U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Work and Employment
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 01-06-2009, 12:25 PM
 
222 posts, read 720,603 times
Reputation: 86

Advertisements

BREAKING NEWS
Federal Reserve forecasted continued economic decline in 2009, steep unemployment rise into 2010. More soon.
Reply With Quote Quick reply to this message

 
Old 01-06-2009, 12:27 PM
 
222 posts, read 720,603 times
Reputation: 86
Quote:
Originally Posted by Tulpan78 View Post
BREAKING NEWS
Federal Reserve forecasted continued economic decline in 2009, steep unemployment rise into 2010. More soon.
Fed sees longer economic decline than earlier forecasts - Jan. 6, 2009
Reply With Quote Quick reply to this message
 
Old 01-06-2009, 12:30 PM
 
359 posts, read 1,092,530 times
Reputation: 175
Can anyone say DEPRESSION?
Reply With Quote Quick reply to this message
 
Old 01-06-2009, 09:31 PM
 
4,247 posts, read 9,352,280 times
Reputation: 1461
Well, I am certainly DEPRESSED over this news.
Reply With Quote Quick reply to this message
 
Old 01-06-2009, 09:39 PM
 
5,640 posts, read 17,282,341 times
Reputation: 3979
This is new news? I read wall street journal and they have been predicting this for a long time. 70% I think, of the economy momentum is driven by discretionary consumer purchase. And guess what, if no one has a job or they think they are going to lose theirs any day... they ain't taking out a loan to buy a car or ipods or a new home or name brand groceries, or shoes or new clothes or doing crazy things like going to the dentist. It is a vicious cycle.

The economy is a royal mess.
Reply With Quote Quick reply to this message
 
Old 01-06-2009, 10:35 PM
 
Location: dfw
277 posts, read 399,546 times
Reputation: 303
whatever happened to america..im sure a lot of americans are feeling this way
Reply With Quote Quick reply to this message
 
Old 01-07-2009, 04:53 AM
 
3,853 posts, read 11,645,433 times
Reputation: 2509
How long have we been warning of this, seriously?


YouTube - Peter Schiff Was Right 2006-2007
Reply With Quote Quick reply to this message
 
Old 01-07-2009, 07:43 AM
 
Location: Murfreesboro, TN
763 posts, read 2,257,469 times
Reputation: 706
Quote:
Originally Posted by gardener34 View Post
This is new news? I read wall street journal and they have been predicting this for a long time. 70% I think, of the economy momentum is driven by discretionary consumer purchase. And guess what, if no one has a job or they think they are going to lose theirs any day... they ain't taking out a loan to buy a car or ipods or a new home or name brand groceries, or shoes or new clothes or doing crazy things like going to the dentist. It is a vicious cycle.

The economy is a royal mess.
That was my first thought, too. 2009 is going to be much, much worse than 2008.
Reply With Quote Quick reply to this message
 
Old 01-09-2009, 10:04 PM
 
935 posts, read 2,187,010 times
Reputation: 469
Yeah, and those that want to buy things are not being given the money to even though banks have been given money by the government. There are rumors going around that some banks are actually just loaning money to one another in order to claim that they are giving out money when really they are hoarding it out of fear. However, I heard this on public radio so whether or not it's 100% accurate is another story.

It's ironic that my entire life I was told that if I go to college and get a degree I would be able to get a good job and make a lot of money so I can get my family out of poverty. I have an okay job now, but it took 9 months and that's with someone who graduated with honors, is a member of a national communications honor society, almost fluent in Spanish, and I've worked as a supervisor for 2 1/2 years. Also, the company I work for fired 6 people last year due to dwindling sales, and since I'm just an assistant I'm paying extra attention to rumors about how well or unwell sales are going.

I really hope something happens soon to fix this mess. It's sort of sad when I was turned down by places such as K-Mart and numerous medical/dental/business offices b/c of my degree.
Reply With Quote Quick reply to this message
 
Old 01-09-2009, 10:28 PM
 
Location: Sheepshead Bay, Brooklyn, New York
195 posts, read 680,310 times
Reputation: 89
Quote:
Originally Posted by ihatetucson View Post
Can anyone say DEPRESSION?
Not till the unemployment rate has surpassed 10%!
It is not far from there!
Keep your eyes, legs and fingers crossed!
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Work and Employment
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 02:03 AM.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top