Page 3 - Smith Tobin News Today

double dip. a youre not looking at the data and our data. >> are you looking at the data? >> were not going into recession. you have to realize that because the central banks are lowering rates and china raised rates to get food and inflation under control and they did it, the next move is done. and the central bank of brazil, raised rates and slowed things down and theyre cutting rates and finally the european union, that central bank has got to realize you cant have a single mandate ...

smith, tobin smith. democratic media consultant steve murphy, welcome to everybody. toby, will all of this selling trigger a new recession? >> well, yes, and were already in a recession. people watch this show for many years and see the research, my company did on recessions and the numbers we have been tracking for the future sales, over the next 90 days, which our key indicator at rolling over, and which means that the gdp growth is recession, were going to have a recession, its not ...

that going to get people in the mood to hire. >> no, two of out of three jobs have bb created by small businesses over the last ten to 15 years. the small business doesnt care about the infrastructure or five point plan they heard today. what they want to hear, how to obtain a loan from the bank and want more customers and were not seeing that. there has to be improvement at the top and we have to improve sentiment first of all and come up with everything else. the right now, small bus...

jonas max ferris, and eric bolling. >> and listening to small business to get americans back to work? >> of course, the policy of dealing with big business they dont create the jobs. the two out of three jobs, since 1990 has been created by small business, beyond that, the startups, the health of of the economy are new startups and with the alphabet soup from the obama care to epa, et cetera, startups are down 20% in the new cycle and thats a tragedy for our economy, and thats a traged...

along with caroline, the professor of politics at occidental college. the best way to bring down oil and gas price, drill more now. >> exactly, drill here, drill now. drill baby drill. instead of making fun of drill baby drill as they did on wednesday. its not going to be wind mills. contrary to dr. hoffman, its the not solar panel, not geothermal. not switch grass or corn ethanol. none of those will bring it down other than promising to drill, and it wont happen overnight, but in the ...

buttner, this is bulls and bears, lets get to it. the bulls and bears, gary b smith, tobin smith, jonas matt ferris along with matt mccall and strategist sarah flowers. gary b get ready for a rally now that spending is out? >> absolutely, you mentioned christmas, it came friday morning for me. brenda, when i opened the paper. i was shocked that a democratic congress passed basically the bush tax cuts, the extension, and did not throw in all that pork. you know, maybe theyre waking up. ...

team tap their retirement savings for paying their bills. >> its one of the sign. people have having a hard time. theyre tapping into the 401(k), layoffs more than 50 people at a time. hit 1600 last month, almost a record, elevated levels there, elevated levels of unemployment. home foreclosures, how about 21% of all mortgages underwater and all of these are pointing to not only a bad recovery, maybe a double dip recession. >> and one economist said this could lead to a great depressio...