WASHINGTON (AP) -- Economic activity is stabilizing or improving in the vast majority of the country, according to a new government survey, adding to evidence that the worst recession since the 1930s is over. The Federal Reserve's snapshot of economic conditions backs predictions by Fed Chairman Ben Bernanke and most other analysts that the economy has started to grow again in the current quarter.
In the survey released Wednesday, all but one of the Fed's 12 regions indicated that economic activity was "stable," showed "signs of stabilization" or had "firmed." The one exception was the St. Louis region, which continued to report that the pace of decline in economic activity appeared to be "moderating."
Looking ahead, businesses in most Fed regions said they were "cautiously positive" about the economic outlook.
The assessments of businesses on the front lines of the economy was brighter than those they provided for the Fed report in late July. At that time, most regions said the recession was easing its grip and some of them reported signs that activity was leveling off.
Satan Says; 9-9-9 The BIG lie[s] have begun. Right on schedule. They now will own the collapse of 9-29-2009 and the nasty of 9-18-2009 as well!
Tuesday, September 1, 2009
US to collapse in July 2010Aug 31, 2009MOSCOW - YOU think of the United States as the world's leading superpower? Well think again, says Igor Panarin, a professor at the Russian foreign ministry's diplomatic academy.For Prof Panarin, who has built an academic reputation in Russia for apocalyptic predictions of the imminent US demise, Moscow's ex-Cold War rival is on the brink of economic, political and social cataclysm.'The probability that the United States will cease to exist in July 2010 is greater than 50 per cent,' he declared at a news conference on Monday. 'The results of the current financial year will shock investors.'Prof Panarin did not share the hopes of US president Barack Obama's supporters that he would lead the world into a new era of change.'Obama has the mentality of a social worker: He talks well but he has never managed anything. He will lead the United States towards a crash,' said the academic.For Prof Panarin, the United States was on the verge of none other than a 'psychological catastrophe'. And the reasons? It all started with Hurricane Katrina. The United States is overwhelmed by single parent families. Its prisons are full. Young people are violent. And oh yes, it has too many homosexuals.He compared the current situation of the United States under Obama to that of the Soviet Union under its last leader Mikhail Gorbachev.'The US debt has multiplied seven times in 11 years. Under Gorbachev the Soviet debt increased by a factor of five.'Vladimir Mamontov, the editor-in-chief of the pro-Kremlin newspaper Izvestia where the news conference was held, moved to distance himself from the remarks. He publishes Prof Panarin's opinions since 'irreverent versions of events help readers to surf through all the more montonous information.'Feodor Lukyanov, editor of the journal Russia in global politics and one of the country's top foreign policy experts, said such forecasts were of no value for specialists.'People with an artistic spirit have a rich imagination,' he commented.While Prof Panarin's views are highly marginal, there are plenty of more mainstream pro-Kremlin analysts in Moscow happy to point out the weaknesses of the United States and the strengths of Russia as a great post-Soviet power. -- AFPhttp://www.straitstimes.com/Breaking%2BNews/World/Story/STIStory_423750.htmlVIDEO: OBAMA IS ANOTHER GORBACHEV AND WILL LEAD TO COLLAPSE AND BREAKUP OF USAhttp://www.youtube.com/watch?v=keLyldKQ4UARussian professor says US will disintegrate in 2010http://www.mrt.com.mk/en/index.php?o...6889&Itemid=29
Satan Says; "Eight 8 more days!"
Satan Says; "Eight 8 more days!"