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Old 03-18-2023, 01:01 PM
 
1,123 posts, read 895,135 times
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I was reading that we never got out of the 2008 recession that all they did was print money, quantitative easing and pupping up markets.

But well this is only coming from non mainstream economic people and the mass media and the government is not talking about this.

Is it true that we never got out of the 2008 recession and the problems we are having today is because of that?
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Old 03-18-2023, 02:46 PM
 
19,381 posts, read 17,568,796 times
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Quote:
Originally Posted by Bubble99 View Post
I was reading that we never got out of the 2008 recession that all they did was print money, quantitative easing and pupping up markets.

But well this is only coming from non mainstream economic people and the mass media and the government is not talking about this.

Is it true that we never got out of the 2008 recession and the problems we are having today is because of that?
That claim is false.
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Old 03-18-2023, 02:52 PM
 
1,123 posts, read 895,135 times
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Originally Posted by EDS_ View Post
That claim is false.
What is that we never got out of the 2008 recession? Or mainstream economic people are not lying or downplaying the problem?

The government and media is lying or downplaying the problem?
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Old 03-18-2023, 03:02 PM
 
Location: NMB, SC
41,110 posts, read 16,859,513 times
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Quote:
Originally Posted by Bubble99 View Post
I was reading that we never got out of the 2008 recession that all they did was print money, quantitative easing and pupping up markets.

But well this is only coming from non mainstream economic people and the mass media and the government is not talking about this.

Is it true that we never got out of the 2008 recession and the problems we are having today is because of that?
The Fed was easing on monetary policy since the 2008 crash.

You can see from this chart.

Before crash..FED had less than $1 trillion on balance sheet
Now they have $8.3 trillion

Easy money policies

https://fred.stlouisfed.org/series/WALCL
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Old 03-18-2023, 03:03 PM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
34,495 posts, read 57,246,361 times
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Quote:
Originally Posted by Bubble99 View Post
...

Is it true that we never got out of the 2008 recession and the problems we are having today is because of that?
USA actually 'rocketed' out of 2008 economic crisis, about as fast as we had collapsed.

Current economic problems are different, and potentially more systemic (more difficult to resolve).
There were warnings, but economy is a very delicate and complicated formula that is dynamic with internal and world events.

China is complicated
Russia is complicated
N Korea could rustle the feathers
EU has a lot of diverse pieces and on a volatile continent.

Be careful who you listen to,. But USA is in a very small company of nations with secure and fairly predictable and honest (?) Financial economy. Room for improvement, lessons to learn, learnings to apply. Encourage your leadership to be accountable and responsible. Voting has a significant impact. Know each issue and representative. A political majority can be very counterproductive to a stable government. (Plenty of uninformed special interests and that WILL affect the economy)
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Old 03-18-2023, 03:05 PM
 
19,381 posts, read 17,568,796 times
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Originally Posted by Bubble99 View Post
What is that we never got out of the 2008 recession? Or mainstream economic people are not lying or downplaying the problem?

The government and media is lying or downplaying the problem?

If you think the government is lying about GDP, inflation etc. prove it and become a millionaire overnight.

Although my strength is oil and gas trading, ~arbitrage/futures etc. I am an economist and in the mainstream. I make mistakes all the time but never lie.

We defiantly got out of the '00s bust on or about early summer 2009. The economy moved from contraction to expansion. 2010 GDP numbers prove it.
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Old 03-18-2023, 03:32 PM
 
Location: Orange County, CA
4,863 posts, read 3,307,010 times
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Quote:
Originally Posted by Bubble99 View Post
I was reading that we never got out of the 2008 recession that all they did was print money, quantitative easing and pupping up markets.

But well this is only coming from non mainstream economic people and the mass media and the government is not talking about this.

Is it true that we never got out of the 2008 recession and the problems we are having today is because of that?
Don't forget the lowering of interest rates to near zero or even negative in some countries.

The Powers that be did not allow the crisis to run its course back then so now we are in FAR WORSE state with far more debt imaginable.
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Old 03-18-2023, 03:38 PM
 
1,123 posts, read 895,135 times
Reputation: 335
Quote:
Originally Posted by EDS_ View Post
If you think the government is lying about GDP, inflation etc. prove it and become a millionaire overnight.

Although my strength is oil and gas trading, ~arbitrage/futures etc. I am an economist and in the mainstream. I make mistakes all the time but never lie.

We defiantly got out of the '00s bust on or about early summer 2009. The economy moved from contraction to expansion. 2010 GDP numbers prove it.
That is what they saying the government and media are lying about GDP and inflation.
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Old 03-18-2023, 03:51 PM
 
19,381 posts, read 17,568,796 times
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Quote:
Originally Posted by Bubble99 View Post
That is what they saying the government and media are lying about GDP and inflation.
Like I said they should prove it or shut up.
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Old 03-18-2023, 05:24 PM
 
Location: Las Vegas & San Diego
6,906 posts, read 3,257,867 times
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Quote:
Originally Posted by Bubble99 View Post
What is that we never got out of the 2008 recession? Or mainstream economic people are not lying or downplaying the problem?

The government and media is lying or downplaying the problem?
A recession is generally defined as a fall in GDP - between 2009 and 2019 GDP rose at a pretty steady 2-3% until COVID in 2020. GDP went from $14.4T in 2009 to $25.5T in 2022 - 77% increase. The S&P increased an average of 14% a year during the same period - some 533% increase. That doesn't sound like much of a recession

It would be a lie on your part to say we never got out of the 2008 recession.
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