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.
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
34,794 posts, read 58,301,504 times
Reputation: 46299
Quote:
Originally Posted by Bubble99
...
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)
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.
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.
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.
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.
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.
