We're not in a recession anymore right?

[jinduy]

Apple 2Q income up 90 pct, shares jump to new high

 

[gaidensensei]

FS/FT and ebay says otherwise.. But this is the resale market. Not sure for retail-new.

 

[nerp]

Technically, no, we're not out of the recession.

 

[Powermoloch]

Not really, still alot of unemployed ppl all around.

 

[mooncancook]

Not really, still alot of unemployed ppl all around.

I thought so too, but the sales of those new iPads says otherwise. I'm confused.

 

[Ronstang]

I thought so too, but the sales of those new iPads says otherwise. I'm confused.

It just means that decades and decades of us having it too good in this country has led to many people having their priorities out of whack.

 

[sandorski]

Technically, no, we're not out of the recession.

Incorrect. Technically it is over.

 

[sao123]

Incorrect. Technically it is over.

the recession might be over, but our economy still blows until the buying power and employment levels of the middle and lower classes returns.

 

[zinfamous]

recession over. doesn't have to mean the jobs are back yet. ...which they aren't.

 

[RU482]

the recession might be over, but our economy still blows until the buying power and employment levels of the middle and lower classes returns.

your statement contradicts the OP

 

[Powermoloch]

I thought so too, but the sales of those new iPads says otherwise. I'm confused.

Uh..it means ppl who still have their jobs can afford to have one...while those who are in the lower end in the spectrum or unemployed/homeless doesn't own an Ipad. Let alone thinking of buying one while they have a hard time finding a stable job or home to stay.

/thread.

 

[zinfamous]

your statement contradicts the OP

how so? The OP mentions Apple stock. what kind of middle or low class plebeian purchases Apple products?

:sneaky:

 

[sandorski]

the recession might be over, but our economy still blows until the buying power and employment levels of the middle and lower classes returns.

True enough.

 

[Locut0s]

Depends. If you're a fat cat on wallstreet the bad times lasted all of, what, 3 weeks or less? For the rest of us yeah I'd say we are still in a recession. Isn't US unemplyment rate still double digit? Canada's is at 8.2% right now. True a recession is usually measured as 2 or more months of negative growth.

 

[Special K]

Incorrect. Technically it is over.

Actually the NBER, the group of economists tasked with determining the official start and end dates of recessions, recently released a statement claiming that it's premature to mark the end of the contraction:

http://articles.latimes.com/2010/apr/13/business/la-fi-recession13-2010apr13

 

[dennilfloss]

Incorrect. Technically it is over.

In Canada it sure is. 🙂

 

[thepd7]

Technically, no, we're not out of the recession.

Incorrect. Technically it is over.

Actually the NBER, the group of economists tasked with determining the official start and end dates of recessions, recently released a statement claiming that it's premature to mark the end of the contraction:

http://articles.latimes.com/2010/apr/13/business/la-fi-recession13-2010apr13

Sandorski, any data to back that up? Most of the economists I have read believe we aren't out yet and quite a few think we will have a double-dip very similar to 2001. I haven't heard a single one say we are out, especially since it's my understanding you can't actually tell until a year or more after the fact.

 

[sandorski]

Sandorski, any data to back that up? Most of the economists I have read believe we aren't out yet and quite a few think we will have a double-dip very similar to 2001. I haven't heard a single one say we are out, especially since it's my understanding you can't actually tell until a year or more after the fact.

All the current Data says the recession is over. Of course revisions might show that the Recession is still on or that the Economy might dip back into Recession, but those are just conjectures at this time.

 

[zerocool84]

Recession technically is over but jobs still have at least a year or so to go back to semi-normal.

 

[Special K]

Sandorski, any data to back that up? Most of the economists I have read believe we aren't out yet and quite a few think we will have a double-dip very similar to 2001. I haven't heard a single one say we are out, especially since it's my understanding you can't actually tell until a year or more after the fact.

Who still thinks we could have a double dip?

 

[Special K]

Recession technically is over but jobs still have at least a year or so to go back to semi-normal.

If we define "normal" to be 5% unemployment or less, then I think it will probably take more than 1 year to get that low. I also wonder whether we will ever see 5% again, or if something like 7%+ will become the "new normal".

 

[zerocool84]

If we define "normal" to be 5% unemployment or less, then I think it will probably take more than 1 year to get that low. I also wonder whether we will ever see 5% again, or if something like 7%+ will become the "new normal".

I heard we won't see normal unemployment rates for at least another 5yrs.

 

[Special K]

I heard we won't see normal unemployment rates for at least another 5yrs.

By that time, the next bubble will have already burst and we'll be back on our way to 10%+ again! 😉

 

[Acanthus]

If we define "normal" to be 5% unemployment or less, then I think it will probably take more than 1 year to get that low. I also wonder whether we will ever see 5% again, or if something like 7%+ will become the "new normal".

It will take half a decade or more to return to 5%. If ever.

 

[jinduy]

how so? The OP mentions Apple stock. what kind of middle or low class plebeian purchases Apple products?

:sneaky:

sorry are you sarcastic (sarcasm meter is busted) - everyone has an iphone