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Need a Hand?
Your Next Project Starts with Brownstoner
But dibs we are in this mess because of the fed and banks monkeying around, there’s no good reason to believe the people who got us into this mess possess the wisdom to get us out again.
Well who is going to run the IMF if not bankers? Baristas, ad agency execs, nurses??????
Posted by: daveinbedstuy at July 8, 2009 11:11 AM
LOL. You’re funny to day dibs, good one
Think ahead, What. If the economy expands over 2% next year there will again be massive job creation. You’re problem is that you are stuck in all the backward looking data. These numbers have already started to change direction or at least slow down their decline. Even you can understand the ramifications of that.
“Well who is going to run the IMF if not bankers?”
I hear the workers at the Stella Doro plant in the Bronx are available 🙂 (sorry, couldn’t resist)
That guy’s credentials seem pretty damn good. Not every banker is part of the problem just like not every school teacher is part of that problem. Foolish.
Well who is going to run the IMF if not bankers? Baristas, ad agency execs, nurses??????
“How about instead you address some of the facts that I’ve shown you??? The IMF data.
”
A little nibble Dave. in Oct ’89 the unemployment rate was 4.7% and now it’s 9.4%. That’s about 50% increase (Give or take), right. For the recession to be over the Obama Administration will have to come up with about 5 million jobs. Now Dave please explain to us how we are going to replace the lost jobs and get America back on the road to recovery after the biggest credit expansion in history (NASDAQ and Real Estate)?
The What
Someday this war is gonna end…
**hitting myself with a bat** I now regret bringing up the CA issue and asking the question. ARGH!
Kittens anyone? 🙂
bridges, what are you talking about??? What has our contributions to the IMF got anything to do with their forecasts??
Posted by: daveinbedstuy at July 8, 2009 10:38 AM
Well, it’s just striking to me that the people running the IMF have investment bank backgrounds, such as this gentleman:
“John Lipsky assumed the position of First Deputy Managing Director of the International Monetary Fund on September 1, 2006.
Before coming to the Fund, Mr. Lipsky was Vice Chairman of the JPMorgan Investment Bank. In this position, he advised the firm’s principal market risk takers, published independent research on the principal forces shaping global financial markets, was actively engaged with JPMorgan’s key clients, and represented the firm around the world with senior public and financial sector decision makers.
Previously, Mr. Lipsky served as JPMorgan’s Chief Economist, and as Chase Manhattan Bank’s Chief Economist and Director of Research. He served as Chief Economist of Salomon Brothers, Inc. from 1992 until 1997. From 1989 to 1992, Mr. Lipsky was based in London, where he directed Salomon Brothers’ European Economic and Market Analysis Group.”
sam- so right. You just have to wonder how someone takes so much pleasure from other people’s pain (or the anticipation of it). Makes him barely- if at all- human.