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When did the definition of recession have anything to do with Greece? Sure their economic troubles can impact world financial markets but them being in the crapper certainly doesn't provide any proof of the United States being in a recession. Inflation is higher but nowhere near hyper-levels that people predicted.
What are we in recession if there is any negative economic factor anywhere in the world?
i was just responding directly to what that guy said.
It is an interesting side discussion though, what is the best (or are among the best) indicators of a recession? GDP is a common one, and with that you definitely see the distinct downward spike in 2009.
What about moving ****? As in producing goods to export, and importing goods to buy? Port of LA stats: The Port of Los Angeles | Maritime
TEUs
2005 7.5 million
2006 8.5 million
2007 8.4 million
2008 7.8 million <- oh nooooo!
2009 6.7 million <- oh nooooo!
2010 7.8 million
2011 (up 6.58% so far)
the stuff you said is just wrong. greece is still in the crapper and inflation is everywhere except home values.
High inflation and a recession at the same time? More proof you have little clue what's going on. And Greece? Come on, go to the corner and put your dunce cap on.
Also, the state, the way it is currently structured, has to have consistenly high levels if economic growth just to keep up with extremely rapid population growth.
Yes, that's the sword that cuts both ways in Texas.
The unemployment numbers are bad but the real story is even worse. Most of the new jobs that have come are in temporary services. Few, if any, employers are adding permanent positions. Many of the temp jobs are only part time and don't pay that well either.
I guess that my company is one of the few, as it has been slowly adding jobs over the last year and recently expanded into another small building because of the need for more room. And these are good paying jobs with excellent benefits. The company in another building that we share a parking garage with must be doing OK as I now have to park on a higher deck than I did a year ago because of the increased number of cars.
Granted that the economy isn't booming, but could it be that things aren't quite as dire as the media and the opposition politicians would make it appear? It sometimes seems that there are people rooting for the country to go down in flames so that they would have the satisfaction of being able to stand amid the rubble and say "See, I told you so!"
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