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 like....no 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"

2 comments:

Mberenis said...

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

Bailout is for you too!

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