Plantagenet wrote:Look. You made a bone-headed mistake. You wrongly claimed there was no double dip recession even though virtually every literate person on earth knows that Europe is in a double-dip recession.
Earth to Planetagent: Read Page #1, Post #1 of this thread
. The post that started it all. It was an article by Denninger about the Empire State Manufacturing Survey
. I've got important news for you: New York State in not in Europe!
I repeat: The Empire State is located in the United States, not on the other side of the Atlantic!
Here's a little map to help you out.
Thus, the geographical location in which this thread was intended for is not the geographical location currently undergoing a double-dip. Sorry!
And to emphasize the fact, the OP of the thread added his own narrative:
Daniel_Plainview wrote:How much longer can this moribund economy continue to run on the fumes from the Fed's ineffective life-support measures? Of course, the Fed will try one last hail-Mary (QE3) ... but just like QE1 and QE2, it will only make matters worse.
"The Fed," of course, refers to the Federal Reserve. The Federal Reserve is not
the central bank of Europe!
Rather, it is the central bank of the United States
. So, not only was Karl Denninger speaking of an imminent double-dip in the US, so was the OP who began this thread.