yeah that's good news for america...

polluting the underground aquifers of the nation's breadbasket so you fat lazy bastards can drive around in your 10mpg SUV's.  idiots.

[triffid]

I don't drive a 10mpg suv.U have me confused with someone else.triffid