Paulson: US economy poised to strengthen by year end

NoWorries · Tar Sands Joined: Jun 05, 2008 Posts: 73

http://www.breitbart.com/article.php?id=080703120512.75gtwijc&show_article=1

I find this fascinating (and incredible) since it is so far at odds with what other analysts are saying.

Just thought I'd add this as a counterweight to the discussion.

biofuel13

Whatever Paulson is on, I want some!!
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SoylentGreen · Heavy Crude Joined: May 25, 2008 Posts: 168

Did they find 50 Billion barrels up Paulsons A**?

Denny

I think the political leadership has to constantly espouse optimism, even whebn they have none in their psyche.

If Paulson were the treasurer of an auto parts company right now, he'd likewise have to say they see bright times ahead. If he were to publicly admit that they don't have a clue how to meet loan repayments and payroll commitments staring them on the horizon, that would put the company into Chapter 11 right then and there.

mmasters

They will lower the price of oil in a few months before the elections. The market will rally. Things will look good again for a short while.
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Just look at us. Everything is backwards; everything is upside down. Doctors destory health, lawyers destroy justice, universities destroy knowledge, governments destroy freedom, the major media destroy information and religions destroy spirituality.

SoylentGreen · Heavy Crude Joined: May 25, 2008 Posts: 168

the only thing thats gonna rally is OIL. Isreal F-16's are going bust some caps in Iran.Then the US Navy will have to bust a bunch more caps clearing , securing and neutralizing the threat on the Straight of Hormuz.

sicophiliac

Yeah maybe if this was your run of the mill bear market then yeah a rebound towards the end of the year would be likely, but as you all know this time the situation is quite a bit different. I am sure around 1930 you would hear the same sort of thing about how a turn around is just around the corner.

mefistofeles · Heavy Crude Joined: Mar 21, 2005 Posts: 158

I feel sorry for Paulson, I think he's a very intelligent man and he understands the economy.

I just wonder if telling lies still bothers him or whether he just accepts it as part of his job?

Maybe I'm too honest but I have much fewer qualms against lying via ommision than telling outright lies per see.

Or who knows maybe Paulson does believe this stuff. I was watching Bloomberg and I recall an otherwise sensible fund manager talking about how the oil bubble would burst. This manager was an intelligent man and he understood that the underlying earnings assumptions for the S&P 500 were out of touch with reality.

Yet he utterly failed to grasp peak oil, of course Bloomberg's always lovely Betty Liu was shaking her head in agreement.
Yet this fund manager got displayed absolutely no understanding of peakoil. NONE.

So who knows perhaps Paulson really does believe the party line. Of course we he was talking about closing down ibanks without bailing them out so perhaps there is more than meets the eye.

graham

This guy was on newsnight last night, trying to calm peoples fears of a recession/depression. You could actually see him shaking- he clearly didn't believe a word of what he was saying. Judging by what the reporter was asking (i forget her name,) he clearly knows about peak oil (as do the bbc) yet neither would utter the words.