Wednesday, December 03, 2008

There is No Recession

- “We don’t believe we’re going to have a recession.” [Vice President Dick Cheney, 1/30/08]

- “I think the experts will tell you we’re not in a recession.” [President Bush, 2/10/08]

- “The answer is, I don’t think we are in a recession right now.” [Council of Economic Advisers Chairman Edward Lazear, 2/11/08]

– “First of all, we’re not in a recession.” [President Bush, 4/22/08]

– “The data are pretty clear that we are not in a recession.” [Council of Economic Advisers Chairman Edward Lazear, 5/7/08]

- “I don’t think we are” in a recession. [Director of the National Economic Council Keith Hennesy, 6/3/08]

."I think there is a very strong possibility that we will be growing at the end of the year. We will have stronger growth at the end of the year than we have right now." - US Treasury Secretary Henry Paulson. -07/03/08

– “I think we have avoided a recession.” [White House Budget Director Jim Nussle, 7/31/08]

– “I don’t think anybody could tell you right now if we’re in a recession or not” [Dana Perino, 10/7/08]

-"This is not what a recession looks way!" Mike Green and Jim Benham show 11/16/07 
-Mike Green: "Wall Street thinks things are bad, but in reality things are very good. 12/18/07
-"I have a real problem with people not using facts in basing their opinions." Pat Powell, Powell investments (Reference Peter Schiff's opinion that we are in a recession right now 11/22/07) Q208 revisions prove he is right when Q407 comes in at -.02 
-"all the bad news is priced into financials" Mike Green and Jim Benham show 12/14/07 
-Fred Layne on Bloomerg (layne and Barry) "This is a great time to be a buyer of equities 12/19/07. 
-Donald Luskin calls the bottom for financials on 12/07/07 (VFH financial index at $56.22 at time of call) 
-Economist Monti says there will probably not be a recession in 2008, Bloomberg 12/17/07 
-Mike Green: "This is the cheapest stocks have been in my lifetime" 12/17/07 
-Michael Darda from MKM partners: "There is no evidence for that (recession)" "I think those who think a recession is coming are wrong, dead wrong". 12/20/07 
-Bruce Kassim "We think growth will rebound rather smartly in the second half of 08" 12/20/07 
-Larry Kudlow "It does not look like a recession to me!" 12/20/07 
-Brian Wesbury on Larry Kudlow show, "Brian Wesbury is not seeing recession, so add me to that list" 12/20/07 (Estimated 3.0 real growth next year, while Roubini estimated -1.5% 2008) 
-Buzz Zaino, Royce & Associates: "I think the spring will see a rise in homebuying, why wait until 2009, the early buyers will get the best deal." "I think we've seen the bottom (housing stocks)" 12/26/07 
-Richard DeKaser National City Chief Economist: "I think the first half of 08 will have GDP at less than 1% with a rebound to 3% in the second half of 08". 
-Joe Brusuelus "I see an average growth of 2.1% for 2008. I think we will skirt a recession." 01/02/08 
-Brian Wesbury calls for Dow 15,000 by end of 2008!!!. Reaffirms a no recession call. 01/02/08 
-Paul Kandel "I think we skirt by both a recession and stagflation and just see slow growth for 2008." 01/02/08 
-Mike Green "These tech stocks are the cheapest I've ever seen them" 01/02/08 
-01/06/08 Abby Joseph Coen calls for a 14% return on the S&P for 2008 to 1650 due to avoiding recession. (Cohen loses job calling S&P on 3/17/08, replacement calls for drop to 1160 and rebound to 1300 by year's end) 
-01/06/08 Colin Glingsman of Oppenheimer Capital..."This month (Jan) is the bottom for financials, we will have a slight recession, the stock market will be up on anticipation for 2009, the bottom for housing stocks is upon us"


Mberenis said...

The recession is only as bad as we let it get.

Bailout is for you too!

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