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Old 03-05-2008, 08:39 AM
 
Location: Sitting on a bar stool. Guinness in hand.
4,429 posts, read 5,947,716 times
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U.S. private sector jobs drop unexpectedly in Feb - Yahoo! News (broken link)

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Productivity growth slows sharply - Yahoo! News (broken link)


Can we all finally agree that America IS going to go into recession.

I remember back on august people were saying it's only the housing market and some credit problems that won't effect us. Then in the fall as the credit crisis really got rolling and the FED was cutting rates. People started saying the economy was slowing but we wouldn't reach recession. Then by the new year I was hearing that yeah we may get a couple of slow quarters maybe even a quarter of negative growth but there would be no "official" recession.
So now after all the happy talk has fallen flat and now the labor market is starting to feel the hurt. Can we finally all agree.
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Old 03-05-2008, 07:08 PM
 
Location: Stillwater, Oklahoma
22,569 posts, read 15,986,091 times
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No, we're not in a recession or going into one at all. Don't be fooled. What's happening now is that we're simply going through a slowdown in growth. There's still plenty of people working and being good consumers.
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Old 03-05-2008, 07:22 PM
b75
 
950 posts, read 3,267,920 times
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Ha ha...I know right... I love when people tell us things like that as if we are going to believe it...
Quote:
Originally Posted by StillwaterTownie View Post
No, we're not in a recession or going into one at all. Don't be fooled. What's happening now is that we're simply going through a slowdown in growth. There's still plenty of people working and being good consumers.
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Old 03-05-2008, 08:10 PM
 
Location: Boise, ID
1,356 posts, read 5,708,366 times
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It's pretty simple -

We can all agree we are in a recession when we have data showing two consecutive quarters of negative growth.

Consumer confidence is an important part of the economy. I am not for burying bad news but the constant drumming of it by the press is not helpful either.
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Old 03-05-2008, 08:53 PM
 
Location: Sitting on a bar stool. Guinness in hand.
4,429 posts, read 5,947,716 times
Reputation: 1713
Default Kidding

Quote:
Originally Posted by Niners fan View Post
It's pretty simple -

We can all agree we are in a recession when we have data showing two consecutive quarters of negative growth.

Consumer confidence is an important part of the economy. I am not for burying bad news but the constant drumming of it by the press is not helpful either.
While you are very correct that we need two consecutive quarter of negative growth. I believe by next year we will have achieved that. Of course this is conjecture until it happens. But I just have seen how wrong all these so called "experts" have been thus far. And the FED's interventions have not done much to help.
I looking at the data and numbers everyday coming in on jobs/labor, inflation, consumer confidence, cost of commodities, continued credit problems, etc, etc. And I couldn't sit here and with a strait face and tell you that more than likely a we will not have a recession. I know that a lot of people are tired of the recession drum beat. But I was and am tired of "It will never happen." sound bites I heard leading up to and still (in some publications) heard today.

Not that not to say that America is going to crumble into dust or anything. In fact if you are a smart investor there are going to be some really good deals coming up really soon.
But let stop kidding ourselves we are in more trouble than we are letting on.
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Old 03-05-2008, 08:57 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,248 posts, read 22,455,059 times
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Quote:
Originally Posted by StillwaterTownie View Post
No, we're not in a recession or going into one at all. Don't be fooled. What's happening now is that we're simply going through a slowdown in growth. There's still plenty of people working and being good consumers.
I tend to agree. I just do not see us as going into a recession. What I see is more "stagflation"- a real slow down with higher inflation. You can thank Bush and Bernanke for that.
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Old 03-06-2008, 05:20 PM
 
Location: Stillwater, Oklahoma
22,569 posts, read 15,986,091 times
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And the millions of people who foolishly voted Bush back into office in 2004. If you're in the stock market, please vote the Democrats back into the White House. Research has proven, with only an exception or two, such as President Carter, that the stock market performs best when a Democrat is president.
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Old 03-06-2008, 08:25 PM
 
Location: Sitting on a bar stool. Guinness in hand.
4,429 posts, read 5,947,716 times
Reputation: 1713
Default agree

Quote:
Originally Posted by StillwaterTownie View Post
And the millions of people who foolishly voted Bush back into office in 2004. If you're in the stock market, please vote the Democrats back into the White House. Research has proven, with only an exception or two, such as President Carter, that the stock market performs best when a Democrat is president.
This we agree on. While I do admire McCain service to our country both past and present. I don't think he will 1. bolster confidence enough to turn the economy around anytime soon and 2. I don't think he can/will focus our country toward new industries where we can thrive.
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Old 03-06-2008, 09:46 PM
 
Location: Boca Raton, FL
5,813 posts, read 9,440,484 times
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Smile Can we stop outsourcing jobs?

Can we? Please?

I am so tired of calling customer service and winding up with a guy with a script that can't even spell my last name (Miller).
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Old 03-07-2008, 07:23 AM
 
Location: Fort Myers Fl
2,305 posts, read 2,803,264 times
Reputation: 920
Quote:
Originally Posted by StillwaterTownie View Post
And the millions of people who foolishly voted Bush back into office in 2004. If you're in the stock market, please vote the Democrats back into the White House. Research has proven, with only an exception or two, such as President Carter, that the stock market performs best when a Democrat is president.

The Anti-Buisness Democrats will help the stock market. Please explain that for me.
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