POLL: Do you think we're in a recession yet?
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Jaskalas
Lifer
- Jun 23, 2004
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For some frame of reference: Subprime Nation
Yes, this crisis has begun. Our bankrupt policies will begin to severely afflict this nation and its people. The only thing we're doing now is trying to sell ourselves to the world. Even if that works and staves off this current plunge, I am going to guarantee that we won?t change our bankrupt policies and we will send ourselves right back over the edge.
Be it this year or four years from now, this is a crisis unlike anything since the great depression.
Yes, this crisis has begun. Our bankrupt policies will begin to severely afflict this nation and its people. The only thing we're doing now is trying to sell ourselves to the world. Even if that works and staves off this current plunge, I am going to guarantee that we won?t change our bankrupt policies and we will send ourselves right back over the edge.
Be it this year or four years from now, this is a crisis unlike anything since the great depression.
No, I do not think we are in a recession yet, but I firmly believe we will be in one by the end of the year.
I voted not yet but pretty soon.
Unemployment goes up, USD is losing ground compared to other world leading currencies, stock markets with red numbers etc. etc. its a one way train.
Hope you have enough saved. Probably will be better in a couple of years though, its a simple economic cycle.
However, if we pick up a war or something major like that, it'll boost the economy, bad times to be an Iranian I guess..
Unemployment goes up, USD is losing ground compared to other world leading currencies, stock markets with red numbers etc. etc. its a one way train.
Hope you have enough saved. Probably will be better in a couple of years though, its a simple economic cycle.
However, if we pick up a war or something major like that, it'll boost the economy, bad times to be an Iranian I guess..
Yes I do.
I know the housing market is crap. I know many people wanting to move into their new place at the retirement community I work at but can't because their houses are not being sold.
Prices are inflating on everything from food to toilet paper.
I know many people who are putting in applications are various places and have yet to receive a call.
I know the housing market is crap. I know many people wanting to move into their new place at the retirement community I work at but can't because their houses are not being sold.
Prices are inflating on everything from food to toilet paper.
I know many people who are putting in applications are various places and have yet to receive a call.
When was the last time anybody measured a recession by the Dow? Please point to historical references.
all numbers put us at positve growth last quarter (Q4-07). That would mean it's impossible for us to currently be in a recession.
- Sep 29, 2000
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A recession is two contracting quarters, so you are right. I suppose in the grand sense I meant "Do you think this will be the first quarter of the two required to define a recession"?.
But, is a recession what happens after the two shrinking quarters, or does a recession start the second the GDP starts to shrink, and it's only later defined as one, in which case we could very well and factually be in a recession this very minute?
A recession is defined in arrears after the 2nd quarter's GDP numbers are released. It is impossible for us to be in a recession right now, the only time it will be possible will be the close of business on June 30th 2008. The reason why it's defined as two quarters is that you need to show a trend, not just a 1-time spurt. Additionally, it's defined as the whole quarter, not just a part of one, since you could, and often do, have negative growth for a day, week, or month, but often (or most) times end the quarter positive.
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