{"id":521795,"date":"2010-04-09T11:01:00","date_gmt":"2010-04-09T15:01:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/henry-blodget-recovery-what-recovery-the-us-is-completely-screwed-howard-davidowitz-2010-4"},"modified":"2010-04-09T11:01:00","modified_gmt":"2010-04-09T15:01:00","slug":"recovery-what-recovery-the-u-s-is-completely-screwed-howard-davidowitz","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/521795","title":{"rendered":"RECOVERY?!?  WHAT RECOVERY?  THE U.S. IS COMPLETELY SCREWED!!! (Howard Davidowitz)"},"content":{"rendered":"<p>The inimitable Howard Davidowitz on whether he has been completely wrong over the past year and whether America is in the midst of a glorious recovery:<\/p>\n<p>\n<object width=\"584\" height=\"432\"><embed type=\"application\/x-shockwave-flash\" width=\"584\" height=\"432\" src=\"http:\/\/cosmos.bcst.yahoo.com\/up\/fop\/embedflv\/swf\/fop_wrapper.swf?id=19046327&amp;autoStart=0&amp;prepanelEnable=1&amp;infopanelEnable=1&amp;carouselEnable=0\" allowscriptaccess=\"always\"><\/embed><\/object>\n<\/p>\n<p style=\"padding-left: 30px;\">Retail analyst Howard Davidowitz of <a href=\"http:\/\/davidowitzassociates.com\/\">Davidowitz &amp; Co<\/a>. has always been one of  <a href=\"http:\/\/finance.yahoo.com\/tech-ticker\/article\/176478\/%22Worst-Is-Yet-to-Come%22-Americans%27-Standard-of-Living-Permanently-Changed?tickers=WMT,WFMI,FDO,%5EGSPC,%5EDJI,RTH\">our viewers&#8217; favorite guests<\/a>. Howard&#8217;s flamboyant bearishness won hearts and  minds all through the financial crisis, and we&#8211;and you&#8211;never get tired of  hearing from him.<\/p>\n<p style=\"padding-left: 30px;\">But Howard has been bearish for a year now&#8211;all through  one of the most amazing bull runs in history.&nbsp; Against all odds, the U.S.  economy appears to be gathering steam by the day, charging out of the worst  recession since the Great Depression and heading toward a strong  recovery.<\/p>\n<p style=\"padding-left: 30px;\">So what does Howard think about that?&nbsp; Has he changed his  tune?&nbsp; Was he completely wrong?<\/p>\n<p style=\"padding-left: 30px;\">NO WAY!!!<\/p>\n<p style=\"padding-left: 30px;\">In Howard&#8217;s view,  nothing has changed.&nbsp; Howard thinks the U.S. is still careening down the road  toward a hell of fiscal instability, over-indebtedness, ballooning budget  deficits and interest payments, and declining living standards.<\/p>\n<p style=\"padding-left: 30px;\">The  U.S. is broke, Howard says.&nbsp; The current &#8220;sucker&#8217;s rally&#8221; will end up like all  the sucker&#8217;s rallies that have tormented Japan for the past two decades.&nbsp; It  will be a false dawn that will momentarily distract everyone from the enormous  fiscal challenges we face &#8230; and then reality will take hold again.<\/p>\n<p style=\"padding-left: 30px;\">We  won&#8217;t be able to get out of our pickle without tremendous pain, Howard says.&nbsp;  The American people are figuring that out.&nbsp; And the American people won&#8217;t stand  for the status quo anymore.<\/p>\n<p style=\"padding-left: 30px;\"><strong>Earlier<\/strong>:<\/p>\n<ul style=\"padding-left: 30px;\">\n<li><a href=\"http:\/\/finance.yahoo.com\/tech-ticker\/retail-sales-up-but-america-in-%22dramatically-worse-shape%22-vs.-a-year-ago-davidowitz-says-463452.html?tickers=XRT,WMT,KSS,JWN,TGT,GPS,ANF\">Retail sales up but America in &#8220;dramatically worse shape&#8221; versus year ago <\/a><\/li>\n<li style=\"padding-left: 30px;\"><a href=\"http:\/\/finance.yahoo.com\/tech-ticker\/davidowitz-wall-st.-d.c.-bigwigs-%22buried-our-country-...-they-sold-us-down-the-river%22-463509.html?tickers=c,xlf,jpm,gs,ms,%5Egspc,%5Edji\">Wall Street-D.C. bigwigs &#8220;buried our country &#8230; sold us down the river,&#8221; Davidowitz says <\/a><\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.businessinsider.com\/henry-blodget-recovery-what-recovery-the-us-is-completely-screwed-howard-davidowitz-2010-4#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/U-TD2YSiZ9U\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The inimitable Howard Davidowitz on whether he has been completely wrong over the past year and whether America is in the midst of a glorious recovery: Retail analyst Howard Davidowitz of Davidowitz &amp; Co. has always been one of our viewers&#8217; favorite guests. Howard&#8217;s flamboyant bearishness won hearts and minds all through the financial crisis, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-521795","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/521795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=521795"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/521795\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=521795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=521795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=521795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}