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| The economy, is it good or bad. (Page 82/181) |
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Phranc
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NOV 07, 11:54 AM
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Recessions are indicated buy lose of economy over a mater of time. The economy has been going up up up since the .com bubble burst.
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Phranc
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NOV 07, 11:56 AM
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Incredibly strange double post. [This message has been edited by Phranc (edited 11-07-2007).]
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Pyrthian
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NOV 07, 12:02 PM
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| quote | Originally posted by aceman:
Ummmm, Cam you find ONE article or expert that says we are or have been in a recession recently? Bet you can't!
Their products won't go up as long as their supplies to complete the project are all bought in the U.S. |
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well, not being an economist, I really do not know the definition of the word. I didnt know that you need someone to actually get up, and say "ok, its a recesion". I thought an increased number of people having a hard time getting by qualifies. and, I also know that being in Detroit makes things look alot worse for me. just like I didnt know that prices going up on products due to high energy costs does not count as inflation - even tho the prices went up. as far I know, the 2 news sources are not allowed to use the word recession, due to its impact on the stock market. was 1981 a recession? because as far as I can tell - we are now as we were then?
and, next - you think prices will remain the same, even tho the value of the dollar goes down? again, I'm no economist, but somehow it seems that if the dollar is worth less, you will need more of them to buy something. even in the USA.
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Red88FF
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NOV 07, 12:02 PM
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| quote | Originally posted by aceman:
Ummmm, Cam you find ONE article or expert that says we are or have been in a recession recently? Bet you can't!
Their products won't go up as long as their supplies to complete the project are all bought in the U.S. |
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They didn't last time, why would they this time. I am sure as election time grows nearer there will be some fringe economic "experts" people right in there doing their part to bring things down, but a little early for that yet.
The growth figures have already been posted here with an absolute dismissal from the doom criers. As far as I am concerned they can go off in a corner and cry to themselves. All you need to do is look at who is crying and realize they will never get it.
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aceman
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NOV 07, 12:28 PM
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Definition: A recession is defined to be a period of two quarters of negative GDP growth.
We haven't had that, yet.
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Pyrthian
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NOV 07, 12:41 PM
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| quote | Originally posted by aceman:
Definition: A recession is defined to be a period of two quarters of negative GDP growth.
We haven't had that, yet. |
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so, what do we call this then? maybe it is just the widening gap in good jobs & crap jobs. maybe its just the huge vacuum in the middle east sucking up money & resources. ever since 9-11, things have slowly crept worse & worse for the "average joe". but, I do attribute much to the "party" everyone was having back in the Clinton years. because - it is true - things are not that bad. just not as good as we got used to.
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aceman
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NOV 07, 12:50 PM
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| quote | Originally posted by Pyrthian:
so, what do we call this then? maybe it is just the widening gap in good jobs & crap jobs. maybe its just the huge vacuum in the middle east sucking up money & resources. ever since 9-11, things have slowly crept worse & worse for the "average joe". but, I do attribute much to the "party" everyone was having back in the Clinton years. because - it is true - things are not that bad. just not as good as we got used to. |
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Perhaps it's the area that you're in. I think your statement has some vaild views. I consider myself, the average joe, in this economy. My income is middle of the road. I'm not sinking at all in this economy and feel that as soon as my house sell and my family moves to Omaha, NE with me and my wife goes back to work after 9-10 years that I'll actually be doing quite well.
I think many were used to the pre 9-11 economy, And the economy was already slowing down from the booming pace it was at long before 9-11. People just kept partying. Now, I think people say the economy is in the dumps just because they dislike Bush as president and some of the things he's done that are really outside the realm of the economy.
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84Bill
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NOV 07, 06:33 PM
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| quote | Originally posted by aceman:
I'll see your bad news and counter you with good news:
___________________________________________________
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<Insert golf clap here>
And now for something completely different...
Dow @ 13,300.. Getting real close to that 12,000
Big selloff on Wall Street
Dow industrials finish 361 points lower on credit market fears, while investors eye oil, earnings.
By David Ellis, CNNMoney.com staff writer
November 7 2007: 5:50 PM EST
NEW YORK (CNNMoney.com) -- Credit market fears once again sent stocks reeling, as the Dow industrials plunged 361 points Wednesday, marking one of its biggest point declines of the year.
The Dow Jones Industrial average (Charts) finished 361 points, or 2.65 percent, lower - its fifth biggest point decline so far this year.
Credit crunch, Act 2
Washington Mutual is reeling from a one-two punch of bad loans and a probe into past appraisals. But it may not be alone.
FORTUNE Magazine
By Peter Eavis, Fortune senior writer
November 7 2007: 6:16 PM EST
NEW YORK (Fortune) -- What the heck's happening to our financial system?
That will be a question many people will be asking after Washington Mutual shares plunged 17 percent in a single day. This after all is an industry-leading bank with over $320 billion in assets.
25 real estate markets poised to fall
One way to know where housing prices are headed is to look at their relationship to rents. As Fortune's data show, big declines are needed to bring prices and rents back in line.
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84Bill
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NOV 08, 09:32 PM
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Wall Street braces for higher tax rates
If lawmakers let capital gains and dividend rates move higher, selling pressure could pick up and buyers could get stingy. But the effect could be quite small.
Prince Alwaleed: Why Chuck had to go
In a Fortune exclusive, Citigroup's biggest single investor talks about his disappointment in Chuck Prince, the bank's colossal losses, and his views on a successor CEO.
OFF WITH HIS HEAD!!!!!
and
13,253.00
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Jeremiah
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NOV 08, 10:46 PM
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